Is USGO or WPM more undervalued in 2026?

CirclFi compares U.S. GoldMining Inc. (USGO) and Wheaton Precious Metals Corp (WPM) using 13 institutional-grade valuation models. USGO has a Quality of Company score of 5.5/10 while WPM scores 2.1/10.

Which is a better buy — USGO or WPM?

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 USGO and WPM valuations compare?

USGO at $10.20 and WPM at $132.60 are compared across Bayesian DCF, EPV, EROIC Spread, First Chicago, Markov DDM, and 8 additional models.

USGO vs WPM Valuation Comparison 2026 — Intrinsic Value Analysis

USGO

Gold and Silver Ores

U.S. GoldMining Inc.

Quality

5.5

out of 10

Value Trap

—

Price

$10.20

Last close

Models

8/13

Active

WPM

Gold and Silver Ores

Wheaton Precious Metals Corp

Quality

2.1

out of 10

Value Trap

—

Price

$132.60

Last close

Models

13/13

Active

Model-by-Model Comparison

Model	Type	USGO Fair Value	USGO Upside	WPM Fair Value	WPM Upside
Bayesian DCF	Intrinsic	$3.18	-68.9%	$51.85	-60.9%
Earnings Power Value	Intrinsic	—	—	$23.69	-82.4%
EROIC Spread	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
First Chicago	Scenario	$•••.••	••.•%	$•••.••	••.•%
Markov DDM	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
ML-RIV	Intrinsic	$•••.••	••.•%	$•••.••	••.•%
Dynamic NAV	Asset-Based	$0.58	-94.3%	$9.57	-92.8%
PWERM	Option-Based	$•••.••	••.•%	$•••.••	••.•%
Regime Cross-Sectional	Relative	$•••.••	••.•%	$•••.••	••.•%
Sentiment SOTP	Hybrid	$•••.••	••.•%	$•••.••	••.•%
CUCE Ensemble	Ensemble	$•••.••	••.•%	$•••.••	••.•%
FTNN Topology	Relative	$•••.••	••.•%	$•••.••	••.•%
RCMH-DCF	Intrinsic	$•••.••	••.•%	$•••.••	••.•%

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USGO vs WPM — Which Stock Is More Undervalued?

USGO scores higher with a 5.5/10 quality rating vs WPM's 2.1/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

Comparing U.S. GoldMining Inc. (USGO) and Wheaton Precious Metals Corp (WPM) 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.

USGO currently trades at $10.20 with a QOC of 5.5/10, while WPM trades at $132.60 with a QOC of 2.1/10.

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).