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AEM vs OR
Which Stock Would AI Choose? Agnico Eagle Mines (AEM) vs. Osisko Gold Royalties (OR) Stock Comparison
Key Takeaways
- AEM (Agnico Eagle Mines) is a senior gold producer with mines in Canada, Australia, Finland, and Mexico, while OR (Osisko Gold Royalties, now OR Royalties Inc.) is a capital-light precious metals royalty and streaming company.
- The two stocks are structurally linked: OR's cornerstone asset is a 3–5% net smelter return (NSR) royalty on AEM's Canadian Malartic complex, one of the world's largest gold mines.
- AEM has generated record free cash flow and is returning capital through dividend increases and share buybacks, supported by elevated realized gold prices.
- OR posts roughly 96–97% cash margins, but recent revenue growth has been driven largely by higher metal prices rather than growth in attributable ounces.
- AEM offers direct operational leverage to gold, while OR offers a diversified, asset-light royalty model with lower production risk but near-term exposure to output cuts at Canadian Malartic.
- For additional color on these names, explore AEM Major News and AEM Today's Price Move, as well as OR Major News and OR Today's Price Move.
- Investors looking for data-driven signals can also explore Trending AI Robots to see how automated strategies are positioning across the market.
Introduction
Gold-focused equities have been in the spotlight recently as precious metals prices trade near historically elevated levels, making comparisons between different business models especially relevant. AEM and OR offer two distinct ways to gain exposure to gold: one as a traditional mining operator, the other as a royalty and streaming company. Because OR's flagship royalty sits on an AEM-operated mine, these names are more intertwined than most pairs. This stock comparison is useful for investors weighing direct operational leverage against a diversified, capital-light royalty structure in the current market environment.
AEM Overview and Recent Performance
Agnico Eagle Mines is a senior gold producer with a diversified portfolio of operations and development projects across Canada, Australia, Finland, and Mexico. In recent market activity, the company has benefited from elevated realized gold prices and disciplined cost control, generating record quarterly free cash flow of roughly $1.3 billion and operating cash flow near $2.1 billion, up about 16% year over year. Management has reinforced its shareholder-friendly stance, returning around $1 billion in the first half of the year through dividends and buybacks and raising its quarterly dividend by 12.5% to $0.45 per share.
Sentiment has been shaped by both catalysts and setbacks. The company is advancing growth projects including Hope Bay, Odyssey, Detour Lake, Upper Beaver, and San Nicolas, which support a longer-term production pipeline. At the same time, a rock-mass movement on the north wall of the Barnat open pit at Canadian Malartic has prompted a reduction in near-term mine-plan ounces, a headwind that has contributed to volatility in the shares. Over the past year, AEM has still delivered a gain of roughly 29%, broadly in line with its gold-mining peer group.
OR Overview and Recent Performance
Osisko Gold Royalties, renamed OR Royalties Inc. in 2025, is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions. Its portfolio spans more than 195 royalties, streams, and similar interests, anchored by a 3–5% NSR royalty on Agnico Eagle's Canadian Malartic complex. The royalty model carries minimal operating costs, translating into cash margins near 97% of revenue in recent quarters.
Recent results reflect the power and limits of that model. Quarterly revenue rose sharply year over year—up 62% in one reported quarter and 26% in the following preliminary period—but attributable gold-equivalent ounces have been essentially flat, meaning much of the growth came from higher realized metal prices rather than volume expansion. The company has also raised its dividend and pursued acquisitions, including a portfolio of royalties from Gold Fields, funded in part by drawing on its credit facility. The near-term reduction in ounces at Canadian Malartic's Barnat pit is a notable headwind for OR's cornerstone royalty, even as management reaffirms its longer-term outlook.
Trending AI Robots
Tickeron maintains a dedicated Trending AI Robots page that curates a selection of automated trading strategies from a much larger library of AI-powered bots covering thousands of tickers. These bots vary widely in trading style, strategy, timeframe, performance history, and the specific set of tickers they follow, so only those best suited to current market conditions earn a place in the curated section. Investors and traders can use the page to compare signals, track performance statistics, and identify strategies aligned with their own time horizons and risk preferences. Exploring the Trending AI Robots page is a practical starting point for anyone seeking a data-driven, automated approach to today's markets.
Head-to-Head Comparison
The most important contrast between AEM and OR is business-model risk. AEM is an operator that carries full exposure to mining costs, capital intensity, and operational execution, but also captures upside directly from production and cash flow. OR, by contrast, earns high-margin, asset-light revenue tied to the output of other miners, giving it diversification across many operators but concentrating its near-term fortunes in a few cornerstone assets.
Growth drivers also differ. AEM's story centers on organic project development and disciplined capital returns, while OR's hinges on adding royalty ounces through acquisitions and streaming deals. On momentum, AEM has shown more consistent relative performance over the past year, whereas OR has been more volatile, with its shares trading well below their 52-week high despite record gold prices. Sector exposure is similar—both are tied to gold—but the risk profiles diverge: AEM faces execution and geological risk, while OR faces concentration risk and the leverage it has taken on to fund recent acquisitions.
Tickeron AI Verdict
Based on observable factors, Tickeron's AI would likely tilt toward AEM in the current environment. The stock demonstrates more consistent trend behavior, stronger free cash flow generation, and a more diversified production base that reduces single-asset dependency. While OR offers an attractive capital-light model and high margins, its near-term exposure to the Canadian Malartic output reduction, flat ounce growth, and recent balance-sheet leverage introduce comparatively more uncertainty. This assessment is probabilistic rather than definitive: the outcome would depend on how gold prices evolve, how each company's catalysts materialize, and how broader risk sentiment shifts.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is AEM is a Hold and OR is a Buy.
Momentum Indicator for AEM turns positive, indicating new upward trend
AEM saw its Momentum Indicator move above the 0 level on November 05, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 74 similar instances where the indicator turned positive. In 58 of the 74 cases, the stock moved higher in the following days. The odds of a move higher are at 78%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for AEM just turned positive on November 05, 2026. Looking at past instances where AEM's MACD turned positive, the stock continued to rise in 37 of 51 cases over the following month. The odds of a continued upward trend are 73%.
Following a +6.21% 3-day Advance, the price is estimated to grow further. Considering data from situations where AEM advanced for three days, in 252 of 322 cases, the price rose further within the following month. The odds of a continued upward trend are 78%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
AEM moved below its 50-day moving average on November 11, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AEM declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
AEM broke above its upper Bollinger Band on November 09, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for AEM entered a downward trend on October 30, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 38 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 43 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 49 (best 1 - 100 worst), indicating steady price growth. AEM’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 82 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 100 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.391) is normal, around the industry mean (2.121). P/E Ratio (16.346) is within average values for comparable stocks, (-12.498). AEM's Projected Growth (PEG Ratio) (30.116) is very high in comparison to the industry average of (2.614). Dividend Yield (0.009) settles around the average of (0.330) among similar stocks. P/S Ratio (6.766) is also within normal values, averaging (7.321).
OR in upward trend: price rose above 50-day moving average on November 05, 2026
OR moved above its 50-day moving average on November 05, 2026 date and that indicates a change from a downward trend to an upward trend. In 27 of 31 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on November 05, 2026. You may want to consider a long position or call options on OR as a result. In 56 of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 76%.
The Moving Average Convergence Divergence (MACD) for OR just turned positive on November 05, 2026. Looking at past instances where OR's MACD turned positive, the stock continued to rise in 33 of 49 cases over the following month. The odds of a continued upward trend are 67%.
Following a +7.41% 3-day Advance, the price is estimated to grow further. Considering data from situations where OR advanced for three days, in 244 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 3 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
The 10-day moving average for OR crossed bearishly below the 50-day moving average on October 07, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 9 of 14 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 64%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where OR declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 68%.
OR broke above its upper Bollinger Band on November 06, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for OR entered a downward trend on October 28, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is 38 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 65, placing this stock slightly better than average.
The Tickeron SMR rating for this company is 46 (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 47 (best 1 - 100 worst), indicating steady price growth. OR’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 87 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 92 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.572) is normal, around the industry mean (2.121). P/E Ratio (23.987) is within average values for comparable stocks, (-12.498). Projected Growth (PEG Ratio) (2.300) is also within normal values, averaging (2.614). Dividend Yield (0.007) settles around the average of (0.330) among similar stocks. OR's P/S Ratio (18.484) is slightly higher than the industry average of (7.321).
AEM | OR | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 24 | 21 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 100 Overvalued | 92 Overvalued | |
PROFIT vs RISK RATING 1..100 | 38 | 38 | |
SMR RATING 1..100 | 43 | 46 | |
PRICE GROWTH RATING 1..100 | 49 | 47 | |
P/E GROWTH RATING 1..100 | 82 | 87 | |
SEASONALITY SCORE 1..100 | n/a | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
OR's Valuation (92) in the null industry is in the same range as AEM (100). This means that OR’s stock grew similarly to AEM’s over the last 12 months.
OR's Profit vs Risk Rating (38) in the null industry is in the same range as AEM (38). This means that OR’s stock grew similarly to AEM’s over the last 12 months.
AEM's SMR Rating (43) in the null industry is in the same range as OR (46). This means that AEM’s stock grew similarly to OR’s over the last 12 months.
OR's Price Growth Rating (47) in the null industry is in the same range as AEM (49). This means that OR’s stock grew similarly to AEM’s over the last 12 months.
AEM's P/E Growth Rating (82) in the null industry is in the same range as OR (87). This means that AEM’s stock grew similarly to OR’s over the last 12 months.
| AEM | OR | |
|---|---|---|
| RSI ODDS (%) | N/A | N/A |
| Stochastic ODDS (%) | 2 days ago 67% | 2 days ago 74% |
| Momentum ODDS (%) | 2 days ago 78% | 2 days ago 76% |
| MACD ODDS (%) | 2 days ago 73% | 2 days ago 67% |
| TrendWeek ODDS (%) | 2 days ago 76% | 2 days ago 74% |
| TrendMonth ODDS (%) | 2 days ago 63% | 2 days ago 75% |
| Advances ODDS (%) | 4 days ago 78% | 4 days ago 72% |
| Declines ODDS (%) | 2 days ago 70% | 2 days ago 68% |
| BollingerBands ODDS (%) | 2 days ago 67% | 2 days ago 73% |
| Aroon ODDS (%) | 2 days ago 65% | 2 days ago 71% |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
AEM’s FA Score shows that 0 FA rating(s) are green while OR’s FA Score has 0 green FA rating(s).
- AEM’s FA Score: 0 green, 5 red.
- OR’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
AEM’s TA Score shows that 3 TA indicator(s) are bullish while OR’s TA Score has 4 bullish TA indicator(s).
- AEM’s TA Score: 3 bullish, 5 bearish.
- OR’s TA Score: 4 bullish, 5 bearish.
Price Growth
AEM (@Precious Metals) experienced а +1.37% price change this week, while OR (@Precious Metals) price change was +3.19% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was +0.40%. For the same industry, the average monthly price growth was -6.04%, and the average quarterly price growth was -9.36%.
Reported Earning Dates
AEM is expected to report earnings on Feb 18, 2027.
Industries' Descriptions
@Precious Metals (+0.40% weekly)The Precious Metals industry is engaged in exploring/mining metals that are considered to be rare and/or have a high economic value. Popular precious metals include gold, platinum and silver - all three of which are largely used in jewelry, art and coinage alongwith having some industrial uses as well. Precious metals used in industrial processes include iridium, (used in specialty alloys), and palladium ( used in electronics and chemical applications). Historically, precious metals have traded at much higher prices than common industrial metals. Newmont Goldcorp Corp, Barrick Gold Corp and Freeport-McMoRan are few of the major precious metals producing companies in the U.S.
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AEM and
Correlation & Price change
A.I.dvisor indicates that over the last year, AEM has been closely correlated with WPM. These tickers have moved in lockstep 93% of the time. This A.I.-generated data suggests there is a high statistical probability that if AEM jumps, then WPM could also see price increases.
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| EMM | 40.54 | 1.01 | +2.56% |
| Global X Emerging Markets ex-China ETF (EMM) | |||
| VUSE | 72.10 | 1.05 | +1.47% |
| Vident U.S. Equity Strategy ETF (VUSE) | |||
| BRKC | 43.22 | 0.15 | +0.34% |
| YieldMax BRK.B Option Income Strategy ETF (BRKC) | |||
| XLRE | 44.59 | 0.01 | +0.02% |
| State Street Real Estate Select Sector SPDR ETF (XLRE) | |||
| RBIL | 49.88 | -0.01 | -0.01% |
| F/m Ultrashort Treasury Inflation-Protected Security (TIPS) ETF (RBIL) | |||