Is TMCR or VGZ more undervalued in 2026?

CirclFi compares The Metals Royalty Company Inc. (TMCR) and Vista Gold Corp (VGZ) using 13 institutional-grade valuation models. TMCR has a Quality of Company score of 1.7/10 while VGZ scores 5.0/10.

Which is a better buy — TMCR or VGZ?

Compare intrinsic values from 13 independent models against current market prices. CirclFi also calculates Value Trap scores. This is not financial advice — conduct your own analysis.

How do TMCR and VGZ valuations compare?

TMCR at $12.85 and VGZ at $2.41 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

TMCR vs VGZ Valuation Comparison 2026 — Intrinsic Value Analysis

TMCR

Gold and Silver Ores

The Metals Royalty Company Inc.

Quality

1.7

out of 10

Value Trap

—

Price

$12.85

Last close

Models

7/13

Active

VGZ

Gold and Silver Ores

Vista Gold Corp

Quality

5.0

out of 10

Value Trap

SAFE

Price

$2.41

Last close

Models

7/13

Active

Model-by-Model Comparison

Model	Type	TMCR Fair Value	TMCR Upside	VGZ Fair Value	VGZ Upside
Bayesian DCF	Intrinsic	$3.57	-72.2%	$0.77	-67.9%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$0.31	-97.6%	$0.54	-77.8%
PWERM	Option-Based	$12.18	-5.2%	$2.06	-14.4%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%

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TMCR vs VGZ — Which Stock Is More Undervalued?

VGZ scores higher with a 5.0/10 quality rating vs TMCR's 1.7/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing The Metals Royalty Company Inc. (TMCR) and Vista Gold Corp (VGZ) across 13 institutional-grade valuation models reveals how each company's intrinsic value stacks up against its market price. CirclFi's engine processes SEC EDGAR 10-K and 10-Q filings, FRED macroeconomic data, and GDELT news sentiment to generate independent fair value estimates daily.

TMCR currently trades at $12.85 with a QOC of 1.7/10, while VGZ trades at $2.41 with a QOC of 5.0/10.

Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN Topology), and ensemble methods (CUCE).