RGLD vs. WPM: Royal Gold vs. Wheaton Precious Metals Stock Comparison
How do Royal Gold (RGLD) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Royal Gold (RGLD) and Wheaton Precious Metals (WPM) are both classified in the Gold sub-industry within the broader Metals & Mining industry, placing them in the closest GICS peer bucket.
| Profile Item | RGLD | WPM |
|---|---|---|
| Name | Royal Gold, Inc. | Wheaton Precious Metals Corp. |
| Country/Region | United States | Canada |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Gold | Gold |
| Market Capitalization | 22.47 billion USD | 61.91 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | June 9, 1981 | July 6, 2005 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Total Return (1Y) | 60.60% | 45.35% |
| Total Return (3Y, Annualized) | 39.65% | 50.60% |
| Total Return (5Y, Annualized) | 23.26% | 29.06% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Volatility (1Y, Annualized) | 41.91% | 52.11% |
| Beta (5Y) | 0.39 | 0.49 |
| Max Drawdown (5Y) | -40.73% | -43.29% |
| Avg. Volume (3M) | 667.01K | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Sharpe Ratio (1Y) | 1.34 | 0.79 |
| Sortino Ratio (1Y) | 2.00 | 1.14 |
Profitability
ROE (TTM)
Wheaton Precious Metals (WPM) at 23.10% sits in the top ROE quartile, while Royal Gold (RGLD) at 15.03% is closer to the peer norm — stronger capital efficiency for WPM.
RGLD
Materials industry group
15.03%
- Max
- 52.88%
- Q3
- 19.49%
- RGLD
- 15.03%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
WPM
Materials industry group
23.10%
- Max
- 52.88%
- WPM
- 23.10%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Both Royal Gold (RGLD) at 47.99% and Wheaton Precious Metals (WPM) at 60.39% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.
RGLD
Materials industry group
47.99%
- RGLD
- 47.99%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
WPM
Materials industry group
60.39%
- WPM
- 60.39%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Royal Gold (RGLD) at 65.85% and Wheaton Precious Metals (WPM) at 66.70% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
RGLD
Materials industry group
65.85%
- Max
- 66.70%
- RGLD
- 65.85%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
WPM
Materials industry group
66.70%
- WPM
- 66.70%
- Max
- 66.70%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | RGLD | WPM |
|---|---|---|
| ROE (TTM) | 15.03% | 23.10% |
| ROA (TTM) | 9.97% | 15.22% |
| Net Margin (TTM) | 47.99% | 60.39% |
| Operating Margin (TTM) | 65.85% | 66.70% |
| Gross Margin (TTM) | 86.63% | 86.61% |
Growth
Revenue Growth
Both Royal Gold (RGLD) at 43.24% and Wheaton Precious Metals (WPM) at 80.18% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Wheaton Precious Metals (WPM) at 177.85% sits in the top EPS growth quartile, while Royal Gold (RGLD) at 32.74% is closer to the peer norm — faster per-share earnings growth for WPM.
Growth Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Revenue Growth (YoY) | 43.24% | 80.18% |
| Revenue Growth (3Y CAGR) | 19.54% | 29.53% |
| EPS Growth (YoY) | 32.74% | 177.85% |
| EPS Growth (3Y CAGR) | 22.60% | 29.83% |
Financial Strength
Current Ratio (MRQ)
Royal Gold (RGLD) at 2.40 keeps current ratio within its industry’s typical mid-range, while Wheaton Precious Metals (WPM) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WPM.
RGLD
Materials industry group
2.40
- Max
- 5.96
- Q3
- 3.30
- RGLD
- 2.40
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
WPM
Materials industry group
0.57
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- WPM
- 0.57
- Min
- 0.16
Debt / Equity (MRQ)
Royal Gold (RGLD) at 0.02 keeps leverage in the lower industry quartile, while Wheaton Precious Metals (WPM) at 0.16 runs a more typical debt-to-equity mix.
RGLD
Materials industry group
0.02
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- RGLD
- 0.02
- Min
- 0.00
WPM
Materials industry group
0.16
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- WPM
- 0.16
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Current Ratio (MRQ) | 2.40 | 0.57 |
| Debt / Equity (MRQ) | 0.02 | 0.16 |
| Net Debt / EBITDA | -0.03 | 0.50 |
Dividends
Dividend Yield (TTM)
Both Royal Gold (RGLD) at 0.74% and Wheaton Precious Metals (WPM) at 0.57% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
RGLD
Materials industry group
0.74%
- Max
- 4.52%
- Q3
- 1.85%
- RGLD
- 0.74%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
0.57%
- Max
- 4.52%
- Q3
- 1.85%
- WPM
- 0.57%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Royal Gold (RGLD) at 19.41% and Wheaton Precious Metals (WPM) at 16.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
RGLD
Materials industry group
19.41%
- Max
- 83.62%
- Q3
- 41.37%
- RGLD
- 19.41%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
16.29%
- Max
- 83.62%
- Q3
- 41.37%
- WPM
- 16.29%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | RGLD | WPM |
|---|---|---|
| Dividend Yield (TTM) | 0.74% | 0.57% |
| Dividend Payout Ratio (TTM) | 19.41% | 16.29% |
Valuation
P/E Ratio (TTM)
Both Royal Gold (RGLD) at 27.15 and Wheaton Precious Metals (WPM) at 29.63 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.
RGLD
Materials industry group
27.15
- Max
- 59.00
- Q3
- 32.93
- RGLD
- 27.15
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
WPM
Materials industry group
29.63
- Max
- 59.00
- Q3
- 32.93
- WPM
- 29.63
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Royal Gold (RGLD) at 12.86 and Wheaton Precious Metals (WPM) at 17.86 — each P/S ratio clears its industry’s benchmark range.
RGLD
Materials industry group
12.86
- RGLD
- 12.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
WPM
Materials industry group
17.86
- WPM
- 17.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Royal Gold (RGLD) at 2.91 is valued about in line with its industry on P/B ratio, while Wheaton Precious Metals (WPM) at 6.17 carries an above-peer premium to book — WPM is pricier on assets.
RGLD
Materials industry group
2.91
- Max
- 6.59
- Q3
- 3.55
- RGLD
- 2.91
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
WPM
Materials industry group
6.17
- Max
- 6.59
- WPM
- 6.17
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | RGLD | WPM |
|---|---|---|
| P/E Ratio (TTM) | 27.15 | 29.63 |
| P/S Ratio (TTM) | 12.86 | 17.86 |
| P/B Ratio (MRQ) | 2.91 | 6.17 |
| Free Cash Flow Yield (TTM) | 4.24% | -5.11% |