Royal Gold (RGLD) 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
Wheaton Precious Metals (WPM) has outperformed Royal Gold (RGLD) over the past year, gaining 23.4% versus a gain of 15.1%. Over five years, WPM leads with a +226.0% price change compared with +131.2% for RGLD. Wheaton Precious Metals is the larger company by market cap ($60.72 billion vs $19.31 billion), about 3.1 times the size.
On valuation, Royal Gold trades at a lower forward P/E (17.7x vs 26.9x for Wheaton Precious Metals). Wheaton Precious Metals offers the higher dividend yield (0.54% vs 0.42%). Wheaton Precious Metals converts more of its revenue into profit, with a net margin of 63.6% versus 45.2%.
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 | RGLD | WPM |
|---|---|---|
| Share price | $227.89 | $133.69 |
| Market cap | $19.31B | $60.72B |
| 1-day change | -2.76% | -2.88% |
| YTD return | +2.52% | +13.76% |
| 1-year return | +15.10% | +23.42% |
| 5-year return | +131.20% | +225.99% |
| P/E ratio (TTM) | 25.24 | 30.52 |
| Forward P/E | 17.72 | 26.87 |
| EPS (TTM) | $9.03 | $4.38 |
| Dividend yield | 0.42% | 0.54% |
| Annual dividend | $0.95 | $0.72 |
| Revenue (latest FY) | $1.03B | $2.31B |
| Revenue growth (YoY) | +43.24% | +80.18% |
| Net income (latest FY) | $466.28M | $1.47B |
| Gross margin | 69.32% | 72.22% |
| Operating margin | 61.93% | 68.33% |
| Net margin | 45.25% | 63.58% |
| 52-week high | $306.25 | $165.76 |
| 52-week low | $168.88 | $92.57 |
| Distance from 52-week high | -25.59% | -19.35% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +35.96% | +33.00% |
| Average volume | 687.26K | 1.99M |
| Shares outstanding | 84.73M | 454.16M |
| Employees | 39 | — |
| Sector | Industrials | 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 is about 3.1 times larger than Royal Gold by market value ($60.72B vs $19.31B).
- Wheaton Precious Metals is more profitable, keeping 63.6 cents of every revenue dollar as net income versus 45.2 cents for Royal Gold.
- Wheaton Precious Metals grew revenue faster in its latest fiscal year (+80.18% vs +43.24%).
- The two companies sit in different sectors: Royal Gold in Industrials and Wheaton Precious Metals in Basic Materials.
About Royal Gold
RGLD stock →Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
Industrials · Precious Metals · 39 employees
About Wheaton Precious Metals
WPM stock →Wheaton Precious Metals Corp. operates as a precious metal streaming company.
Basic Materials · Precious Metals
RGLD vs WPM FAQ
Which is bigger, Royal Gold or Wheaton Precious Metals?
Wheaton Precious Metals (WPM) is larger, with a market capitalization of $60.72B compared with $19.31B for Royal Gold (RGLD).
Which stock has performed better over the past year, RGLD or WPM?
WPM returned +23.42% over the past 12 months, compared with +15.10% for RGLD (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, RGLD or WPM?
RGLD has the lower trailing P/E at 25.2, versus 30.5 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, Royal Gold or Wheaton Precious Metals?
Wheaton Precious Metals has the higher yield at 0.54%, compared with 0.42% for Royal Gold.
Are Royal Gold and Wheaton Precious Metals in the same industry?
Yes. Both are classified in the Precious Metals industry within the Industrials sector.