OR trades 11.3% 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 19.7x. 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 November 7, 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 $36.22, this represents a potential upside of +11.3%. The company has a market capitalization of $6.79B.
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 24.1x and forward P/E of 19.7x. The forward PEG ratio of 0.32 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow +22.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $24.41, with bear and bull scenarios of $15.38 and $32.16 respectively. Model confidence stands at 43/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 WPMWheaton Precious Metals Corp. | $61.9B | $136.31 | $167.33 | +22.8% | Buy | 30.2x | 20 |
 RGLDRoyal Gold, Inc. | $22.6B | $265.81 | $308.00 | +15.9% | Buy | 24.9x | 28 |
 FNVFranco-Nevada Corporation | $49.2B | $254.95 | $275.00 | +7.9% | Buy | 31.9x | 26 |
 GROYGold Royalty Corp. | $744M | $3.12 | $5.83 | +86.9% | Buy | 68.1x | 6 |
 MTAMetalla Royalty & Streaming Ltd. | $756M | $8.09 | $8.50 | +5.1% | Buy | 163.1x | 2 |
 NEMNewmont Corporation | $127.4B | $120.91 | $135.56 | +12.1% | Buy | 13.0x | 37 |
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 AGFirst Majestic Silver Corp. | $7.5B | $15.16 | $24.00 | +58.3% | Hold | 17.7x | 11 |
 HLHecla Mining Company | $9.9B | $14.74 | $21.50 | +45.9% | Hold | 20.5x | 26 |
Quick answers to the most common questions about buying OR stock.
OR Royalties Inc. (OR) has a consensus 12-month price target of $40.33, implying 11.3% upside from $36.22. The 9 analysts covering OR see moderate appreciation potential.
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 11.3% upside from current levels.
With a forward P/E of 19.6976x, OR trades at a relatively low valuation. The consensus target of $40.33 implies 11.3% appreciation, suggesting meaningful undervaluation.
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 $32 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 $24, with bear/bull scenarios of $15/$32.
Our quantitative valuation model calculates OR's fair value at $24 (base case), with a bear case of $15 and bull case of $32. 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 43/100.
OR trades at a forward P/E ratio of 19.7x based on next-twelve-months earnings estimates compared to a trailing P/E of 24.1x. 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.
Wall Street analysts are optimistic on OR, with a "Buy" consensus rating and $40.33 price target (11.3% upside). 5 of 9 analysts rate it Buy or Strong Buy. 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 $15-$32 range provides an independent fundamental perspective.
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