TFPM vs OR vs WPM vs RGLD

For growth investors, Wheaton Precious Metals Corp.

(WPM) is the stronger pick with 83. 3% revenue growth year-over-year, versus 44. 6% for Royal Gold, Inc. (RGLD). Triple Flag Precious Metals Corp. (TFPM) offers the better valuation at 27. 8x trailing P/E (22. 7x forward), making it the more compelling value choice. Analysts rate Triple Flag Precious Metals Corp. (TFPM) a "Buy" — based on 4 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, Triple Flag Precious Metals Corp.

(TFPM) is the cheapest at 27. 8x versus Wheaton Precious Metals Corp. at 42. 2x. On forward P/E, OR Royalties Inc. is actually cheaper at 18. 2x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: OR Royalties Inc. wins at 0. 29x versus Royal Gold, Inc. 's 2. 62x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Triple Flag Precious Metals Corp.

(TFPM) delivered a total return of +276. 1%, compared to +107. 5% for Royal Gold, Inc. (RGLD). Over 10 years, the gap is even starker: WPM returned +689. 7% versus OR's +224. 9%. 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), Triple Flag Precious Metals Corp.

(TFPM) is the lower-risk stock at 0. 61β versus Wheaton Precious Metals Corp. 's 0. 78β — meaning WPM is approximately 27% more volatile than TFPM relative to the S&P 500. On balance sheet safety, Wheaton Precious Metals Corp. (WPM) carries a lower debt/equity ratio of 0% versus 13% for Royal Gold, Inc. — 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 44. 6% for Royal Gold, Inc. (RGLD). On earnings-per-share growth, the picture is similar: Triple Flag Precious Metals Corp. grew EPS 1191% year-over-year, compared to 32. 5% for Royal Gold, Inc.. Over a 3-year CAGR, TFPM leads at 37. 6% 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.

OR Royalties Inc.

(OR) is the more profitable company, earning 74. 3% net margin versus 45. 2% for Royal Gold, Inc. — meaning it keeps 74. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OR leads at 72. 9% versus 59. 3% for TFPM. At the gross margin level — before operating expenses — OR leads at 83. 4%, 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, OR Royalties Inc. (OR) is the more undervalued stock at a PEG of 0. 29x versus Royal Gold, Inc. 's 2. 62x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, OR Royalties Inc. (OR) trades at 18. 2x forward P/E versus 25. 2x for Wheaton Precious Metals Corp. — 7. 0x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RGLD: 31. 8% to $315. 00.

All stocks in this comparison pay dividends.

Royal Gold, Inc. (RGLD) offers the highest yield at 0. 7%, versus 0. 5% for Wheaton Precious Metals Corp. (WPM).

For long-horizon retirement investors, Triple Flag Precious Metals Corp.

(TFPM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 61), 0. 7% yield, +276. 1% 10Y return). Both have compounded well over 10 years (TFPM: +276. 1%, OR: +224. 9%), 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.

TFPM, RGLD pay a dividend while OR, WPM do 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.