Osisko Gold Royalties (OR) AI Stock Analysis

• Market Cap: C$8.96B
• Dividend Yield: 0.57%
• Average Volume (3M): 360.00K
• Price to Earnings (P/E): 81.1
• Beta (1Y): 0.90
• Revenue Growth: 18.24%
• EPS Growth: N/A
• Country: CA
• Employees: 124
• Sector: Basic Materials
• Sector Strength: 67
• Industry: Gold
• EPS (TTM): 0.25
• Shares Outstanding: 188,176,650
• 10 Day Avg. Volume: 426,046
• 30 Day Avg. Volume: 360,000
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• 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: C$44.36
• Price Target Upside: -6.78% Downside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 9

• Rating: 76 Outperform
• Price Target: C$47.00 ▼(-1.24% Downside)

Osisko Gold Royalties is bolstered by strong financial performance and positive technical indicators. The earnings call provided a positive outlook with record cash flows and strategic growth initiatives. However, the high P/E ratio suggests potential overvaluation, and there are operational challenges that need addressing.

Positive Factors

Financial Stability

The quarterly dividend was increased by 20%, signaling confidence in the company's financial stability.

Growth Potential

Near-term production growth is targeted for Osisko, indicating potential for increased future revenues.

Liquidity

Osisko ended the quarter with $63.1M in cash, reflecting strong liquidity and financial management.

Negative Factors

Development Risks

Development risk exposure remains a concern for Osisko.

Earnings Performance

Osisko reported Q1/25 GEO results that were a bit below expectations.

Performance Expectations

Certain royalties were a bit weaker relative to expectations.

Osisko Gold Royalties Business Overview & Revenue Model

Company Description

OR Royalties, Inc. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

How the Company Makes Money

Osisko Gold Royalties generates revenue primarily through its royalty and streaming agreements. The company earns a percentage of the revenue or production from the mines in which it holds interests, allowing it to benefit from the upside of metal prices without the associated costs of mining operations. Key revenue streams include gold and silver royalties, as well as streaming agreements that provide upfront payments in exchange for future metal deliveries at predetermined prices. Additionally, Osisko has established significant partnerships with various mining companies, enhancing its portfolio and providing a stable income through its diversified asset base. The company's strategic focus on acquiring quality assets in established mining regions further contributes to its earnings potential.

Osisko Gold Royalties Financial Statement Overview

Summary

Osisko Gold Royalties shows a mixed financial performance. The balance sheet is strong with low leverage and high equity, but the income statement reveals challenges in revenue stability and profitability margins. Cash flow has improved, but past inconsistencies suggest potential volatility. The company's financial health is stable, but there are areas for improvement, especially in revenue growth and cash management.

Income Statement

The company's revenue has shown volatility, with a noticeable decline in 2024 compared to previous years. This has impacted the gross profit margin, which remains relatively high at 96.47% for 2024. However, the net profit margin improved to 8.51% from a significant loss in the previous year, indicating better cost management. Despite these improvements, the revenue growth rate is negative, and EBIT margin has decreased, signaling challenges in maintaining profitability.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.08 and a high equity ratio of 86.32%, indicating financial stability and low leverage. The return on equity has improved to 1.37%, reflecting slight profitability improvements. Overall, the company maintains strong equity positions, but low ROE could be a concern for future growth prospects.

Cash Flow

The company has a strong operating cash flow, significantly higher than net income, which is a positive indicator of cash generation capability. The free cash flow turned positive in 2024 from a negative position in the previous year, showing improved financial health. However, the free cash flow growth rate is not favorable due to previous negative values, and this could signal inconsistent cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	251.89M	274.82M	247.32M	217.81M	224.88M	213.63M
Gross Profit	216.87M	206.65M	173.06M	150.38M	138.87M	104.33M
EBITDA	192.21M	232.12M	33.55M	189.74M	178.06M	107.83M
Net Income	83.49M	16.27M	-48.34M	85.28M	-56.67M	16.88M
Balance Sheet
Total Assets	1.44B	1.38B	2.01B	2.00B	2.37B	2.40B
Cash, Cash Equivalents and Short-Term Investments	49.63M	84.96M	75.92M	90.55M	115.70M	306.02M
Total Debt	41.30M	98.68M	199.88M	155.57M	428.80M	411.80M
Total Liabilities	151.83M	188.68M	356.94M	259.09M	590.56M	556.07M
Stockholders Equity	1.29B	1.19B	1.65B	1.74B	1.63B	1.73B
Cash Flow
Free Cash Flow	107.61M	86.48M	-104.08M	-14.26M	-170.14M	-29.91M
Operating Cash Flow	193.63M	159.93M	187.03M	109.95M	106.09M	107.98M
Investing Cash Flow	-115.18M	-75.64M	-219.84M	-381.86M	-272.04M	-223.10M
Financing Cash Flow	-68.97M	-74.87M	14.31M	219.24M	-19.60M	316.86M

Osisko Gold Royalties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 47.59
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OR, the sentiment is Positive. The current price of 47.59 is above the 20-day moving average (MA) of 43.24, above the 50-day MA of 39.75, and above the 200-day MA of 32.15, indicating a bullish trend. The MACD of 1.79 indicates Negative momentum. The RSI at 86.46 is Negative, neither overbought nor oversold. The STOCH value of 95.51 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OR.

Osisko Gold Royalties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OR	76 Outperform	C$8.96B	81.13	6.27%	0.57%	18.24%	―
Sector *	62 Neutral	$10.36B	6.35	0.80%	2.84%	3.10%	-36.03%
SAND	―	$3.37B	98.29	2.41%	0.54%	―	―
KNT	78 Outperform	C$3.93B	13.08	45.10%	―	131.16%	648.58%
OGN	75 Outperform	C$111.00M	24.22	6.34%	―	22.53%	―
ELE	72 Outperform	C$528.39M	82.06	2.53%	―	131.19%	―
SROYF	―	$158.52M	370.65	0.25%	2.36%	―	―

Osisko Gold Royalties Corporate Events

OR Royalties Announces Q3 2025 Dividend and Reinvestment Plan Details

OR Royalties Inc. has declared a third quarter 2025 dividend of US$0.055 per common share, payable on October 15, 2025, to shareholders recorded by September 30, 2025. The company has also reminded shareholders about its dividend reinvestment plan, which allows Canadian and U.S. residents to reinvest dividends into common shares. The recent corporate name change necessitates re-registration for some non-registered beneficial shareholders to continue participating in the plan, highlighting the importance of consulting financial advisors for tax implications and enrollment procedures.

The most recent analyst rating on (TSE:OR) stock is a Buy with a C$29.00 price target. To see the full list of analyst forecasts on Osisko Gold Royalties stock, see the TSE:OR Stock Forecast page.

OR Royalties Reports Strong Q2 2025 Financial Results and Strategic Acquisitions

OR Royalties Inc. reported a significant 34% increase in cash flows from operating activities in Q2 2025, reaching $51.4 million. The company also achieved revenues of $60.4 million from royalties and streams, and net earnings of $32.4 million. Notable developments include the acquisition of a 100% silver stream on Orla Mining Ltd.’s South Railroad project and the receipt of first royalty payments from Cardinal Namdini Mining and Talisker Resources. The company increased its revolving credit facility to $650 million and extended its maturity date, signaling strong financial positioning. Additionally, OR Royalties declared a 20% increase in its quarterly dividend, reflecting confidence in its future performance.

The most recent analyst rating on (TSE:OR) stock is a Buy with a C$29.00 price target. To see the full list of analyst forecasts on Osisko Gold Royalties stock, see the TSE:OR Stock Forecast page.

OR Royalties Reports Record Q2 2025 Revenue and Cash Margin

OR Royalties Inc. announced its preliminary results for the second quarter of 2025, highlighting record quarterly revenue of $60.4 million and a cash margin of $57.8 million, representing 95.8% of revenues. The company reported a cash position of $49.6 million after significant repayments on its revolving credit facility, with further reductions in debt subsequent to the quarter-end. These results indicate strong financial performance and improved liquidity, reinforcing OR Royalties’ position in the mining industry.

The most recent analyst rating on (TSE:OR) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Osisko Gold Royalties stock, see the TSE:OR Stock Forecast page.

OR Royalties Expands Portfolio with New Silver Stream Acquisition and Positive Asset Updates

OR Royalties announced positive updates on select development assets outside its current five-year growth outlook, highlighting the potential inclusion of these assets in future growth plans. The company has acquired a 100% silver stream on Orla Mining’s South Railroad project in Nevada, which is expected to start production by 2027. Additionally, OR Royalties holds a significant net smelter return royalty on the Spring Valley gold project, which is progressing towards construction with potential financing from the Export-Import Bank of the United States. These developments enhance OR Royalties’ asset portfolio and strengthen its position in the mining industry.

The most recent analyst rating on (TSE:OR) stock is a Buy with a C$28.00 price target. To see the full list of analyst forecasts on Osisko Gold Royalties stock, see the TSE:OR Stock Forecast page.