EMX vs NEM vs AEM vs RGLD vs WPM

For growth investors, Wheaton Precious Metals Corp.

(WPM) is the stronger pick with 83. 3% revenue growth year-over-year, versus 17. 3% for EMX Royalty Corporation (EMX). Newmont Corporation (NEM) offers the better valuation at 17. 7x trailing P/E (10. 9x forward), making it the more compelling value choice. Analysts rate EMX Royalty Corporation (EMX) a "Buy" — based on 1 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, Newmont Corporation (NEM) is the cheapest at 17.

7x versus Wheaton Precious Metals Corp. at 40. 0x. On forward P/E, Newmont Corporation is actually cheaper at 10. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Agnico Eagle Mines Limited wins at 0. 40x versus Royal Gold, Inc. 's 2. 51x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Wheaton Precious Metals Corp.

(WPM) delivered a total return of +207. 9%, compared to +15. 6% for EMX Royalty Corporation (EMX). Over 10 years, the gap is even starker: WPM returned +649. 6% versus NEM's +293. 1%. 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), EMX Royalty Corporation (EMX) is the lower-risk stock at 0.

44β versus Newmont Corporation's 0. 75β — meaning NEM is approximately 72% more volatile than EMX relative to the S&P 500. On balance sheet safety, Wheaton Precious Metals Corp. (WPM) carries a lower debt/equity ratio of 0% versus 30% for EMX Royalty 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 17. 3% for EMX Royalty Corporation (EMX). On earnings-per-share growth, the picture is similar: Wheaton Precious Metals Corp. grew EPS 181. 2% year-over-year, compared to 28. 0% for EMX Royalty Corporation. Over a 3-year CAGR, EMX leads at 54. 4% 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 -13. 8% for EMX Royalty 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 4. 0% for EMX. 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, Agnico Eagle Mines Limited (AEM) is the more undervalued stock at a PEG of 0. 40x versus Royal Gold, Inc. 's 2. 51x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Newmont Corporation (NEM) trades at 10. 9x forward P/E versus 45. 0x for EMX Royalty Corporation — 34. 1x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for EMX: 38. 2% to $5. 75.

In this comparison, NEM (0.

9% yield), AEM (0. 8% yield), RGLD (0. 7% yield), WPM (0. 5% yield) pay a dividend. EMX does not pay a meaningful dividend and should not be held primarily for income.

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), 0. 5% yield, +649. 6% 10Y return). Both have compounded well over 10 years (WPM: +649. 6%, EMX: +429. 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.

NEM, AEM, RGLD, WPM pay a dividend while EMX does not, making them suitable for different income and tax situations. 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.