OR vs. KGC

Last updated Apr 1, 2026

Compare and contrast key facts about Osisko Gold Royalties Ltd (OR) and Kinross Gold Corporation (KGC).

Performance

OR vs. KGC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Osisko Gold Royalties Ltd (OR) and Kinross Gold Corporation (KGC). The values are adjusted to include any dividend payments, if applicable.

OR vs. KGC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
OR Osisko Gold Royalties Ltd	7.60%	96.95%	28.14%	19.96%	0.02%	-2.01%	32.58%	12.20%	-22.72%	20.74%
KGC Kinross Gold Corporation	8.51%	206.11%	55.63%	51.83%	-27.59%	-19.00%	56.04%	46.30%	-25.00%	38.91%

Fundamentals

Market Cap OR : $7.20B KGC : $36.89B
EPS OR : $1.22 KGC : $1.97
PE Ratio OR : 31.06 KGC : 15.53
PEG Ratio OR : 0.12 KGC : 0.21
PS Ratio OR : 23.00 KGC : 5.27
PB Ratio OR : 3.67 KGC : 4.31
Total Revenue (TTM) OR : $312.94M KGC : $7.06B
Gross Profit (TTM) OR : $262.59M KGC : $3.48B
EBITDA (TTM) OR : $307.64M KGC : $4.26B

Returns By Period

In the year-to-date period, OR achieves a 7.60% return, which is significantly lower than KGC's 8.51% return. Over the past 10 years, OR has underperformed KGC with an annualized return of 15.20%, while KGC has yielded a comparatively higher 25.62% annualized return.

OR

• 1D: 8.03%
• 1M: -19.65%
• YTD: 7.60%
• 6M: -4.85%
• 1Y: 81.23%
• 3Y*: 35.34%
• 5Y*: 28.62%
• 10Y*: 15.20%

KGC

• 1D: 6.71%
• 1M: -17.39%
• YTD: 8.51%
• 6M: 23.13%
• 1Y: 143.53%
• 3Y*: 89.08%
• 5Y*: 36.79%
• 10Y*: 25.62%

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

Return for Risk

OR vs. KGC — Risk / Return Rank

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

OR

OR Risk / Return Rank: 85
OR Sharpe Ratio Rank: 89
OR Sortino Ratio Rank: 81
OR Omega Ratio Rank: 84
OR Calmar Ratio Rank: 84
OR Martin Ratio Rank: 85

KGC

KGC Risk / Return Rank: 94
KGC Sharpe Ratio Rank: 96
KGC Sortino Ratio Rank: 91
KGC Omega Ratio Rank: 92
KGC Calmar Ratio Rank: 94
KGC Martin Ratio Rank: 96

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.

OR vs. KGC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Osisko Gold Royalties Ltd (OR) and Kinross Gold Corporation (KGC). 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.

	OR	KGC	Difference
Sharpe ratio Return per unit of total volatility	1.86	2.87	-1.01
Sortino ratio Return per unit of downside risk	2.16	2.89	-0.74
Omega ratio Gain probability vs. loss probability	1.32	1.42	-0.10
Calmar ratio Return relative to maximum drawdown	2.68	4.83	-2.15
Martin ratio Return relative to average drawdown	7.89	17.11	-9.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

OR vs. KGC - Sharpe Ratio Comparison

The current OR Sharpe Ratio is 1.86, which is lower than the KGC Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of OR and KGC, 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

	OR	KGC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.86	2.87	-1.01
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.85	-0.03
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	0.54	-0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.08	+0.31

Correlation

The correlation between OR and KGC is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

OR vs. KGC - Dividend Comparison

OR's dividend yield for the trailing twelve months is around 0.58%, more than KGC's 0.44% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
OR Osisko Gold Royalties Ltd	0.58%	0.59%	1.02%	1.34%	1.38%	1.37%	1.18%	1.56%	1.72%	1.56%	1.65%
KGC Kinross Gold Corporation	0.44%	0.44%	1.29%	1.98%	2.93%	2.69%	0.82%	0.00%	0.00%	0.00%	0.00%

Drawdowns

OR vs. KGC - Drawdown Comparison

The maximum OR drawdown since its inception was -61.90%, smaller than the maximum KGC drawdown of -96.00%. Use the drawdown chart below to compare losses from any high point for OR and KGC.

Drawdown Indicators

	OR	KGC	Difference
Max Drawdown Largest peak-to-trough decline	-61.90%	-96.00%	+34.10%
Max Drawdown (1Y) Largest decline over 1 year	-31.13%	-30.20%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	-37.18%	-61.44%	+24.26%
Max Drawdown (10Y) Largest decline over 10 years	-61.90%	-67.75%	+5.85%
Current Drawdown Current decline from peak	-20.22%	-19.73%	-0.49%
Average Drawdown Average peak-to-trough decline	-18.01%	-57.85%	+39.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.56%	8.52%	+2.04%

Volatility

OR vs. KGC - Volatility Comparison

Osisko Gold Royalties Ltd (OR) and Kinross Gold Corporation (KGC) have volatilities of 17.40% and 17.82%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OR	KGC	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.40%	17.82%	-0.42%
Volatility (6M) Calculated over the trailing 6-month period	37.17%	40.92%	-3.75%
Volatility (1Y) Calculated over the trailing 1-year period	43.85%	50.25%	-6.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	35.00%	43.55%	-8.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	38.54%	47.66%	-9.12%

Financials

OR vs. KGC - Profitability Comparison

The chart below illustrates the profitability comparison between Osisko Gold Royalties Ltd and Kinross Gold Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

OR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a gross profit of 107.75M and revenue of 126.04M. Therefore, the gross margin over that period was 85.5%.

KGC - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported a gross profit of 1.08B and revenue of 2.05B. Therefore, the gross margin over that period was 52.4%.

OR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported an operating income of 97.71M and revenue of 126.04M, resulting in an operating margin of 77.5%.

KGC - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported an operating income of 985.01M and revenue of 2.05B, resulting in an operating margin of 48.0%.

OR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Osisko Gold Royalties Ltd reported a net income of 90.90M and revenue of 126.04M, resulting in a net margin of 72.1%.

KGC - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Kinross Gold Corporation reported a net income of 920.43M and revenue of 2.05B, resulting in a net margin of 44.8%.