Orogen Royalties Secures New 2% NSR on Nevada’s Ecru Gold Project

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

Orogen Royalties has entered into a purchase and sale agreement with Quebec Nickel Corp. under which Quebec Nickel can acquire a 100% interest in the Ecru gold project in Nevada for $540,000 in cash and shares, and will grant Orogen a non-buyable 2% net smelter return royalty. The deal, expected to close within 30 days, enables Orogen to convert its generative exploration success at Ecru—located on the prolific Cortez trend adjacent to Nevada Gold Mines’ Robertson deposit and prospective for both Carlin- and Robertson-style mineralization—into a new royalty while Quebec Nickel advances exploration on the property.

The most recent analyst rating on (TSE:OGN) stock is a Hold with a C$3.50 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 Neutral.

The score is primarily supported by strong profitability and very low financial leverage, but it is held back by declining free cash flow/equity. Technically, momentum is strong, yet overbought signals raise near-term risk. Valuation is a notable headwind given the high P/E and no stated dividend yield.

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

More about Orogen Royalties

Orogen Royalties Inc. is a royalty and project generation company focused on organic royalty creation and royalty acquisitions on precious and base metal discoveries in western North America. Its portfolio includes a 2.0% net smelter return royalty on the Ermitaño gold and silver mine in Sonora, Mexico, and it maintains a pipeline of projects advanced through joint venture partners.

Average Trading Volume: 39,275

Technical Sentiment Signal: Strong Buy

Current Market Cap: C$198.9M

For an in-depth examination of OGN stock, go to TipRanks’ Overview page.