Orogen Royalties Forms Strategic Alliance with South32 for Base Metal Exploration

Orogen Royalties ( (TSE:OGN) ) has shared an announcement.

Orogen Royalties Inc. has entered into a multi-year Generative Exploration Alliance Agreement with South32 Limited to focus on generating base metal targets in western North America. This collaboration allows Orogen to leverage its expertise and data for organic royalty generation, with South32 funding exploration costs and potentially earning a 100% interest in designated projects by meeting specific financial commitments. Orogen will retain a net smelter return royalty, enhancing its industry positioning and offering potential benefits to stakeholders.

The most recent analyst rating on (TSE:OGN) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Orogen Royalties stock, see the TSE:OGN Stock Forecast page.

Spark’s Take on TSE:OGN Stock

According to Spark, TipRanks’ AI Analyst, TSE:OGN is a Outperform.

Orogen Royalties is well-positioned with strong financial performance and strategic corporate events driving growth potential. Technical indicators show positive momentum, though caution is advised due to overbought signals. Valuation is reasonable, but the lack of dividend yield is a minor drawback.

To see Spark’s full report on TSE:OGN stock, click here.

More about Orogen Royalties

Orogen Royalties Inc. is focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. The company’s royalty portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico, operated by First Majestic Silver Corp. Orogen is well-financed with several projects actively being developed by joint venture partners.

Average Trading Volume: 75,181

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$104.5M

Find detailed analytics on OGN stock on TipRanks’ Stock Analysis page.