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Orogen Royalties ( (TSE:OGN) ) has shared an announcement.
Triple Flag Precious Metals Corp. has entered into an agreement to acquire Orogen Royalties Inc. for approximately C$421 million. This acquisition includes a 1.0% NSR royalty on the Expanded Silicon Gold Project, a promising asset located in Nevada, operated by AngloGold Ashanti plc. The deal will see Orogen shareholders receiving a combination of cash, Triple Flag shares, and shares in a new company, Orogen Spinco, which will continue to pursue royalty creation and acquisition. This transaction is expected to enhance Triple Flag’s portfolio and strengthen its strategic partnership with Orogen Spinco, potentially leading to new opportunities in the mining sector.
Spark’s Take on TSE:OGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:OGN is a Outperform.
The overall score of 72 reflects Orogen Royalties’ strong financial performance and positive technical momentum, which are somewhat offset by its high valuation. The robust balance sheet and healthy cash flows support growth, but the high P/E ratio indicates potential overvaluation. With no recent earnings call insights or significant corporate events to factor in, the score primarily relies on financial and technical assessments.
To see Spark’s full report on TSE:OGN stock, click here.
More about Orogen Royalties
Orogen Royalties Inc. operates in the mining industry, focusing on royalty creation and acquisition. The company holds a portfolio of exploration-stage royalties and mineral interests, with a significant focus on organic growth and strategic partnerships.
YTD Price Performance: 9.02%
Average Trading Volume: 100,439
Technical Sentiment Signal: Sell
Current Market Cap: C$292.4M
Learn more about OGN stock on TipRanks’ Stock Analysis page.