Orogen Royalties (TSE:OGN)
:OGN
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Orogen Royalties
(OGN)
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Rating:69Neutral
Price Target:
C$3.50
▲(32.08% Upside)
Action:DowngradedDate:01/13/26
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.
Positive Factors
Very low financial leverage
A near-zero debt-to-equity ratio gives Orogen durable financial flexibility: minimal interest burden, strong resilience to commodity cycles, and capacity to finance royalty acquisitions or absorb project delays without distressed funding. This materially lowers solvency risk and supports long-term strategic optionality.
Negative Factors
Declining free cash flow
A >20% fall in free cash flow erodes the company's ability to fund new royalty purchases, pay down obligations, or absorb exploration setbacks. Even with solid cash conversion, a negative FCF trend reduces strategic flexibility and increases reliance on external financing for growth initiatives over the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Very low financial leverage
A near-zero debt-to-equity ratio gives Orogen durable financial flexibility: minimal interest burden, strong resilience to commodity cycles, and capacity to finance royalty acquisitions or absorb project delays without distressed funding. This materially lowers solvency risk and supports long-term strategic optionality.
Read all positive factors
Orogen Royalties (OGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$197.67M
Dividend YieldN/A
Average Volume (3M)64.90K
Price to Earnings (P/E)50.8
Beta (1Y)1.95
Revenue Growth39.37%
EPS GrowthN/A
CountryCA
Employees10
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding59,359,932
10 Day Avg. Volume36,462
30 Day Avg. Volume64,899
Financial Highlights & Ratios
PEG Ratio-5.44
Price to Book (P/B)3.88
Price to Sales (P/S)28.31
P/FCF Ratio86.71
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)<0.01
Revenue Forecast (FY)C$6.10M
Orogen Royalties Business Overview & Revenue Model
Company Description
Orogen Royalties Inc. operates as a mineral exploration company in Canada, the United States, and Mexico. The company operates through two segments, Mineral Royalties and Mineral Exploration Project Generation. It has a portfolio of gold, copper, ...
How the Company Makes Money
Orogen Royalties generates revenue primarily through its portfolio of mineral royalties, which entitles the company to a percentage of the revenue or profit generated from the extraction of minerals from specific properties. This revenue model all...
Orogen Royalties Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 10.45M | 9.35M | 7.83M | 3.78M | 2.08M | 240.20K |
| Gross Profit | 10.37M | 9.27M | 7.74M | 3.65M | 1.89M | 72.15K |
| EBITDA | 5.54M | 4.40M | 3.14M | 841.03K | -1.19M | -3.68M |
| Net Income | 4.14M | 2.59M | 3.04M | 840.18K | -2.83M | -87.57M |
Balance Sheet | ||||||
| Total Assets | 28.55M | 69.76M | 62.59M | 53.11M | 51.67M | 11.93M |
| Cash, Cash Equivalents and Short-Term Investments | 20.33M | 24.23M | 16.93M | 11.37M | 9.12M | 10.84M |
| Total Debt | 205.30K | 256.67K | 191.23K | 235.03K | 229.30K | 333.13K |
| Total Liabilities | 1.99M | 1.65M | 1.01M | 833.21K | 974.57K | 1.05M |
| Stockholders Equity | 26.56M | 68.11M | 61.58M | 52.28M | 50.69M | 10.88M |
Cash Flow | ||||||
| Free Cash Flow | 2.08M | 3.05M | -498.60K | 671.42K | -3.56M | -3.87M |
| Operating Cash Flow | 2.64M | 3.05M | 1.36M | 687.12K | -3.53M | -3.79M |
| Investing Cash Flow | -983.27K | 1.02M | -3.80M | -349.41K | 2.05M | -1.16M |
| Financing Cash Flow | -7.32M | 2.92M | 5.29M | 251.49K | 718.10K | 4.97M |
Orogen Royalties Technical Analysis
Positive
2.65
Price Trends
3.31
Positive
2.94
Positive
2.38
Positive
Market Momentum
-0.04
Negative
54.40
Neutral
83.98
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGN, the sentiment is Positive. The current price of 2.65 is below the 20-day moving average (MA) of 3.27, below the 50-day MA of 3.31, and above the 200-day MA of 2.38, indicating a bullish trend. The MACD of -0.04 indicates Negative momentum. The RSI at 54.40 is Neutral, neither overbought nor oversold. The STOCH value of 83.98 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OGN.
Orogen Royalties Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | C$161.61M | 11.64 | 7.23% | 8.87% | 28.21% | -9.76% | |
69 Neutral | C$197.67M | 50.82 | 8.39% | ― | 39.37% | ― | |
67 Neutral | C$167.79M | 8.32 | 21.93% | ― | 145.27% | ― | |
64 Neutral | C$140.06M | 11.00 | 24.00% | ― | ― | 379.90% | |
61 Neutral | C$259.27M | 23.76 | 3.47% | 2.07% | 5.24% | -17.24% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
49 Neutral | C$176.23M | -18.94 | -5.92% | ― | ― | -7.14% |
* General Sector Average
TSE:OGN
Orogen Royalties
3.33
2.37
246.88%
TSE:GG
Golconda Gold
2.35
2.03
634.38%
TSE:MJS
Majestic Gold
0.16
0.07
82.35%
TSE:NCAU
Newcore Gold
0.62
0.06
10.71%
TSE:XTG
Xtra-Gold Resource
3.02
0.89
41.78%
TSE:FISH
Sailfish Royalty
3.40
1.72
102.74%
Orogen Royalties Corporate Events
Business Operations and StrategyFinancial Disclosures
Orogen Royalties Sets Record Exploration Year and Maps Aggressive 2026 Growth Across Key Copper-Gold Assets
Positive
Jan 26, 2026
Orogen Royalties reported a record year in 2025, with partners funding more than 37,800 metres of drilling and roughly $30 million in exploration, including over 21,000 metres of resource conversion and expansion drilling at the Navidad/Winter and...
Business Operations and Strategy
Orogen Royalties Highlights Exploration Gains at Ermitaño as Santa Elena Expansion Advances
Positive
Dec 18, 2025
Orogen Royalties reported continued exploration success on the Ermitaño royalty area of interest in Sonora, Mexico, where operator First Majestic Silver has extended gold and silver mineralization at the Navidad and Winter veins to roughly 1,...
Business Operations and Strategy
Orogen Royalties Highlights Initial Resource Estimate at MPD Project
Positive
Dec 11, 2025
Orogen Royalties has announced an initial Mineral Resource Estimate for Kodiak Copper’s MPD copper-gold project, highlighting significant copper and gold resources in the southern area where Orogen holds a royalty interest. The estimate reve...
Business Operations and StrategyFinancial Disclosures
Orogen Royalties Reports Strong Q3-2025 Financial Results
Positive
Nov 25, 2025
Orogen Royalties Inc. reported strong financial results for Q3-2025, with net income before tax rising significantly to $1.32 million from $0.25 million in the previous year. The company’s royalty revenue increased by 9% to $2.3 million, des...
Business Operations and Strategy
Orogen Royalties Grants 2 Million Stock Options Under Equity Plan
Neutral
Nov 5, 2025
Orogen Royalties Inc. has announced the grant of 2,000,000 incentive stock options to its directors, officers, employees, and consultants as part of its Omnibus Equity Incentive Compensation Plan. These stock options, which have a five-year life a...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.