Orogen Royalties Receives Proxy Advisory Support for Triple Flag Arrangement

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

Orogen Royalties Inc. has announced that leading independent proxy advisory firms, including Institutional Shareholder Services Inc., recommend shareholders vote in favor of an arrangement resolution with Triple Flag Precious Metals Corp. This resolution, to be decided at the upcoming Annual General and Special Meeting, involves Triple Flag acquiring all outstanding shares of Orogen for approximately $421 million. The transaction includes cash, Triple Flag shares, and shares of a new company, Orogen Spinco. This strategic move is expected to provide immediate value and potential upside for shareholders, while also establishing a generative exploration alliance in the western United States.

Spark’s Take on TSE:OGN Stock

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

Orogen Royalties’ strong financial performance and positive corporate events are key strengths, supporting a stable outlook. However, high valuation metrics and technical indicators suggesting overbought conditions temper the overall score, urging cautious optimism. The acquisition by Triple Flag Precious Metals presents a significant opportunity for value realization and strategic growth.

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

More about Orogen Royalties

Orogen Royalties Inc. is engaged in the creation and acquisition of royalties on precious and base metal discoveries in western North America. The company’s portfolio includes royalties on the Ermitaño gold and silver mine in Sonora, Mexico, and the Expanded Silicon gold project in Nevada, USA. Orogen is financially robust with several projects under development through joint ventures.

Average Trading Volume: 264,204

Technical Sentiment Signal: Buy

Current Market Cap: C$387.4M

Learn more about OGN stock on TipRanks’ Stock Analysis page.