OR trades 7.4% below Wall Street's consensus target of $40.33.
Last 12 months price action with 12-month analyst target path
The base valuation assumes OR achieves its forward estimates and maintains a stable P/E multiple of 20.8x. This scenario reflects the blended consensus of 9 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of September 23, 2026, OR Royalties Inc. (OR) has a Wall Street consensus price target of $40.33, based on estimates from 9 covering analysts. With the stock currently trading at $37.55, this represents a potential upside of +7.4%. The company has a market capitalization of $7.04B.
Analyst price targets range from a low of $34.00 to a high of $45.00, representing a 27% spread in expectations. The median target of $42.00 aligns closely with the consensus average.
The current analyst consensus rating is Buy, with 5 analysts rating the stock as a Buy or Strong Buy,4 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, OR trades at a trailing P/E of 33.8x and forward P/E of 20.8x. The forward PEG ratio of 0.34 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +20.1% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $21.36, with bear and bull scenarios of $13.45 and $28.14 respectively. Model confidence stands at 42/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WPMWheaton Precious Metals Corp. | $69.8B | $153.81 | $164.80 | +7.1% | Buy | 32.2x | 20 |
 RGLDRoyal Gold, Inc. | $21.9B | $258.29 | $301.50 | +16.7% | Buy | 24.8x | 28 |
 FNVFranco-Nevada Corporation | $51.5B | $267.20 | $275.00 | +2.9% | Buy | 31.8x | 26 |
 EMXEMX Royalty Corporation | $453M | $4.16 | $5.75 | +38.2% | Buy | 45.0x | 1 |
 GROYGold Royalty Corp. | $801M | $3.35 | $6.75 | +101.5% | Buy | 69.6x | 6 |
 MTAMetalla Royalty & Streaming Ltd. | $972M | $10.40 | $8.50 | -18.3% | Buy | 216.2x | 2 |
 NEMNewmont Corporation | $134.1B | $127.26 | $136.83 | +7.5% | Buy | 13.5x | 37 |
 AEMAgnico Eagle Mines Limited | $103.1B | $203.55 | $218.83 | +7.5% | Buy | 17.1x | 31 |
 KGCKinross Gold Corporation | $34.3B | $28.70 | $37.00 | +28.9% | Buy | 10.3x | 29 |
 AGFirst Majestic Silver Corp. | $10.0B | $20.32 | $24.75 | +21.8% | Hold | 24.9x | 11 |
Quick answers to the most common questions about buying OR stock.
The consensus price target for OR is $40.33, close to the current price of $37.55 (7.4% implied move). Based on 9 analyst estimates, the stock appears fairly valued near current levels.
OR has a consensus rating of "Buy" based on 9 Wall Street analysts. The rating breakdown is predominantly bullish, with 5 Buy/Strong Buy ratings. The consensus 12-month price target of $40.33 implies 7.4% upside from current levels.
OR trades at a forward P/E of 20.8403x, representing a moderate valuation. With analysts targeting $40.33 (7.4% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $45 for OR, while the most conservative target is $34. The consensus of $40.33 represents the median expectation. Our quantitative valuation model projects a bull case target of $28 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
OR is moderately covered, with 9 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 5 have Buy ratings, 4 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month OR stock forecast based on 9 Wall Street analysts shows a consensus price target of $40.33, with estimates ranging from $34 (bear case) to $45 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $21, with bear/bull scenarios of $13/$28.
Our quantitative valuation model calculates OR's fair value at $21 (base case), with a bear case of $13 and bull case of $28. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 42/100.
OR trades at a forward P/E ratio of 20.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 33.8x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
OR appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $40.33 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
OR analyst price targets range from $34 to $45, a 27% moderate spread showing some variance in outlooks. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $40.33 consensus represents the middle ground. Our model's $13-$28 range provides an independent fundamental perspective.
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