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Home CompaniesOR Royalties Inc.

OR Royalties Inc.

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
48.47 CAD 3.37 ( 7.47%)
Last update at 2026-11-04T20:33:00Z
VOLUME
441124
Market Cap
10177.56M
P/E
36.09

Momentum Score

…

OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada. In addition, it is involved in the exploration, evaluation, and development of mining properties. It primarily explores precious metals, including gold, silver, copper, diamond, and others. The company was formerly known as Osisko Gold Royalties Ltd and changed its name to OR Royalties Inc. in May 2025. OR Royalties Inc. was founded in 2014 and is headquartered in Montreal, Canada.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
46.71
Low
48.73
High
52 Week Price Range
31.14
Low
65.44
High

Momentum Score

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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

OR Royalties Inc. is a publicly listed mineral royalty company that acquires and manages royalties and streams on mining projects to generate non‑operating cash flows tied to commodity production. Its long‑term growth drivers include adding royalties through acquisitions and transactions, organic cash flow from producing assets, and exposure to commodity prices that may benefit revenue when metal prices rise. Investors may find the company attractive for potential recurring, asset‑backed cash flow with lower capital intensity than operating miners.

Key risks include commodity price volatility, concentration and counterparty risk tied to the performance of underlying mines, execution risk from deal sourcing and integration, and regulatory and permitting exposure in mining jurisdictions.

Risk Score
Medium

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
45.10
Dividend Yield
0.36%
Revenue TTM
277.37M
Revenue Per Share
1.48
Gross Profit TTM
268.26M
Debt / Equity
0.01
ROE
15.73%
Net Debt
-133.09M
ROCE
13.37%
Diluted EPS TTM
1.50

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 245.61M 30.11M -27.57M 113.12M -43.72M
Minority interest - - 0.00M 64.44M 33.12M
Net income 209.70M 16.25M -37.34M 85.28M -56.67M
Selling general administrative 30.23M 18.28M 24.29M 20.22M 41.27M
Selling and marketing expenses - 5.63M 4.56M - -
Gross profit 235.31M 184.24M 170.48M 150.38M 138.87M
Reconciled depreciation 36.99M 33.57M 57.62M 52.41M 51.93M
Ebit 205.80M 78.25M 64.31M 122.97M 92.30M
Ebitda 243.44M 161.30M 142.54M 185.11M 144.23M
Depreciation and amortization 37.64M 83.05M 78.23M 62.14M 51.93M
Operating income 205.80M 78.25M 64.31M 122.97M 92.30M
Other operating expenses 76.42M 112.73M 118.48M 93.02M 145.56M
Interest expense 4.55M 7.97M 14.03M 22.34M 24.59M
Tax provision 35.30M 13.88M 13.26M 27.84M 12.96M
Interest income 8.67M 47.22M 6.83M 7.49M 8.25M
Net interest income -0.45M -3.81M -12.12M -12.57M -19.52M
Extraordinary items - - - -268.48M -
Income tax expense 35.91M 13.88M 9.77M 27.84M 12.96M
Total revenue 282.23M 190.98M 182.79M 217.81M 224.88M
Total operating expenses 29.51M 105.99M 106.17M 25.59M 59.55M
Cost of revenue 46.91M 6.73M 12.31M 67.43M 86.01M
Total other income expense net 39.81M -48.14M -91.88M -9.85M -136.02M
Discontinued operations - - - -268.48M -133.30M
Net income from continuing ops 206.09M 16.27M -48.34M 85.28M -56.67M
Net income applicable to common shares 206.09M 16.27M -37.43M -118.75M -23.55M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 1571.96M 1377.63M 2007.43M 1996.30M 2370.62M
Other current assets 2.32M - 1.84M 2.55M 3.94M
Total liab 142.53M 188.68M 356.94M 259.09M 590.56M
Total stockholder equity 1429.43M 1188.95M 1650.50M 1737.21M 1634.61M
Deferred long term liab - - - 1.84M 1.79M
Other current liab 28.34M - 5.07M 16.30M 32.73M
Common stock 1685.05M - 2097.69M 2076.07M 1783.69M
Capital stock 1688.12M 1675.94M 2097.69M 2076.07M 1783.69M
Retained earnings -269.68M -408.71M -554.70M -463.59M -283.04M
Other liab - - - 86.57M 119.36M
Good will 80.99M 77.28M 111.20M 111.20M 111.20M
Other assets 2.00M - - 1.84M 18.04M
Cash 141.87M 59.10M 67.72M 90.55M 115.70M
Total current liabilities 32.57M 14.62M 20.45M 17.87M 346.28M
Current deferred revenue - - 11.12M - -
Net debt -133.09M 34.80M 132.16M 65.02M 313.10M
Short term debt 1.20M - 1.12M 0.92M 303.87M
Short long term debt - - - - 294.89M
Short long term debt total 8.78M - 199.88M 155.57M 428.80M
Other stockholder equity 65.75M - 79.45M 77.30M 75.11M
Property plant equipment 1145.11M - - 1385.20M 1794.09M
Total current assets 147.42M 63.81M 84.05M 104.79M 152.93M
Long term investments 189.26M 117.31M 208.68M 393.27M 294.36M
Net tangible assets - - - 1626.01M 1523.40M
Short term investments - 0.00M 8.20M - 0.00M
Net receivables 3.22M 2.11M 6.28M 11.70M 14.69M
Long term debt 0.00M 93.90M 191.88M 147.95M 115.54M
Inventory - 0.00M 0.01M 0.00M 18.60M
Accounts payable 3.03M 1.38M 3.14M 0.65M 9.68M
Accumulated other comprehensive income -51.69M - 28.06M 47.44M 58.85M
Non currrent assets other 2.00M - 2.15M 1380.09M 1172.84M
Non current assets total 1424.55M 1313.82M 1923.39M 1891.51M 2217.70M
Capital lease obligations 5.00M 4.78M 8.00M 7.62M 18.36M
Long term debt total 3.79M - - 154.65M 124.93M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments 37.21M -75.64M -390.44M -381.86M 7.72M
Change to liabilities - - - 1.69M -7.33M
Total cashflows from investing activities 1.38M -72.01M -165.52M -381.86M -272.04M
Net borrowings -94.94M -49.72M 34.21M -266.16M -2.82M
Total cash from financing activities -166.21M -71.27M 10.77M 219.24M -19.60M
Change to operating activities - - - -0.08M -5.08M
Net income 209.70M 15.49M -36.40M 85.28M -56.67M
Change in cash 79.98M 12.00M -17.19M -25.15M -186.83M
Begin period cash flow 61.89M 47.06M 68.18M 115.70M 302.52M
End period cash flow 141.87M 59.06M 50.99M 90.55M 115.70M
Total cash from operating activities 249.90M 152.25M 140.82M 109.95M 106.09M
Issuance of capital stock - - 0.00M - 0.00M
Depreciation 37.64M 31.96M 43.38M 52.41M 51.93M
Other cashflows from investing activities 1.04M -0.05M -0.03M -257.65M -0.35M
Dividends paid 35.47M -29.18M -30.04M 37.93M 32.46M
Change to inventory - - - - -13.07M
Change to account receivables -0.12M -0.84M -3.44M -4.84M 0.48M
Sale purchase of stock -37.31M -0.41M -0.97M -22.14M -30.79M
Other cashflows from financing activities -8.76M -3.45M -4.75M 693.29M 100.49M
Change to netincome - - - 177.70M -21.82M
Capital expenditures 37.52M 69.92M 219.18M 124.21M 276.23M
Change in working capital 15.23M -1.79M -1.42M -3.23M -25.00M
Stock based compensation 8.39M 6.24M 10.41M 7.12M 13.28M
Other non cash items -31.66M 95.94M 127.22M -58.33M 110.83M
Free cash flow 212.37M 82.32M -78.37M -14.26M -170.14M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
OR
OR Royalties Inc.		 3.37
7.47%		 48.47 36.09 30.40 36.69 5.55 28.31 27.76
AEM
Agnico Eagle Mines Limited		 23.16
9.89%		 257.35 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp		 4.13
7.95%		 56.06 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp		 17.87
10.86%		 182.41 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation		 22.66
7.16%		 339.21 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

OR Royalties Inc.

OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada. In addition, it is involved in the exploration, evaluation, and development of mining properties. It primarily explores precious metals, including gold, silver, copper, diamond, and others. The company was formerly known as Osisko Gold Royalties Ltd and changed its name to OR Royalties Inc. in May 2025. OR Royalties Inc. was founded in 2014 and is headquartered in Montreal, Canada.

1100, av. des Canadiens-de-Montreal, Montreal, QC, Canada, H3B 2S2

514 940 0670

https://orroyalties.com

Name Title Year Born
Mr. Sandeep Singh M.B.A. Pres, CEO & Director 1980
Mr. Frédéric Ruel C.A., CPA CFO & VP of Fin. 1977
Mr. André Le Bel B.Sc., B.Sc.A, L.L.B., LL.B VP of Legal Affairs & Corp. Sec. 1968
Mr. Michael David-Saynor Spencer Chief Exec. Officer of Osisko Bermuda Limited NA
Ms. Heather Taylor B.A. VP of Investor Relations NA
Mr. Iain W. Farmer B.Eng, C.F.A., M.B.A. VP of Corp. Devel. NA
Mr. Benoit Brunet CPA VP, Bus. Strategy 1990
Mr. Sean E. O. Roosen Eng. Founder & Chair Emeritus 1963
Mr. Frederic Ruel C.A., CPA CFO & VP of Finance 1977
Mr. Andre Le Bel B.Sc., B.Sc.A, L.L.B. VP of Legal Affairs & Corporate Secretary 1968

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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