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OROR Royalties Inc.
$36.22$6.8B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
OR logo

OR Royalties Inc.

OR
NYSE · Precious Metal Royalties
$36.22
At close - USD
Market Cap$6.79B
P/E32.6x
52W High$48.06
Volume806.15K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Explosive Royalty Growth Tempered by Capital Structure Shift

OR Royalties Inc. presents a compelling but volatile investment profile, driven by a dramatic acceleration in revenue growth to 120.8% year-over-year in Q2 2026 and a best-in-class gross margin of 84.0%.

GrowthAccelerating
ProfitabilityStrong
ValuationAttractive
TechnicalsWeak
Explore valuation models
MARKET ACTION

OR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-7% Peers

P/E is 7% below peer median

03

Market leadership

RS 57 · Avg

Average momentum (RS Rating: 57)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystConfirmed earnings · Nov 11
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

OR's income statement demonstrates a powerful inflection, with Q2 2026 revenue surging 120.8% year-over-year to $97.8M while maintaining a high 84.0% gross margin, though net income volatility from non-cash items raises earnings quality concerns.

Analyst Consensus+11.3% target
Buy(9 analysts)
5 Buy4 Hold0 Sell

The Bull Case

Upside Catalysts

Record royalty revenues

OR Royalties Inc. reported record royalty and streaming revenues of US$277.4 million for the full year 2025, driven by higher attributable gold equivalent production.

Strong gold production

The company achieved 80,775 attributable gold equivalent ounces for the full year 2025, indicating robust operational performance.

Potential M&A upside

Near-term attention centers on M&A activity, with potential upside from accretive deals and commodity rallies.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
OR+3.39%
S&P 500 (^GSPC)+7.63%
1-Year Return
OR+17.31%
S&P 500 (^GSPC)+9.69%
3-Year Return
OR+187.33%
S&P 500 (^GSPC)+74.39%
5-Year Return
OR+196.22%
S&P 500 (^GSPC)+61.75%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
24.1x
Forward P/EExpansion
19.7x
EV/EBITDA40th %ile
20.6x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
24.1x
201.1x
0th· Low
EV/EBITDA
20.6x
21.0x
40th· Fair
Price/FCF
N/A
56.5x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$10.56-70.8%
Base (Fair)$18.36-49.3%
Bull$19.03-47.5%
$10.56 Bear$18.36 Base$19.03 Bull
Current Market Price: $36.22
Trades at a 97.3% premium to Base DCF ($18.36)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$282M+47.5% YoY
Net income FY25
$210M+1188.0% YoY
Free cash flow FY25
$212M+253.1% YoY
Operating margin FY25
72.9%+5.3 pts YoY
ROIC (FY25)14.4%
Avg ROIC 5Y-
ROE (FY25)18.6%
Piotroski Score7 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.32+3.2%
vs $0.31
$98M-0.1%
vs $98M
Q2 2026
May 6, 2026
$0.40+17.6%
vs $0.34
$103M-0.4%
vs $103M
Q1 2026
Feb 18, 2026
$0.32+3.2%
vs $0.31
$90M-0.4%
vs $91M
Q4 2025
Nov 5, 2025
$0.22+15.8%
vs $0.19
$72M+0.7%
vs $71M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
GlobeNewsWire·5d ago
Osisko Gold Appoints Vice President, Construction Operations for the Cariboo Gold Project

TORONTO, Nov. 02, 2026 (GLOBE NEWSWIRE) -- Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) ("Osisko Gold" or the "Company") is pleased to announce the appointment of Mr. Cameron Carter as Vice President, Construction Operations of Barkerville Gold Mines Ltd., the Company's wholly-owned subsidiary, effective immediately. Mr. Carter will oversee construction execution currently underway at the Cariboo Gold Project (the "Project"), located in central British Columbia. Reporting directly to Sean Roosen, Chairman and CEO, he will work alongside JDS Energy & Mining Inc., the Project's principal construction management contractor.

GlobeNewsWire·Oct 27, 2026
Osisko Gold Provides Construction Progress Update on the Cariboo Gold Project

(All dollar amounts are expressed in Canadian dollars, unless stated otherwise) HIGHLIGHTS Cariboo Gold Project remains on schedule for anticipated first gold pour in Q1 2029 and commercial production in H2 2029 Project completion estimated at ~28% based on $355 million in cumulative costs incurred to September 30, 2026, with the remaining estimated budgeted cost to complete construction of ~$907 million Detailed engineering is ~42% complete and over 50% of procurement packages have been awarded   TORONTO, Oct. 27, 2026 (GLOBE NEWSWIRE) -- Osisko Gold Group Inc. (NYSE: OGG, TSXV: OGG) ("Osisko Gold" or the "Company") is pleased to provide a construction update on progress made at the Company's 100%-owned Cariboo Gold Project (the "Project"), located in central British Columbia, Canada, which continues to advance on schedule toward first gold pour targeted in Q1 2029 and commercial production expected in H2 2029. Sean Roosen, Chairman and CEO, commented: "We are pleased with the progress at the Cariboo Gold Project and continue to build construction momentum following our final investment decision announced in September.

Defense World·Oct 21, 2026
OR Royalties Inc. $OR Stock Bought by Louisbourg Investments Inc.

Louisbourg Investments Inc. increased its holdings in OR Royalties Inc. (NYSE: OR) by 25.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 212,505 shares of the basic materials company's stock after purchasing an additional 43,058 shares during the

Defense World·Oct 14, 2026
Osisko Gold Royalties (TSE:OR) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Osisko Gold Royalties Ltd (TSE: OR - Get Free Report) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$49.47 and traded as high as C$49.98. Osisko Gold Royalties shares last traded at C$49.03, with a volume of 450,622 shares. Wall Street Analyst

Filtered for OR Royalties Inc.More Headlines
04

Compare before deciding

Benchmark OR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for OR Royalties Inc. (OR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
OR logoOROR Royalties Inc.Current
$36.22$6.79B32.6347.52%74.3%18.59%0.52%
WPM logoWPMWheaton Precious Metals Corp.
$136.31$61.9B41.4383.33%64.66%22.96%0.49%
RGLD logoRGLDRoyal Gold, Inc.
$265.81$22.56B39.7344.57%47.7%11.48%0.64%
FNV logoFNVFranco-Nevada Corporation
$254.95$49.17B43.5163.69%63.79%19.08%0.56%
EMX logoEMXEMX Royalty Corporation
$4.16$453.29M-144.4417.34%18.26%4.19%—
GROY logoGROYGold Royalty Corp.
$3.12$746.47M-132.2054.51%6.65%0.22%—

Compare OR vs Peers

OR Royalties Inc. (OR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs WPM

Most directly comparable listed peer for OR.

Scale Benchmark

vs NEM

Larger-name benchmark to compare OR against a more recognizable public peer.

Peer Set

Compare Top 5

vs WPM, RGLD, FNV, EMX

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OR Frequently Asked Questions

OR Royalties Inc. (OR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is OR Royalties Inc.'s revenue?

OR Royalties Inc. (OR) reported $362.6M in revenue over the trailing twelve months. Revenue was $282.0M in fiscal year 2025.

How fast is OR Royalties Inc. growing?

OR Royalties Inc. (OR) grew revenue by 47.5% in fiscal year 2025, compared with the prior fiscal year.

Is OR profitable?

Yes. OR Royalties Inc. (OR) earned $283.0M in net income over the trailing twelve months (a 78.0% net margin).

Dividend & Returns
Does OR pay dividends?

Yes. OR Royalties Inc. (OR) pays a dividend that yields 0.52% at the current price, a small yield.

What is OR's return on equity?

OR Royalties Inc. (OR) had a return on equity (ROE) of 18.6% in fiscal year 2025. That is above the market's typical 10-15%.

What is OR Royalties Inc.'s free cash flow?

OR Royalties Inc. (OR) had negative free cash flow of $104.9M over the trailing twelve months.

What if you invested $1,000 in OR back in 2013?

Total return calculator · dividends reinvested · 13+ years of data

See returns →