GROY vs. AEM

Last updated Apr 1, 2026

Compare and contrast key facts about Gold Royalty Corp. (GROY) and Agnico Eagle Mines Limited (AEM).

Performance

GROY vs. AEM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Gold Royalty Corp. (GROY) and Agnico Eagle Mines Limited (AEM). The values are adjusted to include any dividend payments, if applicable.

GROY vs. AEM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
GROY Gold Royalty Corp.	-11.39%	233.88%	-17.69%	-36.27%	-51.98%	37.43%
AEM Agnico Eagle Mines Limited	19.95%	119.53%	46.04%	8.98%	1.08%	-6.09%

Fundamentals

Market Cap GROY : $803.82M AEM : $102.04B
EPS GROY : -$0.02 AEM : $8.83
PS Ratio GROY : 43.27 AEM : 8.61
PB Ratio GROY : 1.15 AEM : 4.12
Total Revenue (TTM) GROY : $15.61M AEM : $11.87B
Gross Profit (TTM) GROY : $11.81M AEM : $6.80B
EBITDA (TTM) GROY : $6.29M AEM : $8.35B

Returns By Period

In the year-to-date period, GROY achieves a -11.39% return, which is significantly lower than AEM's 19.95% return.

GROY

• 1D: 8.48%
• 1M: -23.34%
• YTD: -11.39%
• 6M: -7.25%
• 1Y: 148.61%
• 3Y*: 18.56%
• 5Y*: -3.88%
• 10Y*: —

AEM

• 1D: 5.80%
• 1M: -19.18%
• YTD: 19.95%
• 6M: 20.91%
• 1Y: 89.16%
• 3Y*: 61.82%
• 5Y*: 30.88%
• 10Y*: 20.98%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

GROY vs. AEM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GROY

GROY Risk / Return Rank: 91
GROY Sharpe Ratio Rank: 95
GROY Sortino Ratio Rank: 90
GROY Omega Ratio Rank: 87
GROY Calmar Ratio Rank: 90
GROY Martin Ratio Rank: 93

AEM

AEM Risk / Return Rank: 88
AEM Sharpe Ratio Rank: 91
AEM Sortino Ratio Rank: 85
AEM Omega Ratio Rank: 86
AEM Calmar Ratio Rank: 87
AEM Martin Ratio Rank: 91

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GROY vs. AEM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Gold Royalty Corp. (GROY) and Agnico Eagle Mines Limited (AEM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	GROY	AEM	Difference
Sharpe ratio Return per unit of total volatility	2.58	2.04	+0.55
Sortino ratio Return per unit of downside risk	2.84	2.33	+0.50
Omega ratio Gain probability vs. loss probability	1.35	1.33	+0.02
Calmar ratio Return relative to maximum drawdown	3.76	3.14	+0.62
Martin ratio Return relative to average drawdown	13.07	10.90	+2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GROY vs. AEM - Sharpe Ratio Comparison

The current GROY Sharpe Ratio is 2.58, which is comparable to the AEM Sharpe Ratio of 2.04. The chart below compares the historical Sharpe Ratios of GROY and AEM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	GROY	AEM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.58	2.04	+0.55
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.07	0.85	-0.92
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.56	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.18	-0.17

Correlation

The correlation between GROY and AEM is 0.55, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

GROY vs. AEM - Dividend Comparison

GROY has not paid dividends to shareholders, while AEM's dividend yield for the trailing twelve months is around 0.81%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GROY Gold Royalty Corp.	0.00%	0.00%	0.00%	1.36%	1.72%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
AEM Agnico Eagle Mines Limited	0.81%	0.94%	2.05%	2.92%	3.08%	2.63%	2.36%	0.89%	1.09%	0.89%	0.86%	1.22%

Drawdowns

GROY vs. AEM - Drawdown Comparison

The maximum GROY drawdown since its inception was -82.01%, smaller than the maximum AEM drawdown of -90.49%. Use the drawdown chart below to compare losses from any high point for GROY and AEM.

Drawdown Indicators

	GROY	AEM	Difference
Max Drawdown Largest peak-to-trough decline	-82.01%	-90.49%	+8.48%
Max Drawdown (1Y) Largest decline over 1 year	-39.54%	-28.97%	-10.57%
Max Drawdown (5Y) Largest decline over 5 years	-82.01%	-46.76%	-35.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-53.86%	—
Current Drawdown Current decline from peak	-44.94%	-19.51%	-25.43%
Average Drawdown Average peak-to-trough decline	-56.15%	-46.76%	-9.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	11.37%	8.35%	+3.02%

Volatility

GROY vs. AEM - Volatility Comparison

Gold Royalty Corp. (GROY) has a higher volatility of 18.65% compared to Agnico Eagle Mines Limited (AEM) at 16.46%. This indicates that GROY's price experiences larger fluctuations and is considered to be riskier than AEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GROY	AEM	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.65%	16.46%	+2.19%
Volatility (6M) Calculated over the trailing 6-month period	43.16%	35.61%	+7.55%
Volatility (1Y) Calculated over the trailing 1-year period	57.87%	43.99%	+13.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	58.37%	36.39%	+21.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	60.03%	37.45%	+22.58%

Financials

GROY vs. AEM - Profitability Comparison

The chart below illustrates the profitability comparison between Gold Royalty Corp. and Agnico Eagle Mines Limited over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

GROY - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Gold Royalty Corp. reported a gross profit of 2.95M and revenue of 4.50M. Therefore, the gross margin over that period was 65.6%.

AEM - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported a gross profit of 2.20B and revenue of 3.56B. Therefore, the gross margin over that period was 61.7%.

GROY - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Gold Royalty Corp. reported an operating income of 105.00K and revenue of 4.50M, resulting in an operating margin of 2.3%.

AEM - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported an operating income of 1.99B and revenue of 3.56B, resulting in an operating margin of 55.9%.

GROY - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Gold Royalty Corp. reported a net income of -920.00K and revenue of 4.50M, resulting in a net margin of -20.4%.

AEM - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Agnico Eagle Mines Limited reported a net income of 1.52B and revenue of 3.56B, resulting in a net margin of 42.7%.