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ARMN vs OR vs WPM vs RGLD
Revenue, margins, valuation, and 5-year total return — side by side.
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ARMN vs OR vs WPM vs RGLD — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Gold | Gold | Gold | Gold |
| Market Cap | $3.93B | $7.02B | $59.74B | $16.15B |
| Revenue (TTM) | $925M | $279M | $2.33B | $1.31B |
| Net Income (TTM) | $78M | $207M | $1.48B | $634M |
| Gross Margin | 48.7% | 83.7% | 75.1% | 44.4% |
| Operating Margin | 38.9% | 71.0% | 68.6% | 64.2% |
| Forward P/E | 8.4x | 18.3x | 24.2x | 19.5x |
| Total Debt | $526M | $9M | $8M | $966M |
| Cash & Equiv. | $392M | $142M | $1.15B | $234M |
ARMN vs OR vs WPM vs RGLD — 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% |
| OR Royalties Inc. (OR) | 100 | 323.6 | +223.6% |
| Wheaton Precious Me… (WPM) | 100 | 323.1 | +223.1% |
| Royal Gold, Inc. (RGLD) | 100 | 239.3 | +139.3% |
Price return only. Dividends and distributions are not included.
Quick Verdict: ARMN vs OR vs WPM vs RGLD
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 WPM's 6.5%
- Lower P/E (8.4x vs 24.2x)
- Beta 0.46 vs RGLD's 0.63
OR is the clearest fit if your priority is sleep-well-at-night and valuation efficiency.
- Lower volatility, beta 0.54, Low D/E 0.6%, current ratio 4.53x
- PEG 0.30 vs RGLD's 2.51
- 74.3% margin vs ARMN's 8.4%
WPM is the #2 pick in this set and the best alternative if defensive is your priority.
- Beta 0.63, yield 0.5%, current ratio 7.78x
- 83.3% revenue growth vs RGLD's 44.6%
- 17.8% ROA vs ARMN's 3.4%, ROIC 17.4% vs 18.3%
RGLD is the clearest fit if your priority is income & stability.
- Dividend streak 24 yrs, beta 0.63, yield 0.7%
- 0.7% yield, 24-year raise streak, vs WPM's 0.5%, (1 stock pays no dividend)
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 83.3% revenue growth vs RGLD's 44.6% | |
| Value | Lower P/E (8.4x vs 24.2x) | |
| Quality / Margins | 74.3% margin vs ARMN's 8.4% | |
| Stability / Safety | Beta 0.46 vs RGLD's 0.63 | |
| Dividends | 0.7% yield, 24-year raise streak, vs WPM's 0.5%, (1 stock pays no dividend) | |
| Momentum (1Y) | +231.0% vs RGLD's +28.4% | |
| Efficiency (ROA) | 17.8% ROA vs ARMN's 3.4%, ROIC 17.4% vs 18.3% |
ARMN vs OR vs WPM vs RGLD — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Segment breakdown not available.
Segment breakdown not available.
ARMN vs OR vs WPM vs RGLD — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
ARMN leads in 3 of 6 categories
OR leads 1 • WPM leads 1 • RGLD leads 1
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)
WPM is the larger business by revenue, generating $2.3B annually — 8.4x OR's $279M. OR is the more profitable business, keeping 74.3% of every revenue dollar as net income compared to ARMN's 8.4%. On growth, RGLD holds the edge at +144.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $925M | $279M | $2.3B | $1.3B |
| EBITDAEarnings before interest/tax | $346M | $235M | $1.9B | $1.1B |
| Net IncomeAfter-tax profit | $78M | $207M | $1.5B | $634M |
| Free Cash FlowCash after capex | $100M | $210M | $565M | -$244M |
| Gross MarginGross profit ÷ Revenue | +48.7% | +83.7% | +75.1% | +44.4% |
| Operating MarginEBIT ÷ Revenue | +38.9% | +71.0% | +68.6% | +64.2% |
| Net MarginNet income ÷ Revenue | +8.4% | +74.3% | +63.6% | +48.5% |
| FCF MarginFCF ÷ Revenue | +10.8% | +75.2% | +24.3% | -18.7% |
| Rev. Growth (YoY)Latest quarter vs prior year | +104.2% | +66.4% | +130.7% | +144.8% |
| EPS Growth (YoY)Latest quarter vs prior year | +92.3% | +4.9% | +5.6% | +91.9% |
Valuation Metrics
ARMN leads this category, winning 3 of 7 comparable metrics.
Valuation Metrics
At 33.7x trailing earnings, OR trades at a 28% valuation discount to ARMN's 46.9x P/E. Adjusting for growth (PEG ratio), OR offers better value at 0.55x vs RGLD's 4.47x — a lower PEG means you pay less per unit of expected earnings growth.
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $3.9B | $7.0B | $59.7B | $16.1B |
| Enterprise ValueMkt cap + debt − cash | $4.1B | $6.9B | $58.6B | $16.9B |
| Trailing P/EPrice ÷ TTM EPS | 46.90x | 33.74x | 39.99x | 34.77x |
| Forward P/EPrice ÷ next-FY EPS est. | 8.36x | 18.32x | 24.22x | 19.52x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.55x | 1.77x | 4.47x |
| EV / EBITDAEnterprise value multiple | 9.89x | 28.31x | 30.35x | 20.06x |
| Price / SalesMarket cap ÷ Revenue | 4.24x | 24.89x | 25.36x | 15.67x |
| Price / BookPrice ÷ Book value/share | 2.54x | 4.96x | 6.90x | 2.25x |
| Price / FCFMarket cap ÷ FCF | 30.47x | 33.08x | 104.15x | 22.91x |
Profitability & Efficiency
WPM leads this category, winning 7 of 9 comparable metrics.
Profitability & Efficiency
WPM delivers a 18.5% return on equity — every $100 of shareholder capital generates $19 in annual profit, vs $6 for ARMN. WPM 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 RGLD's 4/9, reflecting strong financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | +6.0% | +14.1% | +18.5% | +11.8% |
| ROA (TTM)Return on assets | +3.4% | +12.7% | +17.8% | +9.4% |
| ROICReturn on invested capital | +18.3% | +12.2% | +17.4% | +9.2% |
| ROCEReturn on capital employed | +17.6% | +14.2% | +19.8% | +10.4% |
| Piotroski ScoreFundamental quality 0–9 | 7 | 7 | 6 | 4 |
| Debt / EquityFinancial leverage | 0.36x | 0.01x | 0.00x | 0.13x |
| Net DebtTotal debt minus cash | $134M | -$133M | -$1.1B | $732M |
| Cash & Equiv.Liquid assets | $392M | $142M | $1.2B | $234M |
| Total DebtShort + long-term debt | $526M | $9M | $8M | $966M |
| Interest CoverageEBIT ÷ Interest expense | 6.70x | 55.06x | 294.59x | 52.45x |
Total Returns (Dividends Reinvested)
ARMN leads this category, winning 6 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 $20,047 for RGLD. Over the past 12 months, ARMN leads with a +231.0% total return vs RGLD's +28.4%. The 3-year compound annual growth rate (CAGR) favors ARMN at 108.9% vs RGLD's 19.0% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | +21.6% | +6.5% | +11.8% | +5.6% |
| 1-Year ReturnPast 12 months | +231.0% | +57.1% | +55.7% | +28.4% |
| 3-Year ReturnCumulative with dividends | +811.4% | +117.1% | +157.5% | +68.4% |
| 5-Year ReturnCumulative with dividends | +820.9% | +184.8% | +207.9% | +100.5% |
| 10-Year ReturnCumulative with dividends | +824.8% | +217.0% | +649.6% | +337.6% |
| CAGR (3Y)Annualised 3-year return | +108.9% | +29.5% | +37.1% | +19.0% |
Risk & Volatility
ARMN leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
ARMN is the less volatile stock with a 0.46 beta — it tends to amplify market swings less than RGLD's 0.63 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ARMN currently trades 82.6% from its 52-week high vs RGLD's 76.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.46x | 0.54x | 0.63x | 0.63x |
| 52-Week HighHighest price in past year | $23.29 | $48.06 | $165.76 | $306.25 |
| 52-Week LowLowest price in past year | $5.54 | $22.40 | $75.42 | $150.75 |
| % of 52W HighCurrent price vs 52-week peak | +82.6% | +77.9% | +79.4% | +76.0% |
| RSI (14)Momentum oscillator 0–100 | 48.1 | 50.1 | 49.4 | 42.1 |
| Avg Volume (50D)Average daily shares traded | 1.3M | 1.0M | 2.3M | 1.0M |
Analyst Outlook
RGLD leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Analyst consensus: ARMN as "Buy", OR as "Buy", WPM as "Buy", RGLD as "Buy". Consensus price targets imply 31.0% upside for RGLD (target: $305) vs 15.9% for WPM (target: $153). For income investors, RGLD offers the higher dividend yield at 0.73% vs OR's 0.50%.
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | — | $44.50 | $152.50 | $304.80 |
| # AnalystsCovering analysts | 1 | 9 | 20 | 28 |
| Dividend YieldAnnual dividend ÷ price | — | +0.5% | +0.5% | +0.7% |
| Dividend StreakConsecutive years of raises | 0 | 2 | 6 | 24 |
| Dividend / ShareAnnual DPS | — | $0.19 | $0.66 | $1.70 |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +0.5% | 0.0% | 0.0% |
ARMN leads in 3 of 6 categories (Valuation Metrics, Total Returns). OR leads in 1 (Income & Cash Flow).
ARMN vs OR vs WPM vs RGLD: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is ARMN or OR or WPM or RGLD a better buy right now?
For growth investors, Wheaton Precious Metals Corp.
(WPM) is the stronger pick with 83. 3% revenue growth year-over-year, versus 44. 6% for Royal Gold, Inc. (RGLD). OR Royalties Inc. (OR) offers the better valuation at 33. 7x trailing P/E (18. 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 OR or WPM or RGLD?
On trailing P/E, OR Royalties Inc.
(OR) is the cheapest at 33. 7x 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 Royal Gold, Inc. 's 2. 51x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.
03Which is the better long-term investment — ARMN or OR or WPM or RGLD?
Over the past 5 years, Aris Mining Corporation (ARMN) delivered a total return of +820.
9%, compared to +100. 5% for Royal Gold, Inc. (RGLD). Over 10 years, the gap is even starker: ARMN returned +824. 8% versus OR's +217. 0%. 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 OR or WPM or RGLD?
By beta (market sensitivity over 5 years), Aris Mining Corporation (ARMN) is the lower-risk stock at 0.
46β versus Royal Gold, Inc. 's 0. 63β — meaning RGLD is approximately 37% more volatile than ARMN relative to the S&P 500. On balance sheet safety, Wheaton Precious Metals Corp. (WPM) 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 OR or WPM or RGLD?
By revenue growth (latest reported year), Wheaton Precious Metals Corp.
(WPM) is pulling ahead at 83. 3% versus 44. 6% for Royal Gold, Inc. (RGLD). On earnings-per-share growth, the picture is similar: OR Royalties Inc. grew EPS 825. 0% year-over-year, compared to 32. 5% for Royal Gold, Inc.. 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 OR or WPM or RGLD?
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 38. 5% for ARMN. 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 OR or WPM or RGLD 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 Royal Gold, Inc. 's 2. 51x. 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 24. 2x for Wheaton Precious Metals Corp. — 15. 9x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for RGLD: 31. 0% to $304. 80.
08Which pays a better dividend — ARMN or OR or WPM or RGLD?
In this comparison, RGLD (0.
7% yield), WPM (0. 5% yield), OR (0. 5% yield) pay a dividend. ARMN does not pay a meaningful dividend and should not be held primarily for income.
09Is ARMN or OR or WPM or RGLD better for a retirement portfolio?
For long-horizon retirement investors, Wheaton Precious Metals Corp.
(WPM) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 63), 0. 5% yield, +649. 6% 10Y return). Both have compounded well over 10 years (WPM: +649. 6%, ARMN: +824. 8%), 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 OR and WPM and RGLD?
Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
OR, WPM, RGLD pay a dividend while ARMN does 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.
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