Advertisement
OR or PAAS or RGLD
Which Stock Would AI Choose? Osisko Gold Royalties (OR) vs. Pan American Silver (PAAS) vs. Royal Gold (RGLD) Stock Comparison
Key Takeaways
- OR (Osisko Gold Royalties) and RGLD (Royal Gold) are royalty and streaming businesses with minimal operating and cost risk, while PAAS (Pan American Silver) is a primary silver and gold producer with direct exposure to mine-level costs.
- All three names have benefited from elevated precious metals prices, but a pullback in gold and silver during recent weeks has weighed on sentiment across the group.
- PAAS is generating record free cash flow and has introduced an up-to-$1 billion shareholder return framework, but its outlook is closely tied to silver prices and project execution.
- RGLD offers the most diversified portfolio and a 25-year record of consecutive dividend increases, though it trades at a premium valuation.
- OR delivers roughly 97% cash margins, yet its recent revenue growth has been driven largely by price rather than by growth in gold-equivalent ounces.
Introduction
Investors seeking exposure to gold and silver face a meaningful choice between owning the operators that mine the metal and the royalty and streaming companies that finance those mines in exchange for a share of future output. This stock comparison examines three prominent precious metals equities — OR, PAAS, and RGLD — to highlight how their business models, relative performance, and market positioning differ in the current environment. The comparison is especially relevant for traders and investors weighing lower-risk royalty exposure against more direct, higher-leverage producer exposure at a time when precious metals prices have shown considerable volatility.
OR Overview and Recent Performance
OR, formerly known as Osisko Gold Royalties and renamed OR Royalties Inc. in 2025, is a precious metals royalty and streaming company anchored by a 3%–5% net smelter return (NSR) royalty on Agnico Eagle's Canadian Malartic complex in Quebec. The company holds more than 195 royalties, streams, and similar interests, primarily across gold, silver, and copper. Its model produces exceptionally high margins — cash margins have recently run near 97% of revenue.
In recent market activity, OR has posted strong reported results, including record revenue and operating cash flow, yet the shares have traded below their 52-week high as gold prices corrected from their early-year peak. A key factor weighing on sentiment has been near-flat gold-equivalent ounce (GEO) growth, meaning recent revenue gains have been driven more by higher metal prices than by increased attributable output. The company has also used debt to fund new royalty acquisitions, a strategy that amplifies both upside and risk at a time of elevated gold prices.
PAAS Overview and Recent Performance
PAAS, Pan American Silver, is one of the world's largest primary silver producers, with additional gold output across mines in the Americas. Unlike the royalty companies, it operates mines directly, which exposes it to operating costs, energy and fuel prices, and project execution risk — but also provides more direct leverage to rising silver and gold prices.
The company has delivered standout financial results in recent quarters, including record free cash flow (FCF) of roughly $1.15 billion in 2025 and an attributable FCF of about $488 million in its latest reported quarter, supported by a cash and short-term investment balance above $1.8 billion. Management introduced a new shareholder return framework targeting 35%–40% of annual FCF — up to $1 billion in 2026 — alongside the de-risked La Colorada skarn project in Mexico. Recent weeks, however, have seen silver prices pull back, which has pressured sentiment and prompted some analysts to trim price targets despite broadly positive ratings.
RGLD Overview and Recent Performance
RGLD, Royal Gold, is a large precious metals royalty and streaming company with a globally diversified portfolio of more than 360 assets, about 80 of which currently produce revenue. Following significant acquisitions in 2025 — including the Kansanshi stream and interests acquired from Sandstorm Gold and Horizon Copper — the company has meaningfully expanded its scale and diversification, with gold remaining the dominant revenue driver alongside silver and copper.
In recent quarters, RGLD has reported record revenue, earnings, and operating cash flow, with a trailing adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin near 83%. The company has paid a growing dividend for 25 consecutive years and has reduced debt rapidly following its acquisitions. Its diversified portfolio limits single-asset concentration, with no individual asset contributing more than a modest share of revenue, supporting relative stability during recent precious metals volatility.
Trending AI Robots
For traders who prefer a systematic approach to navigating markets like these, Tickeron's Trending AI Robots page curates a focused selection of AI-driven trading bots. Tickeron maintains hundreds of AI Trading Bots that collectively trade thousands of different tickers, but only the most suitable for current market conditions earn a place in this curated section. Each bot operates with its own trading style, strategy, timeframe, performance statistics, and set of tickers it trades, allowing users to match a bot's approach to their own objectives. Exploring the Trending AI Robots section can help investors identify which automated strategies are currently aligned with prevailing market dynamics.
Head-to-Head Comparison
The three companies represent distinct risk-reward profiles. OR and RGLD share the royalty and streaming model, which carries minimal operating and cost risk and produces software-like margins, but their revenue is ultimately a function of metal prices multiplied by attributable ounces. PAAS, by contrast, is a full producer that earns its margin after covering labor, energy, and other operating costs — giving it greater sensitivity to silver prices and cost inflation, but also more direct upside when metal prices and production both rise.
In terms of growth drivers, PAAS is pursuing organic expansion through La Colorada and other projects, while RGLD and OR grow primarily through new royalty and stream acquisitions. On valuation, PAAS screens relatively inexpensive on a forward price-to-earnings (P/E) basis, OR sits at a moderate multiple with higher single-asset concentration risk, and RGLD commands a premium multiple reflecting its diversification and dividend track record. Risk profiles differ accordingly: PAAS carries execution and cost risk, OR carries concentration and leverage risk, and RGLD carries primarily valuation risk.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would most likely favor RGLD among the three. The company combines record revenue and cash flow with the group's most diversified portfolio, minimal operating risk, and a long record of dividend growth — attributes that tend to support more consistent trend behavior during periods of metal-price volatility. While PAAS offers compelling cash generation and OR trades at a relative discount, their profiles carry greater sensitivity to silver prices, project execution, and single-asset concentration. This assessment reflects a probabilistic read of current positioning rather than a definitive forecast, and conditions can shift as metal prices and company-specific catalysts evolve.
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.
OR in downward trend: 10-day moving average broke below 50-day moving average on October 07, 2026
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 11 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 79%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 22, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on OR as a result. In 55 of 75 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 73%.
The Moving Average Convergence Divergence Histogram (MACD) for OR turned negative on October 22, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In 34 of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at 67%.
OR moved below its 50-day moving average on October 19, 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 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%.
The Aroon Indicator for OR entered a downward trend on October 23, 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.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
Following a +6.57% 3-day Advance, the price is estimated to grow further. Considering data from situations where OR advanced for three days, in 250 of 347 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
OR may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 40 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 42 (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 59 (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 Valuation Rating of 93 (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 (4.146) is normal, around the industry mean (1.844). P/E Ratio (21.755) is within average values for comparable stocks, (-15.573). Projected Growth (PEG Ratio) (2.300) is also within normal values, averaging (2.614). Dividend Yield (0.008) settles around the average of (0.359) among similar stocks. OR's P/S Ratio (18.484) is slightly higher than the industry average of (7.321).
The Tickeron PE Growth Rating for this company is 95 (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.
PAAS in downward trend: price dove below 50-day moving average on September 23, 2026
PAAS moved below its 50-day moving average on September 23, 2026 date and that indicates a change from an upward trend to a downward trend. In 39 of 51 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are 76%.
Technical Analysis (Indicators)
Bearish Trend Analysis
The 10-day moving average for PAAS crossed bearishly below the 50-day moving average on September 28, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 11 of 17 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 65%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PAAS 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 72%.
The Aroon Indicator for PAAS entered a downward trend on October 23, 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.
Bullish Trend Analysis
The RSI Indicator demonstrates that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
Following a +1.51% 3-day Advance, the price is estimated to grow further. Considering data from situations where PAAS advanced for three days, in 242 of 299 cases, the price rose further within the following month. The odds of a continued upward trend are 81%.
PAAS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
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 Valuation Rating of 46 (best 1 - 100 worst) indicates that the company is fair valued 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 (2.262) is normal, around the industry mean (1.844). P/E Ratio (11.879) is within average values for comparable stocks, (-15.573). Projected Growth (PEG Ratio) (0.030) is also within normal values, averaging (2.614). Dividend Yield (0.018) settles around the average of (0.359) among similar stocks. P/S Ratio (4.533) is also within normal values, averaging (7.321).
The Tickeron Profit vs. Risk Rating rating for this company is 59 (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 Price Growth Rating for this company is 63 (best 1 - 100 worst), indicating fairly steady price growth. PAAS’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 89 (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.
RGLD's RSI Oscillator climbs out of oversold territory
The RSI Indicator for RGLD moved out of oversold territory on October 08, 2026. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 29 similar instances when the indicator left oversold territory. In 22 of the 29 cases the stock moved higher. This puts the odds of a move higher at 76%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for RGLD just turned positive on October 19, 2026. Looking at past instances where RGLD's MACD turned positive, the stock continued to rise in 26 of 43 cases over the following month. The odds of a continued upward trend are 60%.
The 50-day moving average for RGLD moved above the 200-day moving average on October 05, 2026. This could be a long-term bullish signal for the stock as the stock shifts to an upward trend.
Following a +2.58% 3-day Advance, the price is estimated to grow further. Considering data from situations where RGLD advanced for three days, in 267 of 372 cases, the price rose further within the following month. The odds of a continued upward trend are 72%.
RGLD may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In 37 of 56 cases where RGLD's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 66%.
The Momentum Indicator moved below the 0 level on October 23, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on RGLD as a result. In 46 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 59%.
RGLD moved below its 50-day moving average on September 30, 2026 date and that indicates a change from an upward trend to a downward trend.
The 10-day moving average for RGLD crossed bearishly below the 50-day moving average on October 06, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 8 of 16 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 50%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RGLD 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 62%.
The Aroon Indicator for RGLD entered a downward trend on October 23, 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 40 (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 Price Growth Rating for this company is 48 (best 1 - 100 worst), indicating steady price growth. RGLD’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 52 (best 1 - 100 worst), pointing to consistent 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 SMR rating for this company is 60 (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 Valuation Rating of 70 (best 1 - 100 worst) indicates that the company is slightly 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 (2.540) is normal, around the industry mean (1.844). P/E Ratio (25.074) is within average values for comparable stocks, (-15.573). Projected Growth (PEG Ratio) (0.480) is also within normal values, averaging (2.614). Dividend Yield (0.008) settles around the average of (0.359) among similar stocks. P/S Ratio (12.563) is also within normal values, averaging (7.321).
OR | PAAS | RGLD | ||
|---|---|---|---|---|
OUTLOOK RATING 1..100 | 82 | 64 | 11 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 93 Overvalued | 46 Fair valued | 70 Overvalued | |
PROFIT vs RISK RATING 1..100 | 42 | 59 | 40 | |
SMR RATING 1..100 | 46 | 43 | 60 | |
PRICE GROWTH RATING 1..100 | 59 | 63 | 48 | |
P/E GROWTH RATING 1..100 | 95 | 89 | 52 | |
SEASONALITY SCORE 1..100 | 40 | 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.
PAAS's Valuation (46) in the Precious Metals industry is in the same range as RGLD (70) in the Precious Metals industry, and is somewhat better than the same rating for OR (93) in the null industry. This means that PAAS's stock grew similarly to RGLD’s and somewhat faster than OR’s over the last 12 months.
RGLD's Profit vs Risk Rating (40) in the Precious Metals industry is in the same range as OR (42) in the null industry, and is in the same range as PAAS (59) in the Precious Metals industry. This means that RGLD's stock grew similarly to OR’s and similarly to PAAS’s over the last 12 months.
PAAS's SMR Rating (43) in the Precious Metals industry is in the same range as OR (46) in the null industry, and is in the same range as RGLD (60) in the Precious Metals industry. This means that PAAS's stock grew similarly to OR’s and similarly to RGLD’s over the last 12 months.
RGLD's Price Growth Rating (48) in the Precious Metals industry is in the same range as OR (59) in the null industry, and is in the same range as PAAS (63) in the Precious Metals industry. This means that RGLD's stock grew similarly to OR’s and similarly to PAAS’s over the last 12 months.
RGLD's P/E Growth Rating (52) in the Precious Metals industry is somewhat better than the same rating for PAAS (89) in the Precious Metals industry, and is somewhat better than the same rating for OR (95) in the null industry. This means that RGLD's stock grew somewhat faster than PAAS’s and somewhat faster than OR’s over the last 12 months.
| OR | PAAS | RGLD | |
|---|---|---|---|
| RSI ODDS (%) | N/A | 2 days ago 90% | 2 days ago 76% |
| Stochastic ODDS (%) | 2 days ago 73% | 2 days ago 83% | 2 days ago 66% |
| Momentum ODDS (%) | 2 days ago 73% | N/A | 2 days ago 59% |
| MACD ODDS (%) | 2 days ago 67% | N/A | 2 days ago 60% |
| TrendWeek ODDS (%) | 2 days ago 65% | 2 days ago 71% | 2 days ago 65% |
| TrendMonth ODDS (%) | 2 days ago 65% | 2 days ago 70% | 2 days ago 65% |
| Advances ODDS (%) | 9 days ago 72% | 6 days ago 81% | 4 days ago 72% |
| Declines ODDS (%) | 2 days ago 68% | 2 days ago 72% | 2 days ago 62% |
| BollingerBands ODDS (%) | 2 days ago 78% | 2 days ago 88% | 2 days ago 68% |
| Aroon ODDS (%) | 2 days ago 68% | 2 days ago 71% | 2 days ago 67% |
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).
OR’s FA Score shows that 0 FA rating(s) are green while PAAS’s FA Score has 0 green FA rating(s), and RGLD’s FA Score reflects 0 green FA rating(s).
- OR’s FA Score: 0 green, 5 red.
- PAAS’s FA Score: 0 green, 5 red.
- RGLD’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.
OR’s TA Score shows that 3 TA indicator(s) are bullish while PAAS’s TA Score has 4 bullish TA indicator(s), and RGLD’s TA Score reflects 5 bullish TA indicator(s).
- OR’s TA Score: 3 bullish, 6 bearish.
- PAAS’s TA Score: 4 bullish, 4 bearish.
- RGLD’s TA Score: 5 bullish, 6 bearish.
Price Growth
OR (@Precious Metals) experienced а -7.59% price change this week, while PAAS (@Precious Metals) price change was -9.18% , and RGLD (@Precious Metals) price fluctuated -4.47% for the same time period.
The average weekly price growth across all stocks in the @Precious Metals industry was -7.86%. For the same industry, the average monthly price growth was -18.09%, and the average quarterly price growth was -16.82%.
Reported Earning Dates
OR is expected to report earnings on Nov 11, 2026.
PAAS is expected to report earnings on Nov 04, 2026.
RGLD is expected to report earnings on Nov 04, 2026.
Industries' Descriptions
@Precious Metals (-7.86% 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.
Advertisement