As Gold surges toward the psychological $4,700 mark, hitting an all-time high of $4,640.13, two major royalty and streaming companies are flashing warning signs.

Gold Rally Creates Valuation Paradox

While Franco-Nevada Corp. (NYSE:FNV) and Osisko Gold Royalties (NYSE:OR) are riding the precious metal's momentum, their stock prices have risen so sharply that they are now considered significantly overvalued relative to their fundamentals.

According to Benzinga Edge data, the “Value” scores for both companies—which measure a stock’s worth by comparing market price to assets, earnings, and sales—have collapsed into the bottom 10th percentile this week.

Value Rankings ...