Orogen Royalties (OGN) AI Stock Analysis

• Market Cap: C$138.90M
• Dividend Yield: N/A
• Average Volume (3M): 64.90K
• Price to Earnings (P/E): 30.3
• Beta (1Y): 1.64
• Revenue Growth: 39.37%
• EPS Growth: N/A
• Country: CA
• Employees: 10
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.01
• Shares Outstanding: 59,359,932
• 10 Day Avg. Volume: 36,462
• 30 Day Avg. Volume: 64,899
• PEG Ratio: -5.44
• Price to Book (P/B): 3.88
• Price to Sales (P/S): 28.31
• P/FCF Ratio: 86.71
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: C$2.50 ▲(6.84% Upside)

Orogen Royalties scores well due to strong financial performance and positive technical indicators. However, the high P/E ratio suggests overvaluation, and declining free cash flow and equity raise concerns about future growth potential. The absence of a dividend yield further impacts its valuation attractiveness.

Positive Factors

Business Model Strength

The royalty-based business model allows Orogen to earn income without incurring direct mining costs, providing a stable revenue stream and reducing operational risks.

High Profit Margins

High profit margins indicate efficient operations and strong pricing power, contributing to sustained profitability and competitive advantage in the mining sector.

Minimal Debt

Minimal leverage reduces financial risk and enhances financial flexibility, allowing the company to navigate economic fluctuations and invest in growth opportunities.

Negative Factors

Declining Free Cash Flow

A decline in free cash flow may limit the company's ability to fund new investments or return capital to shareholders, potentially impacting long-term growth prospects.

Declining Stockholders' Equity

A decrease in stockholders' equity suggests potential challenges in maintaining financial stability and could affect the company's ability to raise capital in the future.

Declining EBIT

A decline in EBIT indicates potential issues in maintaining operational efficiency, which could affect profitability and the company's ability to invest in growth initiatives.

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, silver, and precious and base metal royalty projects. The company holds interest in the La Verdad epithermal gold-silver project in Durango, Mexico. It has an option to acquire the Lemon Lake property; the Ecru project; the Manhattan Gap; the South Gilbert; the Kalium Canyon project; and the Ghost Ranch project. The company was formerly known as Evrim Resources Corp. and changed its name to Orogen Royalties Inc. in August 2020. Orogen Royalties Inc. was incorporated in 2005 and is headquartered in Vancouver, Canada.

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 allows Orogen to earn income without the direct costs of mining operations, such as exploration, development, or operational expenses. Key revenue streams include upfront payments from mining companies for acquiring royalties, ongoing royalty payments based on production levels, and potential milestone payments as projects progress. Orogen also benefits from strategic partnerships with various mining companies, which can enhance its royalty portfolio and provide additional avenues for revenue generation through joint ventures or collaborative exploration initiatives.

Orogen Royalties Financial Statement Overview

Summary

Orogen Royalties shows strong financial performance with high profitability and low leverage. The company has demonstrated impressive revenue growth and efficient operations, as reflected in its margins. However, the decline in free cash flow and stockholders' equity warrants attention.

Income Statement

Orogen Royalties demonstrates strong revenue growth with a TTM revenue increase of 16% and consistent high gross profit margins above 99%. The net profit margin has improved to 30.85% in TTM, indicating enhanced profitability. EBIT and EBITDA margins are robust, reflecting efficient operations. However, the company has experienced fluctuations in revenue growth rates historically, which could pose a risk.

Balance Sheet

The company maintains a very low debt-to-equity ratio of 0.0066, indicating minimal leverage and strong financial stability. Return on equity is moderate at 5.30% in TTM, showing reasonable returns for shareholders. The equity ratio is healthy, suggesting a solid capital structure. However, the decline in stockholders' equity over recent periods could be a concern if it continues.

Cash Flow

Operating cash flow is strong, with a coverage ratio of 2.11, indicating good cash generation relative to net income. However, free cash flow has declined by 17.44% in TTM, which could impact future investments. The free cash flow to net income ratio remains healthy at 0.82, but the negative growth in free cash flow is a potential risk.

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

• Technical Analysis Sentiment: Positive
• Last Price: 2.34
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

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 2.34 is below the 20-day moving average (MA) of 2.39, above the 50-day MA of 2.30, and above the 200-day MA of 1.65, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 48.82 is Neutral, neither overbought nor oversold. The STOCH value of 16.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OGN.

Orogen Royalties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OGN	73 Outperform	C$138.90M	30.31	9.02%	―	39.37%	―
FISH	69 Neutral	$246.67M	150.93	3.44%	2.20%	5.24%	-17.24%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
ELE	60 Neutral	C$1.43B	75.98	2.92%	―	131.18%	150.47%
PRB	47 Neutral	C$742.56M	-29.47	-81.62%	―	―	18.96%
FDR	46 Neutral	C$498.93M	-62.16	―	―	―	46.54%
MFG	36 Underperform	C$300.59M	-29.57	-22.27%	―	―	50.13%

Orogen Royalties Corporate Events

Orogen Royalties Reports Strong Q3-2025 Financial Results

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, despite a decrease in gold equivalent ounces sold. Orogen’s cash flow from operating activities remained robust, and the company maintained a strong working capital position of $21.64 million, allowing it to continue expanding its royalty portfolio. These results underscore the resilience and scalability of Orogen’s business model, positioning it well for future growth and value creation.

Orogen Royalties Grants 2 Million Stock Options Under Equity Plan

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 and an exercise price of $2.20, will vest over three years and are subject to regulatory acceptance by the TSX Venture Exchange. This move reflects Orogen’s commitment to incentivizing its team and aligning their interests with the company’s growth objectives.

Orogen Royalties Secures Royalty on Firenze Gold Project

Orogen Royalties Inc. has entered into an agreement with Altitude Minerals Ltd., allowing Altitude to acquire the Firenze gold project in Nevada. The deal involves a payment of US$430,000 and a 3% net smelter return royalty, with proceeds from the sale being split between Orogen and its partner, Altius Minerals Corporation. This transaction marks the third royalty generated under Orogen’s alliance with Altius, highlighting the company’s strategic focus on creating value through exploration-stage projects. The Firenze project, with its promising epithermal veins and historical high-grade samples, represents a significant opportunity for future exploration and development.

Orogen Royalties Announces Significant Exploration Updates and New Alliances

Orogen Royalties has announced updates on its exploration projects and royalties, highlighting significant drilling activities across various regions including Nevada, British Columbia, Colombia, and Western Kenya. The company has successfully created new royalties through project sales, formed exploration alliances with major industry partners, and is set to host its second annual Project Generator Day to showcase new exploration opportunities. These developments signify a busy year for Orogen, enhancing its market position and offering potential growth opportunities for stakeholders.

Orogen Royalties Commences Trading on OTCQB Market

Orogen Royalties Inc. has announced that its shares have begun trading on the OTCQB Venture Market under the symbol ‘OGNNF’, marking a significant milestone for the company. This move is expected to enhance liquidity and ease of trading for U.S. shareholders, with future plans to upgrade to the OTCQX market, potentially improving its market positioning and stakeholder engagement.