Equinox Gold (EQX) vs OR Royalties (OR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Equinox Gold (EQX) has outperformed OR Royalties (OR) over the past year, losing 7.9% versus a loss of 16.0%. Over five years, OR leads with a +177.9% price change compared with +40.6% for EQX. Equinox Gold is the larger company by market cap ($13.17 billion vs $6.48 billion), about 2.0 times the size.
On valuation, Equinox Gold trades at a lower forward P/E (7.7x vs 25.0x for OR Royalties). OR Royalties offers the higher dividend yield (0.67% vs 0.27%). OR Royalties converts more of its revenue into profit, with a net margin of 74.3% versus 12.2%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | EQX | OR |
|---|---|---|
| Share price | $11.29 | $34.58 |
| Market cap | $13.17B | $6.48B |
| 1-day change | +1.48% | +1.17% |
| YTD return | -20.80% | -3.42% |
| 1-year return | -7.87% | -16.04% |
| 5-year return | +40.58% | +177.89% |
| P/E ratio (TTM) | 23.51 | 22.90 |
| Forward P/E | 7.65 | 24.99 |
| EPS (TTM) | $0.48 | $1.51 |
| Dividend yield | 0.27% | 0.67% |
| Annual dividend | $0.03 | $0.23 |
| Revenue (latest FY) | $1.82B | $277.37M |
| Revenue growth (YoY) | +99.07% | +45.10% |
| Net income (latest FY) | $221.47M | $206.09M |
| Gross margin | 35.38% | 83.82% |
| Operating margin | 23.79% | 70.94% |
| Net margin | 12.19% | 74.30% |
| 52-week high | $18.96 | $48.06 |
| 52-week low | $8.49 | $27.54 |
| Distance from 52-week high | -40.48% | -28.05% |
| Analyst consensus | strong_buy | buy |
| Avg. price target upside | +24.06% | +24.35% |
| Average volume | 13.48M | 954.40K |
| Shares outstanding | 1.17B | 187.50M |
| Sector | Basic Materials | Basic Materials |
| Industry | Precious Metals | Precious Metals |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Equinox Gold is about 2.0 times larger than OR Royalties by market value ($13.17B vs $6.48B).
- OR Royalties is more profitable, keeping 74.3 cents of every revenue dollar as net income versus 12.2 cents for Equinox Gold.
- Equinox Gold grew revenue faster in its latest fiscal year (+99.07% vs +45.10%).
About Equinox Gold
EQX stock →Equinox Gold Corp. engages in the acquisition, exploration, development, and operation of mineral properties in the Americas.
Basic Materials · Precious Metals
About OR Royalties
OR stock →OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally.
Basic Materials · Precious Metals
EQX vs OR FAQ
Which is bigger, Equinox Gold or OR Royalties?
Equinox Gold (EQX) is larger, with a market capitalization of $13.17B compared with $6.48B for OR Royalties (OR).
Which stock has performed better over the past year, EQX or OR?
EQX returned -7.87% over the past 12 months, compared with -16.04% for OR (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, EQX or OR?
OR has the lower trailing P/E at 22.9, versus 23.5 for EQX. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Equinox Gold or OR Royalties?
OR Royalties has the higher yield at 0.67%, compared with 0.27% for Equinox Gold.
Are Equinox Gold and OR Royalties in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.