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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 and WPM are precious-metals royalty and streaming companies, but Franco-Nevada carries a more diversified portfolio that also includes energy and other commodities.
- Wheaton Precious Metals completed the largest precious-metals streaming deal in history in 2026, a $4.3 billion silver agreement with BHP on the Antamina mine in Peru.
- Both companies posted record revenue and cash flow in recent quarters, driven by sharply higher gold and silver prices.
- Franco-Nevada operates with a debt-free balance sheet and roughly $4.3 billion in available capital, while Wheaton holds about $2.2 billion in cash.
- Relative performance has been strong for both names, though their momentum, valuation, and catalyst profiles differ meaningfully.
Introduction
Franco-Nevada Corporation and Wheaton Precious Metals are two of the most widely followed names in the royalty and streaming sector, a segment that lets investors gain leverage to gold and silver prices without the operational risk of running mines. This stock comparison is especially relevant for investors seeking precious-metals exposure with high margins and lower capital intensity than traditional miners. In recent weeks, both stocks have benefited from elevated metal prices, record financial results, and major portfolio developments, yet their relative performance and market positioning reveal important trade-offs in diversification, growth strategy, and valuation.
FNV Overview and Recent Performance
Franco-Nevada Corporation is a royalty and streaming company with a globally diversified portfolio spanning precious metals, energy, and other commodities. Its model involves providing upfront capital to miners in exchange for a share of future production or revenue, which translates into high margins when commodity prices rise. Recent market activity has reflected this strength: FNV reported record revenue and operating cash flow in recent quarters, with first-quarter revenue climbing 77% year over year to roughly $650 million.
Sentiment has also been shaped by portfolio expansion and governance milestones. The company completed several new royalty and streaming acquisitions, received an upgrade to a top-tier MSCI ESG (Environmental, Social, and Governance) rating, and raised its quarterly dividend. A potential restart of the Cobre Panamá mine, where stream deliveries were expected to begin in the third quarter, has been a key catalyst, though the project carries ongoing regulatory uncertainty. Franco-Nevada remains debt-free with significant available capital to fund future deals.
WPM Overview and Recent Performance
Wheaton Precious Metals is a pure-play precious-metals streaming company, historically weighted toward gold and silver. Like Franco-Nevada, it purchases the right to buy future metal production at fixed, low prices, giving it strong operating leverage to higher metal prices. Recent market activity has been notable: WPM posted record quarterly revenue of about $901 million and record operating cash flow, with net earnings more than doubling year over year.
The defining development has been the $4.3 billion silver streaming agreement with BHP on the Antamina mine in Peru, the largest transaction in the company's history and in the broader streaming sector. The deal became effective in early 2026 and materially increases Wheaton's long-life silver exposure. The company raised its dividend and reaffirmed full-year production guidance, though near-term Antamina volumes have been tempered by lower silver grades and scheduled maintenance. This growth-oriented posture contrasts with Franco-Nevada's more diversified approach.
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Head-to-Head Comparison
While both companies share the royalty and streaming business model, their portfolios diverge sharply. Franco-Nevada is more diversified, with meaningful revenue from energy and other commodities in addition to gold, silver, and platinum group metals. Wheaton, by contrast, is more concentrated in gold and silver, giving it potentially higher sensitivity to precious-metals price moves but less offset from other commodity cycles.
On growth drivers, Wheaton's Antamina transaction represents a step-change in scale and long-life silver exposure, while Franco-Nevada's growth has been more incremental through a series of smaller royalty and stream acquisitions and the potential Cobre Panamá restart. In terms of recent momentum, both stocks have advanced strongly over the past year, though Wheaton carries a higher forward price-to-earnings multiple, reflecting a richer valuation relative to peers.
Risk factors also differ. Franco-Nevada faces concentration and political risk tied to assets such as Cobre Panamá, alongside exposure to commodity-price swings. Wheaton's risk profile centers on execution around a single large transaction and the operational performance of key mines such as Antamina, Salobo, and Peñasquito. Neither company operates mines directly, which limits operational risk but does not remove commodity-price volatility.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would likely lean toward FNV as the more balanced candidate in the current environment. Franco-Nevada's debt-free balance sheet, diversified revenue base, rising dividend, and multiple near-term catalysts offer a comparatively stable trend profile. That said, WPM presents a potentially higher-beta, growth-oriented alternative with its transformative Antamina deal and concentrated exposure to silver. The AI's preference would therefore be probabilistic rather than definitive, depending on whether a trader prioritizes diversification and stability or leveraged exposure to precious-metals momentum.
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's Indicator enters downward trend
The Aroon Indicator for FNV entered a downward trend on October 09, 2026. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 205 similar instances where the Aroon Indicator formed such a pattern. In 135 of the 205 cases the stock moved lower. This puts the odds of a downward move at 66%.
Technical Analysis (Indicators)
Bearish Trend Analysis
FNV moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
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 11 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 55%.
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%.
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where FNV's RSI Indicator exited the oversold zone, 12 of 24 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 50%.
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 38 of 59 cases where FNV's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 64%.
The Momentum Indicator moved above the 0 level on October 21, 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 October 21, 2026. Looking at past instances where FNV's MACD turned positive, the stock continued to rise in 34 of 48 cases over the following month. The odds of a continued upward trend are 71%.
Following a +3.69% 3-day Advance, the price is estimated to grow further. Considering data from situations where FNV advanced for three days, in 207 of 330 cases, the price rose further within the following month. The odds of a continued upward trend are 63%.
FNV may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 33 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, placing this stock better than average.
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 Price Growth Rating for this company is 50 (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 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 (5.699) is normal, around the industry mean (2.031). P/E Ratio (31.746) is within average values for comparable stocks, (-16.536). Projected Growth (PEG Ratio) (0.190) is also within normal values, averaging (2.614). Dividend Yield (0.007) settles around the average of (0.341) among similar stocks. FNV's P/S Ratio (21.645) is slightly higher than the industry average of (7.321).
The Tickeron PE Growth Rating for this company is 81 (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.
WPM saw its Stochastic Oscillator recovers from the overbought zone
The Stochastic Oscillator for WPM moved out of overbought territory on October 14, 2026. This could be a bearish sign for the stock and investors may want to consider selling or taking a defensive position. A.I.dvisor looked at 69 similar instances where the indicator exited the overbought zone. In 46 of the 69 cases the stock moved lower. This puts the odds of a downward move at 67%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on WPM as a result. In 50 of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 62%.
WPM moved below its 50-day moving average on September 28, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for WPM crossed bearishly below the 50-day moving average on October 05, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 14 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 43%.
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 63%.
The Aroon Indicator for WPM entered a downward trend on October 21, 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.
Bullish Trend Analysis
Following a +3.55% 3-day Advance, the price is estimated to grow further. Considering data from situations where WPM advanced for three days, in 249 of 335 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
WPM may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 30 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 63, 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 51 (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 Valuation Rating of 78 (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 (6.194) is normal, around the industry mean (2.031). P/E Ratio (29.267) is within average values for comparable stocks, (-16.536). Projected Growth (PEG Ratio) (0.400) is also within normal values, averaging (2.614). Dividend Yield (0.006) settles around the average of (0.341) 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 89 (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 | 8 | 61 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 73 Overvalued | 78 Overvalued | |
PROFIT vs RISK RATING 1..100 | 33 | 30 | |
SMR RATING 1..100 | 46 | 41 | |
PRICE GROWTH RATING 1..100 | 50 | 51 | |
P/E GROWTH RATING 1..100 | 81 | 89 | |
SEASONALITY SCORE 1..100 | 30 | n/a |
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 (78). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
WPM's Profit vs Risk Rating (30) in the Precious Metals industry is in the same range as FNV (33). 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 (50) in the Precious Metals industry is in the same range as WPM (51). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
FNV's P/E Growth Rating (81) in the Precious Metals industry is in the same range as WPM (89). This means that FNV’s stock grew similarly to WPM’s over the last 12 months.
| FNV | WPM | |
|---|---|---|
| RSI ODDS (%) | 1 day ago 50% | N/A |
| Stochastic ODDS (%) | 1 day ago 64% | 1 day ago 67% |
| Momentum ODDS (%) | 1 day ago 64% | 1 day ago 63% |
| MACD ODDS (%) | 1 day ago 71% | N/A |
| TrendWeek ODDS (%) | 1 day ago 64% | 1 day ago 73% |
| TrendMonth ODDS (%) | 1 day ago 61% | 1 day ago 63% |
| Advances ODDS (%) | 6 days ago 63% | 6 days ago 74% |
| Declines ODDS (%) | 2 days ago 62% | 2 days ago 63% |
| BollingerBands ODDS (%) | 1 day ago 61% | 1 day ago 80% |
| Aroon ODDS (%) | 1 day ago 66% | 1 day ago 61% |
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 6 TA indicator(s) are bullish while WPM’s TA Score has 2 bullish TA indicator(s).
- FNV’s TA Score: 6 bullish, 4 bearish.
- WPM’s TA Score: 2 bullish, 6 bearish.
Price Growth
FNV (@Precious Metals) experienced а +3.59% price change this week, while WPM (@Precious Metals) price change was +2.00% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +3.76%. For the same industry, the average monthly price growth was -12.53%, and the average quarterly price growth was -10.74%.
Reported Earning Dates
FNV is expected to report earnings on Nov 11, 2026.
WPM is expected to report earnings on Nov 05, 2026.
Industries' Descriptions
@Precious Metals (+3.76% 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% | +0.72% | ||
| AEM - WPM | 93% Closely correlated | +0.60% | ||
| FNV - WPM | 90% Closely correlated | +0.98% | ||
| PAAS - WPM | 90% Closely correlated | -1.45% | ||
| KGC - WPM | 90% Closely correlated | +0.76% | ||
| RGLD - WPM | 90% Closely correlated | +1.35% | ||
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