Harmony Gold Mining (HMY) 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
Harmony Gold Mining (HMY) has outperformed OR Royalties (OR) over the past year, losing 10.5% versus a loss of 16.0%. Over five years, HMY leads with a +336.3% price change compared with +177.9% for OR. Harmony Gold Mining is the larger company by market cap ($10.56 billion vs $6.52 billion), about 1.6 times the size, while OR Royalties is growing revenue faster (+45.1% vs +11.9%).
On valuation, Harmony Gold Mining trades at a lower forward P/E (5.1x vs 25.1x for OR Royalties). Harmony Gold Mining offers the higher dividend yield (75.87% vs 0.66%). OR Royalties converts more of its revenue into profit, with a net margin of 74.3% versus -20.3%.
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 | HMY | OR |
|---|---|---|
| Share price | $16.87 | $34.78 |
| Market cap | $10.56B | $6.52B |
| 1-day change | +3.00% | +1.76% |
| YTD return | -15.38% | -3.42% |
| 1-year return | -10.47% | -16.04% |
| 5-year return | +336.27% | +177.89% |
| P/E ratio (TTM) | 6.16 | 23.03 |
| Forward P/E | 5.11 | 25.14 |
| EPS (TTM) | $2.74 | $1.51 |
| Dividend yield | 75.87% | 0.66% |
| Annual dividend | $12.80 | $0.23 |
| Revenue (latest FY) | $1.58B | $277.37M |
| Revenue growth (YoY) | +11.86% | +45.10% |
| Net income (latest FY) | $-321.00M | $206.09M |
| Gross margin | -13.64% | 83.82% |
| Operating margin | -21.15% | 70.94% |
| Net margin | -20.27% | 74.30% |
| 52-week high | $26.06 | $48.06 |
| 52-week low | $13.03 | $27.54 |
| Distance from 52-week high | -35.26% | -27.63% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +31.54% | +23.63% |
| Average volume | 3.55M | 954.40K |
| Shares outstanding | 626.11M | 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 trades at a higher earnings multiple (23.0x vs 6.2x trailing P/E).
- Harmony Gold Mining offers a meaningfully higher dividend yield (75.87% vs 0.66%).
- OR Royalties is more profitable, keeping 74.3 cents of every revenue dollar as net income versus -20.3 cents for Harmony Gold Mining.
- OR Royalties grew revenue faster in its latest fiscal year (+45.10% vs +11.86%).
About Harmony Gold Mining
HMY stock →Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits.
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
HMY vs OR FAQ
Which is bigger, Harmony Gold Mining or OR Royalties?
Harmony Gold Mining (HMY) is larger, with a market capitalization of $10.56B compared with $6.52B for OR Royalties (OR).
Which stock has performed better over the past year, HMY or OR?
HMY returned -10.47% 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, HMY or OR?
HMY has the lower trailing P/E at 6.2, versus 23.0 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, Harmony Gold Mining or OR Royalties?
Harmony Gold Mining has the higher yield at 75.87%, compared with 0.66% for OR Royalties.
Are Harmony Gold Mining and OR Royalties in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.