RyersonGold Royalty

Ryerson vs Gold Royalty

Ryerson and Gold Royalty are presented on this page in a neutral comparison of business models, financial performance, and market context. It considers how each company creates value, deploys capital,...

Which Baskets Do They Appear In?

The Domestic Advantage: Tariff-Resistant Industrials

The Domestic Advantage: Tariff-Resistant Industrials

Ford has lowered its annual profit forecast due to the financial impact of U.S. tariffs, creating a potential advantage for companies with resilient domestic supply chains. This theme identifies businesses that are well-positioned to outperform in a protectionist trade environment.

Published: July 31, 2025

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America's Copper Advantage: Tariffs Reshape The Market

America's Copper Advantage: Tariffs Reshape The Market

The U.S. has imposed a 50% tariff on certain copper imports, causing market volatility and creating a potential advantage for domestic producers. This theme focuses on U.S.-based copper fabricators and refiners who stand to benefit from these protectionist measures.

Published: July 31, 2025

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U.S. Protectionism: American Advantage

U.S. Protectionism: American Advantage

This carefully selected group of stocks represents companies set to benefit from the new 35% tariff on Canadian imports. Our professional analysts have identified these U.S. businesses as being uniquely positioned to capture greater market share and increase their pricing power as foreign competition becomes more expensive.

Published: July 14, 2025

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Investment Analysis

Pros

  • Ryerson achieved revenue in line with guidance despite challenging market conditions, showing resilience in a weak demand environment.
  • The company has reduced its debt and net debt levels compared to the previous quarter, indicating improved balance sheet management.
  • Ryerson is progressing with a merger with Olympic Steel, which could create operational synergies and enhance market position in the future.

Considerations

  • Ryerson reported a net loss for the third quarter of 2025, missing earnings expectations and reflecting ongoing margin pressures.
  • Tons shipped declined compared to the prior quarter, suggesting continued softness in underlying demand for industrial metals.
  • Analysts have trimmed near-term EBITDA forecasts due to softer margins, indicating potential headwinds for profitability in the current fiscal year.

Pros

  • Gold Royalty has significantly increased its revenue in recent years, demonstrating strong growth in its royalty and streaming business.
  • The company is focused on building a diversified portfolio of precious metals royalties, which could provide stable long-term returns.
  • Analyst consensus is strongly positive, with a high average price target suggesting confidence in future share price appreciation.

Considerations

  • Gold Royalty has reported net losses over the past year, indicating ongoing challenges in achieving profitability despite revenue growth.
  • The company does not currently pay a dividend, limiting income potential for investors seeking regular returns.
  • Valuation metrics are elevated compared to sector averages, which may increase downside risk if growth expectations are not met.

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