AGNICO EAGLE MINES LIMITED vs WHEATON PRECIOUS METALS CORP., two Mining stocks. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Neither miner's production growth prints here, but the models say where growth comes from: Agnico Eagle grows by developing mines, Wheaton Precious Metals by writing checks for streams on other companies' output, and the streaming model's economics glitter accordingly: a 63.6% net margin and 68.3% operating margin against the operator's 37.5% net. The market pays double for the no-shovel version, 35 times earnings against 17.7. Returns nearly tie, 16.9% against 18% on equity, which is the quiet argument for the operator: similar capital returns at half the price, plus actual leverage to discoveries. Both debt-free, both cash-generative; the premium buys insulation from cost inflation, and it is not small.
Comparison updated 2026-07-10.
| Metric | AEM | WPM |
|---|---|---|
| Price | $157.18 | $113.45 |
| Market cap | $78.9B | $51.5B |
| Sector | Mining | Mining |
| Stage | Cyclical | Cyclical |
| P/E | 17.7 | 35.0 |
| P/B | 3.19 | 5.93 |
| P/S | 6.63 | 22.25 |
| EV/EBITDA | — | 31.8 |
| Revenue growth | +33.1% | +22.7% |
| Gross margin | — | 72.2% |
| Operating margin | — | 68.3% |
| Net margin | 37.5% | 63.6% |
| Return on equity | 18.0% | 16.9% |
| Return on assets | 12.9% | 16.1% |
| Return on invested capital | — | 15.8% |
| FCF yield | 5.6% | 3.7% |
| Dividend yield | 0.4% | — |
| Debt / equity | 0.00 | 0.00 |
| Current ratio | 2.02 | 7.78 |
| Altman Z (solvency) | 5.52 | 7.68 |
| Piotroski F (quality) | 8 / 9 | 8 / 9 |
Each week boothcheck ranks the stocks whose prices are betting on the most. Read the most stretched bets archive →
boothcheck is also on Android. Get the app on Google Play →
The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.