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OR Royalties upgraded to Outperform at Raymond James after Q3 report

Raymond James upgraded OR Royalties (OR) to Outperform from Market Perform with a $41 price target after the company reported Q3 results and maintained its 2025 and long-term guidance. The firm believes OR Royalties offers investors “a high-margin business with growth,” as well as a portfolio of development and exploration companies with low jurisdictional risk, the analyst tells investors.

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