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FNV vs WPM
Which Stock Would AI Choose? Franco-Nevada (FNV) vs. Wheaton Precious Metals (WPM) Stock Comparison
Key Takeaways
- Both FNV (Franco-Nevada) and WPM (Wheaton Precious Metals) are precious-metals royalty and streaming companies that have posted sharply higher revenue on the back of record gold and silver prices.
- FNV offers the more diversified, debt-free model with meaningful energy exposure, while WPM carries higher pure silver and gold leverage and a more concentrated growth catalyst set.
- Recent momentum has favored WPM, which delivered record quarterly results and completed a $4.3 billion Antamina silver stream, the largest deal in its history.
- Tickeron AI Verdict: Based on trend consistency, relative momentum, and catalyst strength, Tickeron's AI currently favors WPM over FNV.
- For more detail on each company's latest developments and daily trading activity, explore the FNV Major News and FNV Today's Price Move pages, as well as the WPM Major News and WPM Today's Price Move pages.
- To see how AI trading systems are positioning across the market, explore Trending AI Robots.
Introduction
Investors seeking exposure to precious metals without the operational and cost risks of traditional miners often turn to royalty and streaming companies, which provide financing to mine operators in exchange for a share of future production at a fixed cost. This stock comparison examines two of the sector's largest players: FNV (Franco-Nevada Corporation) and WPM (Wheaton Precious Metals Corp.). Both have benefited from a historic run in gold and silver prices, yet they differ meaningfully in diversification, balance-sheet structure, and growth drivers. Understanding these contrasts in relative performance and market positioning can help traders and long-term investors determine which profile better fits a rising or volatile metals environment.
FNV Overview and Recent Performance
FNV (Franco-Nevada Corporation) is the sector's leading gold-focused royalty and streaming company, holding a large and diversified portfolio of cash-flow-producing assets while remaining debt-free. Its model also includes a notable energy component through oil and gas royalties, which reduces its dependence on any single commodity. In recent quarters, FNV reported record first-quarter results, with revenue rising sharply on higher metals prices and contributions from recently acquired assets, and reiterated its 2026 gold-equivalent-ounce (GEO) sales guidance of 510,000 to 570,000 ounces while tracking toward the upper half of that range. Sentiment has also been shaped by progress at Cobre Panamá, where regulators approved processing of stockpiled ore, a development that could add stream deliveries beginning in the second half of the year. The shares have outperformed the broader S&P 500 over the trailing year, supported by a low beta (a measure of price volatility relative to the market) and a consistent dividend record.
WPM Overview and Recent Performance
WPM (Wheaton Precious Metals Corp.) is one of the world's largest precious-metals streaming companies, generating revenue without operating a single mine. In recent quarters it reported record revenue, net earnings, and operating cash flow, with a revenue mix heavily weighted toward gold and silver, and margins expanding faster than the underlying rise in metals prices. A defining catalyst was the completion of a $4.3 billion silver streaming agreement with BHP at the Antamina mine in Peru, the largest transaction in the company's history, which lifts its share of Antamina silver production to 67.5% for the life of the mine. WPM also raised its quarterly dividend and added new streams in Australia and Canada, broadening its geographic diversification. The stock has delivered strong one-year and five-year gains, and recent analyst activity has remained broadly constructive, though the company now carries a modest pro forma net debt position after funding the Antamina deal.
Trending AI Robots
Tickeron's Trending AI Robots page highlights a curated selection of AI trading bots chosen for their suitability to current market conditions. While Tickeron offers hundreds of AI trading bots that monitor and trade thousands of different tickers, only a select group earns a place in this featured section. These bots differ considerably in trading style, strategy, timeframe, performance history, and the specific set of tickers they trade, giving investors a range of approaches to evaluate. The collection is updated to reflect shifting market regimes, so the featured systems are intended to align with prevailing trends rather than lagging conditions. Investors comparing names such as FNV and WPM can use these tools to complement their own research on momentum and positioning. Explore Trending AI Robots to review the current lineup and performance metrics.
Head-to-Head Comparison
Although both companies operate royalty and streaming models, their profiles differ in several important ways. FNV is more diversified, pairing precious-metals royalties with an energy portfolio and maintaining a debt-free balance sheet, which historically contributes to lower volatility. WPM, by contrast, offers more concentrated, higher-octane exposure to gold and silver, with its recent Antamina transaction meaningfully increasing silver leverage and long-term growth optionality, while introducing a modest amount of debt. In terms of recent momentum, WPM has posted stronger headline growth metrics and a more transformative catalyst pipeline, whereas FNV has emphasized steady execution, diversification, and capital flexibility. Risk profiles also diverge: FNV faces commodity and asset-level variability alongside Cobre Panamá uncertainty, while WPM carries concentration risk around key mines such as Salobo, Peñasquito, and Antamina, plus the integration and financing considerations of a large-scale deal.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely favor WPM over FNV in the current environment. The reasoning centers on stronger recent momentum, record-setting financial results, and a catalytic, portfolio-transforming transaction that meaningfully expands long-term silver exposure at a time of elevated silver prices. Trend consistency and the breadth of recent analyst support further reinforce that positioning. That said, the preference is probabilistic rather than definitive: FNV retains advantages in balance-sheet strength, diversification, and lower volatility, which may appeal more in a risk-off or commodity-pullback scenario. The relative outlook ultimately depends on how metals prices, mine-level execution, and new deal flow evolve in the coming quarters.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
Franco-Nevada Corp. (FNV) and Wheaton Precious Metals (WPM) are midstream precious metal companies based in Canada which primarily focus on gold, but WPM also generates a large percentage of its revenue from silver, and FNV is slightly more diversified with an oil and gas segment. FNV boasts no debt on their balance sheet, while WPM has very little ($3M) in comparison to its cash on hand ($235M). They have each acquired the rights to acquire and distribute the metals produced at various mines without being responsible for any mining themselves, through precious metals purchase agreements (PMPA’s). They also receive a percentage of royalties on other mining operations. The companies are comparable in size, with FNV being slightly larger at $28B market cap, and their revenue is practically the same at $1.25B in the past year as of the time of this writing. FNV’s margins and ROE look slightly better than WPM’s, but analysts appear optimistic about both companies.
FNV in upward trend: price rose above 50-day moving average on November 05, 2026
FNV moved above its 50-day moving average on November 05, 2026 date and that indicates a change from a downward trend to an upward trend. In 30 of 37 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 81%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 05, 2026. You may want to consider a long position or call options on FNV as a result. In 50 of 78 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 64%.
The Moving Average Convergence Divergence (MACD) for FNV just turned positive on November 04, 2026. Looking at past instances where FNV's MACD turned positive, the stock continued to rise in 30 of 46 cases over the following month. The odds of a continued upward trend are 65%.
Following a +5.09% 3-day Advance, the price is estimated to grow further. Considering data from situations where FNV advanced for three days, in 204 of 328 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
The 10-day moving average for FNV crossed bearishly below the 50-day moving average on October 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 14 of 20 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 70%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FNV declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
FNV broke above its upper Bollinger Band on November 05, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for FNV entered a downward trend on October 09, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 28 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron Price Growth Rating for this company is 42 (best 1 - 100 worst), indicating steady price growth. FNV’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 46 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 70 (best 1 - 100 worst), pointing to slightly better than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 73 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (5.967) is normal, around the industry mean (2.121). P/E Ratio (33.240) is within average values for comparable stocks, (-12.498). Projected Growth (PEG Ratio) (0.190) is also within normal values, averaging (2.614). Dividend Yield (0.007) settles around the average of (0.330) among similar stocks. FNV's P/S Ratio (21.645) is slightly higher than the industry average of (7.321).
WPM in +8.67% Uptrend, advancing for three consecutive days on November 09, 2026
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where WPM advanced for three days, in 244 of 330 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where WPM's RSI Oscillator exited the oversold zone, 17 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 74%.
The Momentum Indicator moved above the 0 level on November 05, 2026. You may want to consider a long position or call options on WPM as a result. In 59 of 80 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 74%.
The Moving Average Convergence Divergence (MACD) for WPM just turned positive on November 04, 2026. Looking at past instances where WPM's MACD turned positive, the stock continued to rise in 37 of 52 cases over the following month. The odds of a continued upward trend are 71%.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
WPM moved below its 50-day moving average on November 10, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where WPM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 64%.
WPM broke above its upper Bollinger Band on November 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for WPM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 27 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 64, placing this stock better than average.
The Tickeron SMR rating for this company is 41 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 44 (best 1 - 100 worst), indicating steady price growth. WPM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Valuation Rating of 77 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (6.388) is normal, around the industry mean (2.121). P/E Ratio (30.184) is within average values for comparable stocks, (-12.498). Projected Growth (PEG Ratio) (0.400) is also within normal values, averaging (2.614). Dividend Yield (0.006) settles around the average of (0.330) among similar stocks. WPM's P/S Ratio (21.053) is slightly higher than the industry average of (7.321).
The Tickeron PE Growth Rating for this company is 83 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
FNV | WPM | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 33 | 35 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 73 Overvalued | 77 Overvalued | |
PROFIT vs RISK RATING 1..100 | 28 | 27 | |
SMR RATING 1..100 | 46 | 41 | |
PRICE GROWTH RATING 1..100 | 42 | 44 | |
P/E GROWTH RATING 1..100 | 70 | 83 | |
SEASONALITY SCORE 1..100 | n/a | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
FNV's Valuation (73) in the Precious Metals industry is in the same range as WPM (77). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
WPM's Profit vs Risk Rating (27) in the Precious Metals industry is in the same range as FNV (28). This means that WPM’s stock grew similarly to FNV’s over the last 12 months.
WPM's SMR Rating (41) in the Precious Metals industry is in the same range as FNV (46). This means that WPM’s stock grew similarly to FNV’s over the last 12 months.
FNV's Price Growth Rating (42) in the Precious Metals industry is in the same range as WPM (44). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
FNV's P/E Growth Rating (70) in the Precious Metals industry is in the same range as WPM (83). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
| FNV | WPM | |
|---|---|---|
| RSI ODDS (%) | N/A | 1 day ago 74% |
| Stochastic ODDS (%) | 1 day ago 66% | 1 day ago 65% |
| Momentum ODDS (%) | 1 day ago 64% | 1 day ago 74% |
| MACD ODDS (%) | 1 day ago 65% | 1 day ago 71% |
| TrendWeek ODDS (%) | 1 day ago 64% | 1 day ago 73% |
| TrendMonth ODDS (%) | 1 day ago 63% | 1 day ago 64% |
| Advances ODDS (%) | 3 days ago 62% | 3 days ago 74% |
| Declines ODDS (%) | 13 days ago 62% | 13 days ago 64% |
| BollingerBands ODDS (%) | 1 day ago 63% | 1 day ago 57% |
| Aroon ODDS (%) | 1 day ago 63% | 1 day ago 70% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
FNV’s FA Score shows that 1 FA rating(s) are green while WPM’s FA Score has 1 green FA rating(s).
- FNV’s FA Score: 1 green, 4 red.
- WPM’s FA Score: 1 green, 4 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
FNV’s TA Score shows that 4 TA indicator(s) are bullish while WPM’s TA Score has 4 bullish TA indicator(s).
- FNV’s TA Score: 4 bullish, 5 bearish.
- WPM’s TA Score: 4 bullish, 5 bearish.
Price Growth
FNV (@Precious Metals) experienced а +13.19% price change this week, while WPM (@Precious Metals) price change was +16.35% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +11.17%. For the same industry, the average monthly price growth was -6.67%, and the average quarterly price growth was -12.73%.
Reported Earning Dates
FNV is expected to report earnings on Nov 11, 2026.
WPM is expected to report earnings on Mar 11, 2027.
Industries' Descriptions
@Precious Metals (+11.17% weekly)The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.
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FNV and
Correlation & Price change
A.I.dvisor indicates that over the last year, FNV has been closely correlated with WPM. These tickers have moved in lockstep 90% of the time. This A.I.-generated data suggests there is a high statistical probability that if FNV jumps, then WPM could also see price increases.
WPM and
Correlation & Price change
A.I.dvisor indicates that over the last year, WPM has been closely correlated with AEM. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if WPM jumps, then AEM could also see price increases.
| Ticker / NAME | Correlation To WPM | 1D Price Change % | ||
|---|---|---|---|---|
| WPM | 100% | -5.09% | ||
| AEM - WPM | 93% Closely correlated | -5.15% | ||
| FNV - WPM | 90% Closely correlated | -2.91% | ||
| B - WPM | 90% Closely correlated | -6.10% | ||
| PAAS - WPM | 90% Closely correlated | -5.83% | ||
| RGLD - WPM | 90% Closely correlated | -2.86% | ||
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