OR Royalties (OR) AI Stock Analysis

• Market Cap: C$9.59B
• Dividend Yield: 0.55%
• Average Volume (3M): 498.23K
• Price to Earnings (P/E): 46.6
• Beta (1Y): 1.16
• Revenue Growth: 37.22%
• EPS Growth: N/A
• Country: CA
• Employees: 124
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Gold
• EPS (TTM): 0.30
• Shares Outstanding: 187,985,890
• 10 Day Avg. Volume: 666,388
• 30 Day Avg. Volume: 498,226
• PEG Ratio: -1.44
• Price to Book (P/B): 2.84
• Price to Sales (P/S): 17.66
• P/FCF Ratio: 40.96
• 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$61.31
• Price Target Upside: 20.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 8
• EPS Forecast (FY): 1.17
• Revenue Forecast (FY): C$382.48M

• Rating: 70 Outperform
• Price Target: C$52.00 ▲(1.92% Upside)

Osisko Gold Royalties' overall stock score reflects strong financial performance and positive corporate events, which are offset by high valuation concerns and mixed technical indicators. The company's strategic initiatives and debt-free status are significant strengths, but challenges in revenue growth and valuation need to be addressed.

Positive Factors

Debt-Free Status

Achieving a debt-free status enhances financial flexibility and reduces interest expenses, allowing for potential reinvestment in growth opportunities.

High Cash Margins

Sustaining high cash margins indicates strong operational efficiency and profitability, providing a robust buffer against market fluctuations.

Record Revenue Growth

Significant revenue growth reflects successful strategic positioning and the ability to capitalize on favorable commodity prices.

Negative Factors

Decline in Revenue Growth

A decline in revenue growth can signal potential difficulties in maintaining market position and could impact future earnings potential.

Challenges in Securing New Transactions

Inability to secure new transactions may limit future growth opportunities and diversification of revenue streams.

Potential Delays in Future Production

Uncertainty in future production plans could affect long-term supply and revenue stability, impacting strategic planning.

OR 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 with mining companies. In a royalty agreement, Osisko receives a percentage of the revenue generated from the sale of metals produced by the mines it is partnered with, while in streaming agreements, the company provides upfront capital to mining operations in exchange for the right to purchase a portion of the mine's production at a predetermined price. This model allows Osisko to benefit from the upside of rising metal prices without the operational risks and costs associated with mining. Key revenue streams include payments from established mines as well as from projects under development. Additionally, strategic partnerships with various mining companies enhance its portfolio and potential revenue sources, contributing to its overall financial stability and growth prospects.

OR Royalties Financial Statement Overview

Summary

Osisko Gold Royalties shows strong profitability and a solid balance sheet with low leverage. However, challenges include a decline in revenue growth and free cash flow growth, which pose potential risks.

Income Statement

Osisko Gold Royalties demonstrates strong profitability with a high gross profit margin of 86.10% and a solid EBIT margin of 60.81% for TTM. However, the company faces challenges with a negative revenue growth rate of -1.75% in the TTM period, indicating a decline in sales. Despite this, the net profit margin has improved significantly to 33.15% from previous periods, showcasing enhanced cost management and profitability.

Balance Sheet

The balance sheet is robust with a low debt-to-equity ratio of 0.032, indicating minimal leverage and strong financial stability. The return on equity is moderate at 6.78%, reflecting efficient use of equity to generate profits. The equity ratio stands at a healthy level, suggesting a strong capital structure with significant equity backing.

Cash Flow

Cash flow analysis reveals a decrease in free cash flow growth by -14.92% in the TTM period, which could be a concern for future investments. However, the operating cash flow to net income ratio is strong at 8.98, indicating robust cash generation relative to net income. The free cash flow to net income ratio is also healthy at 0.56, suggesting good cash conversion.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	251.47M	190.98M	182.79M	162.33M	176.35M	167.35M
Gross Profit	232.32M	184.24M	170.48M	150.35M	146.83M	117.45M
EBITDA	254.53M	161.30M	142.54M	132.06M	129.02M	90.01M
Net Income	148.85M	16.25M	-37.34M	-88.50M	-18.47M	13.22M
Balance Sheet
Total Assets	2.11B	1.39B	1.51B	1.52B	1.89B	1.92B
Cash, Cash Equivalents and Short-Term Investments	147.33M	59.06M	57.16M	67.48M	90.73M	239.72M
Total Debt	7.34M	98.62M	150.49M	115.94M	336.27M	322.58M
Total Liabilities	167.76M	202.43M	268.75M	228.49M	497.72M	475.58M
Stockholders Equity	1.94B	1.19B	1.24B	1.29B	1.28B	1.35B
Cash Flow
Free Cash Flow	113.33M	82.32M	-78.37M	-10.63M	11.85M	-23.43M
Operating Cash Flow	210.47M	152.25M	140.82M	81.94M	83.20M	84.58M
Investing Cash Flow	-107.83M	-72.01M	-165.52M	-284.59M	-213.34M	-174.76M
Financing Cash Flow	-89.27M	-71.27M	10.77M	163.39M	-15.37M	248.21M

OR Royalties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 51.02
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 51.02 is above the 20-day moving average (MA) of 48.30, above the 50-day MA of 47.60, and above the 200-day MA of 40.29, indicating a bullish trend. The MACD of 0.68 indicates Negative momentum. The RSI at 63.18 is Neutral, neither overbought nor oversold. The STOCH value of 73.58 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:OR.

OR Royalties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KNT	74 Outperform	C$5.63B	15.86	46.21%	―	81.13%	234.33%
OGN	73 Outperform	C$138.90M	30.31	9.02%	―	39.37%	―
OR	70 Outperform	C$9.59B	46.62	11.26%	0.55%	37.22%	―
SSL	69 Neutral	―	―	2.41%	0.50%	17.31%	19.28%
FISH	69 Neutral	C$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%

OR Royalties Corporate Events

OR Royalties Reports Record Q3 2025 Financial Results and Achieves Debt-Free Status

OR Royalties Inc. reported record quarterly revenues and a significant increase in cash flows from operating activities in Q3 2025, highlighting a robust financial performance. The company achieved debt-free status for the first time in over a decade, reflecting strong cash management and strategic growth initiatives. The announcement underscores OR Royalties’ strengthened position in the market, with key developments in its portfolio, including new partnerships and upcoming projects, expected to drive future growth.

OR Royalties Declares Q4 2025 Dividend and Updates Dividend Reinvestment Plan

OR Royalties Inc. has announced a fourth quarter 2025 dividend of US$0.055 per common share, payable on January 15, 2026, to shareholders of record as of December 31, 2025. This move underscores the company’s commitment to providing returns to its shareholders and may enhance investor confidence. Additionally, non-registered beneficial shareholders are reminded to update their enrolment in the company’s dividend reinvestment plan due to a recent name change and new CUSIP number, which offers a 3% discount. This announcement reflects OR Royalties’ strategic focus on maintaining shareholder value and adapting to operational changes.

OR Royalties Reports Positive Developments in Key Mining Assets

OR Royalties Inc. announced positive developments across several key assets, including Cascabel, Cariboo, Marimaca MOD, Spring Valley, Dalgaranga, and Windfall, which are expected to boost confidence in their development timelines. The company highlighted significant exploration results at TDG Gold’s AuWEST project, reinforcing a recent royalty acquisition. At the Cascabel project in Ecuador, operated by SolGold plc, an updated execution plan and development pathway have been outlined, with first production anticipated by 2028. OR Royalties holds a 0.6% net smelter return royalty over Cascabel and a 6% stream of the contained gold produced, with financial commitments to support its development. These advancements are expected to serve as catalysts for portfolio growth throughout 2025, underscoring the company’s strategic positioning in the mining sector.