KGC vs WPM

For growth investors, Wheaton Precious Metals Corp.

(WPM) is the stronger pick with 83. 3% revenue growth year-over-year, versus 39. 3% for Kinross Gold Corporation (KGC). Kinross Gold Corporation (KGC) offers the better valuation at 15. 5x trailing P/E (9. 8x forward), making it the more compelling value choice. Analysts rate Kinross Gold Corporation (KGC) a "Buy" — based on 28 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Kinross Gold Corporation (KGC) is the cheapest at 15.

5x versus Wheaton Precious Metals Corp. at 40. 9x. On forward P/E, Kinross Gold Corporation is actually cheaper at 9. 8x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Kinross Gold Corporation wins at 0. 79x versus Wheaton Precious Metals Corp. 's 1. 10x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Kinross Gold Corporation (KGC) delivered a total return of +314.

0%, compared to +216. 4% for Wheaton Precious Metals Corp. (WPM). Over 10 years, the gap is even starker: WPM returned +615. 1% versus KGC's +463. 8%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Wheaton Precious Metals Corp.

(WPM) is the lower-risk stock at 0. 63β versus Kinross Gold Corporation's 0. 69β — meaning KGC is approximately 10% more volatile than WPM relative to the S&P 500. On balance sheet safety, Wheaton Precious Metals Corp. (WPM) carries a lower debt/equity ratio of 0% versus 9% for Kinross Gold Corporation — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Wheaton Precious Metals Corp.

(WPM) is pulling ahead at 83. 3% versus 39. 3% for Kinross Gold Corporation (KGC). On earnings-per-share growth, the picture is similar: Wheaton Precious Metals Corp. grew EPS 181. 2% year-over-year, compared to 158. 4% for Kinross Gold Corporation. Over a 3-year CAGR, WPM leads at 30. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Wheaton Precious Metals Corp.

(WPM) is the more profitable company, earning 63. 6% net margin versus 33. 9% for Kinross Gold Corporation — meaning it keeps 63. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: WPM leads at 68. 8% versus 43. 2% for KGC. At the gross margin level — before operating expenses — WPM leads at 72. 2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Kinross Gold Corporation (KGC) is the more undervalued stock at a PEG of 0. 79x versus Wheaton Precious Metals Corp. 's 1. 10x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Kinross Gold Corporation (KGC) trades at 9. 8x forward P/E versus 24. 8x for Wheaton Precious Metals Corp. — 14. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for KGC: 37. 3% to $42. 25.

All stocks in this comparison pay dividends.

Wheaton Precious Metals Corp. (WPM) offers the highest yield at 0. 5%, versus 0. 4% for Kinross Gold Corporation (KGC).

For long-horizon retirement investors, Wheaton Precious Metals Corp.

(WPM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), +615. 1% 10Y return). Both have compounded well over 10 years (WPM: +615. 1%, KGC: +463. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.