Fortuna Mining (FSM) 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
Fortuna Mining (FSM) has outperformed OR Royalties (OR) over the past year, gaining 13.1% versus a loss of 16.0%. Over five years, OR leads with a +177.9% price change compared with +130.7% for FSM. OR Royalties is the larger company by market cap ($6.41 billion vs $3.14 billion), about 2.0 times the size.
On valuation, Fortuna Mining trades at a lower forward P/E (6.2x vs 24.7x for OR Royalties). OR Royalties pays a dividend yielding 0.67%, while Fortuna Mining does not currently pay one. OR Royalties converts more of its revenue into profit, with a net margin of 74.3% versus 30.4%.
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 | FSM | OR |
|---|---|---|
| Share price | $10.61 | $34.18 |
| Market cap | $3.14B | $6.41B |
| 1-day change | +4.84% | +0.77% |
| YTD return | +8.15% | -3.42% |
| 1-year return | +13.11% | -16.04% |
| 5-year return | +130.65% | +177.89% |
| P/E ratio (TTM) | 9.07 | 22.64 |
| Forward P/E | 6.18 | 24.70 |
| EPS (TTM) | $1.17 | $1.51 |
| Dividend yield | 0.00% | 0.67% |
| Annual dividend | $0.00 | $0.23 |
| Revenue (latest FY) | $947.06M | $277.37M |
| Revenue growth (YoY) | +39.84% | +45.10% |
| Net income (latest FY) | $287.47M | $206.09M |
| Gross margin | 49.30% | 83.82% |
| Operating margin | 43.12% | 70.94% |
| Net margin | 30.35% | 74.30% |
| 52-week high | $13.85 | $48.06 |
| 52-week low | $7.69 | $27.54 |
| Distance from 52-week high | -23.39% | -28.88% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +36.66% | +25.80% |
| Average volume | 5.49M | 954.40K |
| Shares outstanding | 295.96M | 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
- OR Royalties is about 2.0 times larger than Fortuna Mining by market value ($6.41B vs $3.14B).
- FSM has outperformed OR by 29.2 percentage points over the past year.
- OR Royalties trades at a higher earnings multiple (22.6x vs 9.1x trailing P/E).
- OR Royalties is more profitable, keeping 74.3 cents of every revenue dollar as net income versus 30.4 cents for Fortuna Mining.
- OR Royalties grew revenue faster in its latest fiscal year (+45.10% vs +39.84%).
About Fortuna Mining
FSM stock →Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal.
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
FSM vs OR FAQ
Which is bigger, Fortuna Mining or OR Royalties?
OR Royalties (OR) is larger, with a market capitalization of $6.41B compared with $3.14B for Fortuna Mining (FSM).
Which stock has performed better over the past year, FSM or OR?
FSM returned +13.11% 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, FSM or OR?
FSM has the lower trailing P/E at 9.1, versus 22.6 for OR. 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, Fortuna Mining or OR Royalties?
OR Royalties pays a dividend yielding 0.67%, while Fortuna Mining does not currently pay a regular dividend.
Are Fortuna Mining and OR Royalties in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.