Pan American Silver (PAAS) vs Royal Gold (RGLD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
Royal Gold (RGLD) has outperformed Pan American Silver (PAAS) over the past year, gaining 22.6% versus a gain of 20.0%. Over five years, RGLD leads with a +138.7% price change compared with +83.8% for PAAS. Royal Gold is the larger company by market cap ($20.02 billion vs $19.18 billion), about 1.0 times the size.
On valuation, Pan American Silver trades at a lower forward P/E (10.1x vs 18.4x for Royal Gold). Pan American Silver offers the higher dividend yield (1.34% vs 0.40%). Royal Gold converts more of its revenue into profit, with a net margin of 45.2% 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 | PAAS | RGLD |
|---|---|---|
| Share price | $46.27 | $236.23 |
| Market cap | $19.18B | $20.02B |
| 1-day change | +2.12% | +2.18% |
| YTD return | -10.69% | +6.27% |
| 1-year return | +20.03% | +22.57% |
| 5-year return | +83.83% | +138.71% |
| P/E ratio (TTM) | 13.69 | 26.16 |
| Forward P/E | 10.13 | 18.37 |
| EPS (TTM) | $3.38 | $9.03 |
| Dividend yield | 1.34% | 0.40% |
| Annual dividend | $0.62 | $0.95 |
| Revenue (latest FY) | $3.62B | $1.03B |
| Revenue growth (YoY) | +28.38% | +43.24% |
| Net income (latest FY) | $980.00M | $466.28M |
| Gross margin | 38.82% | 69.32% |
| Operating margin | 34.07% | 61.93% |
| Net margin | 27.08% | 45.25% |
| 52-week high | $69.99 | $306.25 |
| 52-week low | $33.08 | $168.88 |
| Distance from 52-week high | -33.89% | -22.86% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +39.46% | +31.16% |
| Average volume | 4.02M | 685.49K |
| Shares outstanding | 414.62M | 84.73M |
| Employees | 9,348 | 39 |
| Sector | Basic Materials | Industrials |
| 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
- Royal Gold trades at a higher earnings multiple (26.2x vs 13.7x trailing P/E).
- Royal Gold is more profitable, keeping 45.2 cents of every revenue dollar as net income versus 27.1 cents for Pan American Silver.
- Royal Gold grew revenue faster in its latest fiscal year (+43.24% vs +28.38%).
- The two companies sit in different sectors: Pan American Silver in Basic Materials and Royal Gold in Industrials.
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
About Royal Gold
RGLD stock →Royal Gold, Inc., together with its subsidiaries, acquires and manages precious metal streams, royalties, and related interests in North America, South and Central America, Europe, the Middle East, Africa, and the Australia Pacific. It operates through Acquisition and Management of Stream Interests and Acquisition and Management of Royalty Interests segments.
Industrials · Precious Metals · 39 employees
PAAS vs RGLD FAQ
Which is bigger, Pan American Silver or Royal Gold?
Royal Gold (RGLD) is larger, with a market capitalization of $20.02B compared with $19.18B for Pan American Silver (PAAS).
Which stock has performed better over the past year, PAAS or RGLD?
RGLD returned +22.57% over the past 12 months, compared with +20.03% for PAAS (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, PAAS or RGLD?
PAAS has the lower trailing P/E at 13.7, versus 26.2 for RGLD. 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, Pan American Silver or Royal Gold?
Pan American Silver has the higher yield at 1.34%, compared with 0.40% for Royal Gold.
Are Pan American Silver and Royal Gold in the same industry?
Yes. Both are classified in the Precious Metals industry within the Basic Materials sector.