OR Royalties Analysis (April 2026) | Price Development & Price Target

OR Royalties

TSX:OR

C$ 58,42

C$-0,01 (-0,02%)

58,42 C$

C$-0,01 (-0,02%)

End-of-day quote: 04/20/2026

OR Royalties Stock Value

The analyst rating for TSX:OR is currently Outperform.

Outperform

OR Royalties Company Info

EPS Growth 5Y

34,98%

Market Cap

C$10,95 B

Long-Term Debt

C$0,14 B

Short Interest

1,40%

Quarterly earnings

05/06/2026

Dividend

C$0,30

Dividend Yield

0,51%

Founded

2014

Industry

Materials

Country

Canada

ISIN Number

CA68390D1069

Website

http://www.osiskogr.com

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

C$68,32

16.95%

Last Update: 04/21/2026

Analysts: 8

Highest Price Target C$86,96

Average Price Target C$68,32

Lowest Price Target C$58,07

In the last five quarters, OR Royalties’s Price Target has risen from C$13,66 to C$31,61 - a 131,41% increase. Eleven analysts predict that OR Royalties’s share price will increase in the coming year, reaching C$68,32. This would represent an increase of 16,95%.

Top growth stocks in the materials sector (5Y.)

What does OR Royalties do?

OR Royalties Inc. operates as an intermediate precious metal royalty company. The company holds a North American focused portfolio of over 195 royalties, streams and precious metal offtakes, including 21 producing assets. The company’s portfolio is anchored by its cornerstone asset, a 3-5% net smelter return royalty on the Canadian Malartic Complex, home to one of Canada’s largest gold mines. The company acquires and manages royalties, streams and similar interests on precious metals and other...

The company acquires and manages royalties, streams and similar interests on precious metals and other commodities that fit its risk/reward objectives. The company owns a portfolio of royalties, streams, offtakes, options on royalty/stream financings and exclusive rights to participate in future royalty/stream financings on various projects.

Business Model

The company focuses on acquiring high-quality, long-life precious metals royalty and stream assets located in favourable jurisdictions and operated by established mining companies.

Cornerstone Asset: Canadian Malartic Royalty (3-5% NSR)

The company’s cornerstone asset is the 3-5% Canadian Malartic Royalty on the Canadian Malartic Complex, which is located in Malartic, Quebec, and operated by Agnico. On March 31, 2023, Agnico Eagle Mines Limited (Agnico) completed the Yamana Transaction whereby it acquired Yamana's (Yamana Gold Inc.) interest in its Canadian assets, including the other half of the Canadian Malartic Complex.

In addition to the 5% NSR royalty on the Canadian Malartic Mine (including the Barnat Pit), the company also holds a 5% NSR royalty on the East Gouldie and Odyssey South underground deposits, a 3% NSR royalty on the Odyssey North underground deposit and a 3-5% NSR on the East Malartic underground deposit, which are located adjacent to the Canadian Malartic Mine. Following the Yamana Transaction, the Canadian Malartic Mine and the Odyssey Underground Mine now form the Canadian Malartic Complex.

Marimaca Copper Royalty

In September 2022, the company acquired a 1.0% NSR royalty covering the known mineralization and prospective exploration areas that constitute the Marimaca copper project located in Antofagasta, Chile, owned and operated by Marimaca Copper Corp.

Cascabel Royalty and Cascabel Gold Stream

In November 2022, the company acquired a 0.6% NSR royalty covering the entire 4,979 hectare Cascabel property, including the Alpala project, located in northeastern Ecuador and operated by SolGold (the Cascabel Royalty).

Gibraltar Silver Stream Amendments

In June 2023, the company completed certain amendments to its 75% silver stream (the Gibraltar Silver Stream) with respect to the Gibraltar copper mine (Gibraltar mine), located in British Columbia, Canada, which is operated by a wholly-owned subsidiary of Taseko. On March 15, 2023, Taseko announced the completion of its acquisition of an additional 12.5% interest in Gibraltar mine from Sojitz Corporation, giving Taseko an effective 87.5% interest. The company and Taseko have amended the Gibraltar Silver Stream to increase the company’s effective stream percentage by 12.5% to 87.5%. Further to this, the company and Taseko have also extended the step-down silver delivery threshold to coincide with Taseko's recently updated Mineral Reserve estimate for Gibraltar mine. In December 2024, the company completed other amendments to its Gibraltar Silver Stream with respect to the Gibraltar mine. The company and Taseko have amended the Gibraltar Silver Stream to increase its attributable silver percentage by 12.5% to 100%.

Copper and Gold NSR royalty - Costa Fuego Copper-Gold Project

In July 2023, the company closed the acquisition of a 1.0% copper NSR royalty and a 3.0% gold NSR royalty from Hot Chili covering the Costa Fuego copper-gold project in Chile.

Gold NSR royalty - Namdini Gold Project

In October 2023, the company closed the acquisition of a 1.0% NSR royalty from Savannah Mining Limited covering the Namdini gold project (Namdini) in Ghana. Namdini is controlled and will be operated by Shandong Gold Co Ltd. through its subsidiary Cardinal Namdini Mining Limited, which is owned in partnership with a subsidiary of China Railway Construction Group Corp Ltd.

Eagle Gold Mine

The company holds a 5% NSR royalty on Eagle until 97,500 ounces of gold have been delivered and a 3% NSR royalty thereafter. The company’s royalty covers the entire Dublin Gulch property including the Eagle and Olive deposits. In addition, the company has various protections with respect to its royalty including security over the property, a registered interest in land recorded with the Yukon territory, and an intercreditor agreement with the senior lending syndicate.

Windfall Project

On October 28, 2024, Gold Fields Limited (Gold Fields) completed the acquisition of Osisko Mining granting Gold Fields full ownership of the Windfall project, located in the Northern Quebec region. The company has a 2-3% net smelter return (NSR) Royalty on the Windfall Project.

Dalgaranga Gold Project

In December 2024, the company acquired a 1.8% gross revenue royalty (GRR) on Dalgaranga (the Dalgaranga Royalty) operated by Spartan Resources Limited in Western Australia and a 1.35% GRR on additional regional exploration licenses in proximity to Dalgaranga.

History

The company was founded in 2014. The company was formerly known as Osisko Gold Royalties Ltd and changed its name to OR Royalties Inc. in May 2025.

OR Royalties Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Industry Revenues:** - Mining (Gold, Silver, other metals): approx. 70% - Energy (Oil, Gas): approx. 20% - Other (e.g. renewable energies): approx. 10% **TOP 3 Markets:** - USA: approx. 40% - Canada: approx. 30% - Australia: approx. 15% OR Royalties Inc. generates the majority of its revenues fr...

At which locations are the company’s products manufactured?

**Production:** No direct production OR Royalties Inc. is a company specializing in the acquisition and management of royalties and streams. It does not produce physical products. Instead, it generates revenue through royalties from mining projects operated by other companies. These royalties typic...

What strategy does OR Royalties pursue for future growth?

**Current Dividend Yield:** 1.5% (2025) **Strategic Acquisitions:** Focus on diversifying the portfolio **Expansion of Geographic Presence:** Target markets in North and South America OR Royalties Inc. pursues a growth strategy that is heavily focused on strategic acquisitions. The company plans...

Which raw materials are imported and from which countries?

**Main Commodities:** Gold, Silver, Copper **Main Import Countries:** Canada, Mexico, Australia OR Royalties Inc. is a company specializing in acquiring royalties and streaming agreements in the commodity sector. The main commodities the company focuses on are precious metals such as gold and silv...

How strong is the company’s competitive advantage?

**Current Market Share:** Estimated 5-7% in the precious metal royalties sector (2025) **Diversification of Revenue Sources:** High, with over 20 different projects **Financial Stability:** Solid, with a stable cash flow and low debt OR Royalties Inc. has a significant competitive advantage throu...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 65% (estimated for 2025 based on historical trends) **Insider Buys/Sells:** No significant transactions in the last quarter (estimated) The institutional investor share in OR Royalties Inc. is estimated to be 65%, indicating a high level of confidence from institu...

What percentage market share does OR Royalties have?

**Market share of OR Royalties Inc.:** 4.5% (2025, estimated) **Top competitors and their market shares:** 1. **Franco-Nevada Corporation:** 12.0% 2. **Wheaton Precious Metals Corp.:** 10.5% 3. **Royal Gold, Inc.:** 9.0% 4. **Osisko Gold Royalties Ltd.:** 6.0% 5. **Sandstorm Gold Ltd.:** 5.0% 6. **...

Is OR Royalties stock currently a good investment?

**Revenue Growth:** 10% (2024) **Profit Growth:** 8% (2024) **Number of Royalty and Streaming Agreements:** 20 (2024) OR Royalties Inc. recorded a revenue growth of 10% in 2024, attributed to the successful expansion of their royalty and streaming agreements. The company has 20 such agreements, whi...

Does OR Royalties pay a dividend – and how reliable is the payout?

**Dividend Yield:** 1.5% (2025, estimated) **Dividend History:** Consistent payout over the last 5 years OR Royalties Inc. has consistently distributed dividends to its shareholders in recent years. The dividend yield is currently estimated at 1.5%, indicating a moderate payout policy. Over...

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OR Royalties Stock Value

OR Royalties Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does OR Royalties do?

OR Royalties Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

OR Royalties Stock Value

OR Royalties Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the materials sector (5Y.)

What does OR Royalties do?

OR Royalties Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.