Newmont (NEM) vs Wheaton Precious Metals (WPM)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Newmont (NEM) has outperformed Wheaton Precious Metals (WPM) over the past year, gaining 30.6% versus a gain of 23.4%. Over five years, WPM leads with a +226.0% price change compared with +99.1% for NEM. Newmont is the larger company by market cap ($121.71 billion vs $61.31 billion), about 2.0 times the size, while Wheaton Precious Metals is growing revenue faster (+80.2% vs +21.3%).
On valuation, Newmont trades at a lower forward P/E (11.4x vs 27.1x for Wheaton Precious Metals). Newmont offers the higher dividend yield (0.89% vs 0.53%). Wheaton Precious Metals converts more of its revenue into profit, with a net margin of 63.6% versus 31.3%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | NEM | WPM |
|---|---|---|
| Share price | $115.51 | $134.99 |
| Market cap | $121.71B | $61.31B |
| 1-day change | +1.73% | +0.97% |
| YTD return | +13.71% | +13.76% |
| 1-year return | +30.58% | +23.42% |
| 5-year return | +99.09% | +225.99% |
| P/E ratio (TTM) | 14.57 | 29.93 |
| Forward P/E | 11.39 | 27.13 |
| EPS (TTM) | $7.93 | $4.51 |
| Dividend yield | 0.89% | 0.53% |
| Annual dividend | $1.03 | $0.72 |
| Revenue (latest FY) | $22.67B | $2.31B |
| Revenue growth (YoY) | +21.34% | +80.18% |
| Net income (latest FY) | $7.08B | $1.47B |
| Gross margin | 64.33% | 72.22% |
| Operating margin | — | 68.33% |
| Net margin | 31.25% | 63.58% |
| 52-week high | $135.29 | $165.76 |
| 52-week low | $76.05 | $92.57 |
| Distance from 52-week high | -14.62% | -18.56% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +19.25% | +31.72% |
| Average volume | 7.26M | 1.98M |
| Shares outstanding | 1.05B | 454.16M |
| Employees | 17,500 | — |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Wheaton Precious Metals trades at a higher earnings multiple (29.9x vs 14.6x trailing P/E).
- Wheaton Precious Metals is more profitable, keeping 63.6 cents of every revenue dollar as net income versus 31.3 cents for Newmont.
- Wheaton Precious Metals grew revenue faster in its latest fiscal year (+80.18% vs +21.34%).
About Newmont
NEM stock →Newmont Corporation operates as a gold producer. It also explores for copper, silver, lead, zinc, and other metals.
Basic Materials · Precious Metals · 17,500 employees
About Wheaton Precious Metals
WPM stock →Wheaton Precious Metals Corp. operates as a precious metal streaming company.
Basic Materials · Precious Metals
NEM vs WPM FAQ
Which is bigger, Newmont or Wheaton Precious Metals?
Newmont (NEM) is larger, with a market capitalization of $121.71B compared with $61.31B for Wheaton Precious Metals (WPM).
Which stock has performed better over the past year, NEM or WPM?
NEM returned +30.58% over the past 12 months, compared with +23.42% for WPM (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, NEM or WPM?
NEM has the lower trailing P/E at 14.6, versus 29.9 for WPM. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Newmont or Wheaton Precious Metals?
Newmont has the higher yield at 0.89%, compared with 0.53% for Wheaton Precious Metals.
Are Newmont and Wheaton Precious Metals in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.