Gold
Compare Stocks
5 / 10Stock Comparison
ARMN vs EQX vs OR vs MGY vs MUX
Revenue, margins, valuation, and 5-year total return — side by side.
Gold
Gold
Oil & Gas Exploration & Production
Other Precious Metals
ARMN vs EQX vs OR vs MGY vs MUX — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | |||||
|---|---|---|---|---|---|
| Industry | Gold | Gold | Gold | Oil & Gas Exploration & Production | Other Precious Metals |
| Market Cap | $3.93B | $11.33B | $7.02B | $5.23B | $1.39B |
| Revenue (TTM) | $925M | $1.85B | $279M | $1.32B | $162M |
| Net Income (TTM) | $78M | $225M | $207M | $322M | $74M |
| Gross Margin | 48.7% | 25.0% | 83.7% | 46.5% | 32.9% |
| Operating Margin | 38.9% | 23.8% | 71.0% | 32.7% | 22.2% |
| Forward P/E | 8.4x | 10.4x | 18.3x | 10.3x | 22.2x |
| Total Debt | $526M | $1.55B | $9M | $420M | $926K |
| Cash & Equiv. | $392M | $407M | $142M | $267M | $51M |
ARMN vs EQX vs OR vs MGY vs MUX — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Sep 23 | Apr 26 | Return |
|---|---|---|---|
| Aris Mining Corpora… (ARMN) | 100 | 847.1 | +747.1% |
| Equinox Gold Corp. (EQX) | 100 | 341.8 | +241.8% |
| OR Royalties Inc. (OR) | 100 | 323.6 | +223.6% |
| Magnolia Oil & Gas … (MGY) | 100 | 137.8 | +37.8% |
| McEwen Mining Inc. (MUX) | 100 | 314.2 | +214.2% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ARMN vs EQX vs OR vs MGY vs MUX
Each card shows where this stock fits in a portfolio — not just who wins on paper.
ARMN carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 81.7%, EPS growth 192.9%, 3Y rev CAGR 32.4%
- 8.2% 10Y total return vs OR's 217.0%
- 81.7% revenue growth vs MGY's -0.3%
- Lower P/E (8.4x vs 22.2x)
EQX lags the leaders in this set but could rank higher in a more targeted comparison.
OR is the #2 pick in this set and the best alternative if sleep-well-at-night and valuation efficiency is your priority.
- Lower volatility, beta 0.54, Low D/E 0.6%, current ratio 4.53x
- PEG 0.30 vs EQX's 0.36
- 74.3% margin vs ARMN's 8.4%
- 12.7% ROA vs EQX's 2.4%, ROIC 12.2% vs 5.7%
MGY ranks third and is worth considering specifically for income & stability and defensive.
- Dividend streak 5 yrs, beta 0.24, yield 2.2%
- Beta 0.24, yield 2.2%, current ratio 1.54x
- Beta 0.24 vs MUX's 1.27
- 2.2% yield, 5-year raise streak, vs OR's 0.5%, (2 stocks pay no dividend)
Among these 5 stocks, MUX doesn't own a clear edge in any measured category.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 81.7% revenue growth vs MGY's -0.3% | |
| Value | Lower P/E (8.4x vs 22.2x) | |
| Quality / Margins | 74.3% margin vs ARMN's 8.4% | |
| Stability / Safety | Beta 0.24 vs MUX's 1.27 | |
| Dividends | 2.2% yield, 5-year raise streak, vs OR's 0.5%, (2 stocks pay no dividend) | |
| Momentum (1Y) | +231.0% vs MGY's +39.1% | |
| Efficiency (ROA) | 12.7% ROA vs EQX's 2.4%, ROIC 12.2% vs 5.7% |
ARMN vs EQX vs OR vs MGY vs MUX — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
ARMN vs EQX vs OR vs MGY vs MUX — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
MGY leads in 3 of 6 categories
OR leads 2 • ARMN leads 1 • EQX leads 0 • MUX leads 0
Explore the data ↓Income & Cash Flow (Last 12 Months)
OR leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
EQX is the larger business by revenue, generating $1.8B annually — 11.4x MUX's $162M. OR is the more profitable business, keeping 74.3% of every revenue dollar as net income compared to ARMN's 8.4%. On growth, ARMN holds the edge at +104.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | |||||
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $925M | $1.8B | $279M | $1.3B | $162M |
| EBITDAEarnings before interest/tax | $346M | $966M | $235M | $880M | $61M |
| Net IncomeAfter-tax profit | $78M | $225M | $207M | $322M | $74M |
| Free Cash FlowCash after capex | $100M | -$7M | $210M | $396M | -$24M |
| Gross MarginGross profit ÷ Revenue | +48.7% | +25.0% | +83.7% | +46.5% | +32.9% |
| Operating MarginEBIT ÷ Revenue | +38.9% | +23.8% | +71.0% | +32.7% | +22.2% |
| Net MarginNet income ÷ Revenue | +8.4% | +12.2% | +74.3% | +24.4% | +45.7% |
| FCF MarginFCF ÷ Revenue | +10.8% | -0.4% | +75.2% | +30.0% | -14.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +104.2% | -76.2% | +66.4% | +2.3% | -100.0% |
| EPS Growth (YoY)Latest quarter vs prior year | +92.3% | +3.3% | +4.9% | 0.0% | +4.9% |
Valuation Metrics
MGY leads this category, winning 4 of 7 comparable metrics.
Valuation Metrics
At 16.1x trailing earnings, MGY trades at a 66% valuation discount to ARMN's 46.9x P/E. Adjusting for growth (PEG ratio), OR offers better value at 0.55x vs EQX's 1.37x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | |||||
|---|---|---|---|---|---|
| Market CapShares × price | $3.9B | $11.3B | $7.0B | $5.2B | $1.4B |
| Enterprise ValueMkt cap + debt − cash | $4.1B | $12.5B | $6.9B | $5.4B | $1.3B |
| Trailing P/EPrice ÷ TTM EPS | 46.90x | 39.92x | 33.74x | 16.09x | 39.61x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.36x | 10.39x | 18.32x | 10.32x | 22.21x |
| PEG RatioP/E ÷ EPS growth rate | — | 1.37x | 0.55x | — | — |
| EV / EBITDAEnterprise value multiple | 9.89x | 12.91x | 28.31x | 6.09x | 74.65x |
| Price / SalesMarket cap ÷ Revenue | 4.24x | 6.13x | 24.89x | 3.98x | 7.03x |
| Price / BookPrice ÷ Book value/share | 2.54x | 1.57x | 4.96x | 2.61x | 2.31x |
| Price / FCFMarket cap ÷ FCF | 30.47x | — | 33.08x | 12.77x | — |
Profitability & Efficiency
OR leads this category, winning 4 of 9 comparable metrics.
Profitability & Efficiency
MGY delivers a 16.0% return on equity — every $100 of shareholder capital generates $16 in annual profit, vs $5 for EQX. MUX carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to ARMN's 0.36x. On the Piotroski fundamental quality scale (0–9), ARMN scores 7/9 vs MUX's 5/9, reflecting strong financial health.
| Metric | |||||
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +6.0% | +4.5% | +14.1% | +16.0% | +13.6% |
| ROA (TTM)Return on assets | +3.4% | +2.4% | +12.7% | +11.1% | +9.0% |
| ROICReturn on invested capital | +18.3% | +5.7% | +12.2% | +15.4% | -1.9% |
| ROCEReturn on capital employed | +17.6% | +5.8% | +14.2% | +17.1% | -1.9% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 6 | 7 | 6 | 5 |
| Debt / EquityFinancial leverage | 0.36x | 0.27x | 0.01x | 0.21x | 0.00x |
| Net DebtTotal debt minus cash | $134M | $1.1B | -$133M | $153M | -$50M |
| Cash & Equiv.Liquid assets | $392M | $407M | $142M | $267M | $51M |
| Total DebtShort + long-term debt | $526M | $1.6B | $9M | $420M | $926,000 |
| Interest CoverageEBIT ÷ Interest expense | 6.70x | 1.73x | 55.06x | 19.21x | -1.52x |
Total Returns (Dividends Reinvested)
ARMN leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in ARMN five years ago would be worth $92,093 today (with dividends reinvested), compared to $16,055 for EQX. Over the past 12 months, ARMN leads with a +231.0% total return vs MGY's +39.1%. The 3-year compound annual growth rate (CAGR) favors ARMN at 108.9% vs MGY's 14.4% — a key indicator of consistent wealth creation.
| Metric | |||||
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +21.6% | +5.0% | +6.5% | +26.0% | +25.1% |
| 1-Year ReturnPast 12 months | +231.0% | +110.6% | +57.1% | +39.1% | +198.5% |
| 3-Year ReturnCumulative with dividends | +811.4% | +151.5% | +117.1% | +49.6% | +163.5% |
| 5-Year ReturnCumulative with dividends | +820.9% | +60.5% | +184.8% | +146.6% | +79.8% |
| 10-Year ReturnCumulative with dividends | +824.8% | +236.5% | +217.0% | +203.8% | -0.1% |
| CAGR (3Y)Annualised 3-year return | +108.9% | +36.0% | +29.5% | +14.4% | +38.1% |
Risk & Volatility
MGY leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
MGY is the less volatile stock with a 0.24 beta — it tends to amplify market swings less than MUX's 1.27 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. MGY currently trades 85.9% from its 52-week high vs EQX's 75.8% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | |||||
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.46x | 0.72x | 0.54x | 0.24x | 1.27x |
| 52-Week HighHighest price in past year | $23.29 | $18.96 | $48.06 | $32.76 | $29.70 |
| 52-Week LowLowest price in past year | $5.54 | $5.61 | $22.40 | $20.45 | $6.88 |
| % of 52W HighCurrent price vs 52-week peak | +82.6% | +75.8% | +77.9% | +85.9% | +78.7% |
| RSI (14)Momentum oscillator 0–100 | 48.1 | 50.2 | 50.1 | 43.4 | 51.0 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 8.9M | 1.0M | 2.5M | 992K |
Analyst Outlook
MGY leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ARMN as "Buy", EQX as "Buy", OR as "Buy", MGY as "Buy", MUX as "Buy". Consensus price targets imply 28.4% upside for MUX (target: $30) vs 3.4% for MGY (target: $29). For income investors, MGY offers the higher dividend yield at 2.16% vs MUX's 0.18%.
| Metric | |||||
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | — | $44.50 | $29.11 | $30.00 |
| # AnalystsCovering analysts | 1 | 1 | 9 | 26 | 7 |
| Dividend YieldAnnual dividend ÷ price | — | — | +0.5% | +2.2% | +0.2% |
| Dividend StreakConsecutive years of raises | 0 | — | 2 | 5 | 0 |
| Dividend / ShareAnnual DPS | — | — | $0.19 | $0.61 | $0.04 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% | +0.5% | +3.9% | 0.0% |
MGY leads in 3 of 6 categories (Valuation Metrics, Risk & Volatility). OR leads in 2 (Income & Cash Flow, Profitability & Efficiency).
ARMN vs EQX vs OR vs MGY vs MUX: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ARMN or EQX or OR or MGY or MUX a better buy right now?
For growth investors, Aris Mining Corporation (ARMN) is the stronger pick with 81.
7% revenue growth year-over-year, versus -0. 3% for Magnolia Oil & Gas Corporation (MGY). Magnolia Oil & Gas Corporation (MGY) offers the better valuation at 16. 1x trailing P/E (10. 3x forward), making it the more compelling value choice. Analysts rate Aris Mining Corporation (ARMN) a "Buy" — based on 1 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ARMN or EQX or OR or MGY or MUX?
On trailing P/E, Magnolia Oil & Gas Corporation (MGY) is the cheapest at 16.
1x versus Aris Mining Corporation at 46. 9x. On forward P/E, Aris Mining Corporation is actually cheaper at 8. 4x — notably different from the trailing picture, reflecting expected earnings growth. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: OR Royalties Inc. wins at 0. 30x versus Equinox Gold Corp. 's 0. 36x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ARMN or EQX or OR or MGY or MUX?
Over the past 5 years, Aris Mining Corporation (ARMN) delivered a total return of +820.
9%, compared to +60. 5% for Equinox Gold Corp. (EQX). Over 10 years, the gap is even starker: ARMN returned +824. 8% versus MUX's -0. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ARMN or EQX or OR or MGY or MUX?
By beta (market sensitivity over 5 years), Magnolia Oil & Gas Corporation (MGY) is the lower-risk stock at 0.
24β versus McEwen Mining Inc. 's 1. 27β — meaning MUX is approximately 435% more volatile than MGY relative to the S&P 500. On balance sheet safety, McEwen Mining Inc. (MUX) carries a lower debt/equity ratio of 0% versus 36% for Aris Mining Corporation — giving it more financial flexibility in a downturn.
05Which is growing faster — ARMN or EQX or OR or MGY or MUX?
By revenue growth (latest reported year), Aris Mining Corporation (ARMN) is pulling ahead at 81.
7% versus -0. 3% for Magnolia Oil & Gas Corporation (MGY). On earnings-per-share growth, the picture is similar: OR Royalties Inc. grew EPS 825. 0% year-over-year, compared to -47. 1% for Equinox Gold Corp.. Over a 3-year CAGR, ARMN leads at 32. 4% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — ARMN or EQX or OR or MGY or MUX?
OR Royalties Inc.
(OR) is the more profitable company, earning 74. 3% net margin versus 8. 4% for Aris Mining Corporation — meaning it keeps 74. 3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: OR leads at 72. 9% versus -6. 5% for MUX. At the gross margin level — before operating expenses — OR leads at 83. 4%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is ARMN or EQX or OR or MGY or MUX more undervalued right now?
The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.
By this metric, OR Royalties Inc. (OR) is the more undervalued stock at a PEG of 0. 30x versus Equinox Gold Corp. 's 0. 36x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Aris Mining Corporation (ARMN) trades at 8. 4x forward P/E versus 22. 2x for McEwen Mining Inc. — 13. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for MUX: 28. 4% to $30. 00.
08Which pays a better dividend — ARMN or EQX or OR or MGY or MUX?
In this comparison, MGY (2.
2% yield), OR (0. 5% yield), MUX (0. 2% yield) pay a dividend. ARMN, EQX do not pay a meaningful dividend and should not be held primarily for income.
09Is ARMN or EQX or OR or MGY or MUX better for a retirement portfolio?
For long-horizon retirement investors, Magnolia Oil & Gas Corporation (MGY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.
24), 2. 2% yield, +203. 8% 10Y return). Both have compounded well over 10 years (MGY: +203. 8%, MUX: -0. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between ARMN and EQX and OR and MGY and MUX?
These companies operate in different sectors (ARMN (Basic Materials) and EQX (Basic Materials) and OR (Basic Materials) and MGY (Energy) and MUX (Basic Materials)), which means they face different economic cycles, regulatory environments, and macro sensitivities — making direct comparison nuanced.
In terms of investment character: ARMN is a small-cap high-growth stock; EQX is a mid-cap high-growth stock; OR is a small-cap high-growth stock; MGY is a small-cap deep-value stock; MUX is a small-cap quality compounder stock. OR, MGY pay a dividend while ARMN, EQX, MUX do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform all of them.
You Might Also Compare
Based on how these companies actually compete and overlap — not just which sector they're filed under.