OR Stock Analysis: Osisko Gold Ro | NYSE
Gold | NYSE, USA | Market Cap: 7.205m USD | 12M Return: 20.5% | CA68390D1069 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 35.9M
EPS Trend: 88.1%
Qual. Beats: 0
Rev. Trend: 50.0%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.6 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
OR Royalties Inc. (NYSE: OR) is a Canadian mining-focused company that acquires and manages precious metal royalties, streams, and related interests in Canada and internationally. The company was founded in 2014, is headquartered in Montreal, and was renamed from Osisko Gold Royalties Ltd to OR Royalties Inc. in May 2025. It is listed in the GICS Materials sector under the Gold sub-industry, with a mid-cap market capitalization of approximately US$6.7 billion as of its most recent valuation.
The companys primary asset is a 3-5% net smelter return (NSR) royalty on the Canadian Malartic complex in Canada. NSR royalties entitle the holder to a percentage of revenue from mineral production, after deducting smelting, refining, and certain transport costs. In addition to royalties, OR participates in off-take options, royalty/stream financings, and holds exclusive rights to participate in future financings on various projects. It is also engaged in the exploration, evaluation, and development of mining properties targeting gold, silver, copper, and diamond.
Royalty and streaming companies operate under a non-operating business model, providing upfront capital to mining operators in exchange for a share of future production or revenue. This structure allows the company to generate cash flow without the operational risks associated with mine ownership, while typically offering higher margins than traditional mining. Gold royalty companies benefit from rising precious metal prices and increased production volumes at the underlying mining operations.
- Gold price rally lifts Malartic royalty revenue
- Canadian Malartic production expansion drives earnings growth
- New stream and royalty acquisitions accelerate portfolio growth
| Net Income: 283.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.06 > 0.02 and ΔFCF/TA -11.92 > 1.0 |
| NWC/Revenue: 17.17% < 20% (prev 41.14%; Δ -23.97% < -1%) |
| CFO/TA 0.15 > 3% & CFO 284.8m > Net Income 283.0m |
| Net Debt (147.9m) to EBITDA (372.8m): 0.40 < 3 |
| Current Ratio: 2.28 > 1.5 & < 3 |
| Outstanding Shares: last quarter (188.6m) vs 12m ago -0.23% < -2% |
| Gross Margin: 84.67% > 18% (prev 85.86%; Δ -1.18% > 0.5%) |
| Asset Turnover: 21.99% > 50% (prev 13.55%; Δ 8.44% > 0%) |
| Interest Coverage Ratio: 61.33 > 6 (EBIT TTM 328.0m / Interest Expense TTM 5.35m) |
| A: 0.03 (Total Current Assets 110.9m - Total Current Liabilities 48.6m) / Total Assets 1.86b |
| B: -0.08 (Retained Earnings -154.9m / Total Assets 1.86b) |
| C: 0.20 (EBIT TTM 328.0m / Avg Total Assets 1.65b) |
| D: 3.99 (Book Value of Equity 1.48b / Total Liabilities 371.9m) |
| Altman-Z'' = 5.47 = AAA |
| DSRI: 3.0 (Receivables 33.0m/3.01m, Revenue 362.6m/195.5m) |
| GMI: 1.01 (GM 85.86% / 84.67%) |
| AQI: 1.12 (AQ_t 0.14 / AQ_t-1 0.13) |
| SGI: 1.86 (Revenue 362.6m / 195.5m) |
| TATA: -0.00 (NI 283.0m - CFO 284.8m) / TA 1.86b) |
| Beneish M = -0.68 (Cap -4..+1) = D |
As of August 30, 2026, the stock is trading at USD 37.40 with a total of 1,012,044 shares traded. Over the past week, the price has changed by +3.63%, over one month by +27.04%, over three months by +4.48% and over the past year by +20.54%.
Current recommended Stop Loss: 35.50 (which is 5.1% or 1.5 ATR below the current price).
Osisko Gold Ro has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy OR.
- StrongBuy: 4
- Buy: 6
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 42.5 | 13.6% |
P/E Trailing = 29.1136
P/E Forward = 30.7692
P/S = 19.8639
P/B = 4.9484
Revenue TTM = 362.6m USD
EBIT TTM = 328.0m USD
EBITDA TTM = 372.8m USD
Long Term Debt = 215.0m USD (from longTermDebt, last quarter)
Short Term Debt = 1.21m USD (from shortTermDebt, last quarter)
Debt = 223.6m USD (from shortLongTermDebtTotal, last quarter) + Leases 4.28m
Net Debt = 147.9m USD (calculated: Debt 223.6m - CCE 75.6m)
Enterprise Value = 7.35b USD (7.21b + Debt 223.6m - CCE 75.6m)
Interest Coverage Ratio = 61.33 (Ebit TTM 328.0m / Interest Expense TTM 5.35m)
EV/FCF = -70.07x (Enterprise Value 7.35b / FCF TTM -104.9m)
FCF Yield = -1.43% (FCF TTM -104.9m / Enterprise Value 7.35b)
FCF Margin = -28.94% (FCF TTM -104.9m / Revenue TTM 362.6m)
Net Margin = 78.04% (Net Income TTM 283.0m / Revenue TTM 362.6m)
Gross Margin = 84.67% ((Revenue TTM 362.6m - Cost of Revenue TTM 55.6m) / Revenue TTM)
Gross Margin QoQ = 84.05% (prev 86.06%)
Tobins Q-Ratio = 3.96 (Enterprise Value 7.35b / Total Assets 1.86b)
Interest Expense / Debt = 2.39% (Interest Expense 5.35m / Debt 223.6m)
Taxrate = 14.35% (47.4m / 330.4m)
NOPAT = 280.9m (EBIT 328.0m * (1 - 14.35%))
Current Ratio = 2.28 (Total Current Assets 110.9m / Total Current Liabilities 48.6m)
Debt / Equity = 0.15 (Debt 223.6m / totalStockholderEquity, last quarter 1.48b)
Debt / EBITDA = 0.40 (Net Debt 147.9m / EBITDA 372.8m)
Debt / FCF = -1.41 (negative FCF - burning cash) (Net Debt 147.9m / FCF TTM -104.9m)
Total Stockholder Equity = 1.45b (last 4 quarters mean from totalStockholderEquity)
RoA = 17.16% (Net Income 283.0m / Total Assets 1.86b)
RoE = 19.57% (Net Income TTM 283.0m / Total Stockholder Equity 1.45b)
RoCE = 19.75% (EBIT 328.0m / Capital Employed (Equity 1.45b + L.T.Debt 215.0m))
RoIC = 15.69% (NOPAT 280.9m / Invested Capital 1.79b)
WACC = 8.03% (E(7.21b)/V(7.43b) * Re(8.22%) + D(223.6m)/V(7.43b) * Rd(2.39%) * (1-Tc(0.14)))
Discount Rate = 8.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 78.86 | Cagr: 0.42%
[DCF] Fair Price = unknown (Cash Flow -104.9m)
EPS Correlation: 88.14 | EPS CAGR: 41.28% | SUE: 0.30 | # QB: 0
Revenue Correlation: 49.99 | Revenue CAGR: 11.19% | SUE: 0.01 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.31 | Chg30d=-4.73% | Revisions=-67% | Analysts=6
EPS current Year (2026-12-31): EPS=1.33 | Chg30d=+0.86% | Revisions=-75% | GrowthEPS=+51.3% | GrowthRev=+47.6%
EPS next Year (2027-12-31): EPS=1.39 | Chg30d=-1.88% | Revisions=-77% | GrowthEPS=+4.0% | GrowthRev=+16.2%
[Analyst] Revisions Ratio: -89% (up=0, down=25)