OR Royalties (OR) vs Pan American Silver (PAAS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Pan American Silver (PAAS) has outperformed OR Royalties (OR) over the past year, gaining 13.9% versus a loss of 16.0%. Over five years, OR leads with a +177.9% price change compared with +80.0% for PAAS. Pan American Silver is the larger company by market cap ($18.79 billion vs $6.41 billion), about 2.9 times the size, while OR Royalties is growing revenue faster (+45.1% vs +28.4%).
On valuation, Pan American Silver trades at a lower forward P/E (9.9x vs 24.7x for OR Royalties). Pan American Silver offers the higher dividend yield (1.37% vs 0.67%). OR Royalties converts more of its revenue into profit, with a net margin of 74.3% versus 27.1%.
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 | OR | PAAS |
|---|---|---|
| Share price | $34.18 | $45.31 |
| Market cap | $6.41B | $18.79B |
| 1-day change | +0.77% | +2.16% |
| YTD return | -3.42% | -12.55% |
| 1-year return | -16.04% | +13.87% |
| 5-year return | +177.89% | +80.02% |
| P/E ratio (TTM) | 22.64 | 13.41 |
| Forward P/E | 24.70 | 9.88 |
| EPS (TTM) | $1.51 | $3.38 |
| Dividend yield | 0.67% | 1.37% |
| Annual dividend | $0.23 | $0.62 |
| Revenue (latest FY) | $277.37M | $3.62B |
| Revenue growth (YoY) | +45.10% | +28.38% |
| Net income (latest FY) | $206.09M | $980.00M |
| Gross margin | 83.82% | 38.82% |
| Operating margin | 70.94% | 34.07% |
| Net margin | 74.30% | 27.08% |
| 52-week high | $48.06 | $69.99 |
| 52-week low | $27.54 | $33.08 |
| Distance from 52-week high | -28.88% | -35.26% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +25.80% | +42.42% |
| Average volume | 954.40K | 4.02M |
| Shares outstanding | 187.50M | 414.62M |
| Employees | — | 9,348 |
| 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
- Pan American Silver is about 2.9 times larger than OR Royalties by market value ($18.79B vs $6.41B).
- PAAS has outperformed OR by 29.9 percentage points over the past year.
- OR Royalties trades at a higher earnings multiple (22.6x vs 13.4x trailing P/E).
- OR Royalties is more profitable, keeping 74.3 cents of every revenue dollar as net income versus 27.1 cents for Pan American Silver.
- OR Royalties grew revenue faster in its latest fiscal year (+45.10% vs +28.38%).
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
About Pan American Silver
PAAS stock →Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala.
Basic Materials · Precious Metals · 9,348 employees
OR vs PAAS FAQ
Which is bigger, OR Royalties or Pan American Silver?
Pan American Silver (PAAS) is larger, with a market capitalization of $18.79B compared with $6.41B for OR Royalties (OR).
Which stock has performed better over the past year, OR or PAAS?
PAAS returned +13.87% 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, OR or PAAS?
PAAS has the lower trailing P/E at 13.4, 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, OR Royalties or Pan American Silver?
Pan American Silver has the higher yield at 1.37%, compared with 0.67% for OR Royalties.
Are OR Royalties and Pan American Silver in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.