OR Royalties (OR)
Acquires precious-metals royalties and streams linked to third-party mines.
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Acquires and manages precious-metals royalties, streams, and similar interests rather than operating mines. Its portfolio is anchored by the Canadian Malartic net-smelter-return royalty, while the Virginia Mines combination and Orion acquisition added further interests.
Acquires and manages precious-metals royalties, streams, and similar interests rather than operating mines. The portfolio is anchored by a net-smelter-return royalty on the Canadian Malartic Complex and includes interests associated with Éléonore and the Orion acquisition.
The business was assembled through its 2014 formation, the Virginia Mines combination, and the Orion portfolio acquisition. A 2020 spin-out separated mine-development properties from the royalty and streaming vehicle while preserving selected interests.
Portfolio income depends on production and operating performance at third-party mines and projects. The company remains a royalty-and-streaming business, not the operator or developer of the transferred properties.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 14, 2026 | Scotiabank | Reiterate | Rating: —Target: $51 | Target: $42 |
| Jul 9, 2026 | RBC Capital | Reiterate | Rating: —Target: — | Target: $45 |
| Jul 6, 2026 | Jefferies | Reiterate | Rating: —Target: $38 | Target: $34 |
| Jan 26, 2026 | Scotiabank | Reiterate | Rating: —Target: $41 | Target: $51 |
| Dec 7, 2025 | Jefferies | Target | Target: $19 | Target: $38 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $75.6M · Total debt $219.3M · Total assets $1.86B · Shareholders' equity $1.48B
- Revenue
- $97.8M
- Operating income
- $75.3M
- Net income
- $61.4M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 68.09% | 127.67M ADS | |
|---|---|---|---|
| 271 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 10.82% | 20.28M ADS | |
| 2 holders · as of Apr 9, 2020 | |||
| Strategic holders | 7.98% | 14.97M ADS | |
| 1 holder · as of Apr 29, 2026 | |||
| Other | ≈ 13.11% | 24.58M ADS | |
| remainder | |||
187.50M ADS as of Sep 14, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2024 annual report; nothing newer is on file here.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Orion Resource Partners (USA) LPInstitution | 16.48% | 30.91M | filed Aug 10, 2017 |
Edgepoint Investment Group Inc.Institution | 9.80% | 18.37M ADS | as of Jun 30, 2026 |
BlackRock Portfolio Management LLCStrategic | 7.98% | 14.97M | filed Apr 29, 2026 |
Investissement QuébecInsider | 6.21% | 11.65M | filed Apr 9, 2020 |
Van Eck Associates CorpInstitution | 5.91% | 11.09M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Franco-Nevada
Gold-focused royalties and streams across a broad global portfolio
- Wheaton Precious Metals
Precious-metals streams with a global operating and development portfolio
- Royal Gold
Precious-metals streams and royalties across a global mine portfolio
- Triple Flag Precious Metals
Precious-metals royalties and streams focused on the Americas and Australia
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| OR Royalties | $37.10 | +2.73% | $6.77B | 24.1 | 22.8 | 18.7 | +62.1% |
| Franco-Nevada | $265.61 | +1.50% | $50.47B | 34.2 | 30.0 | 21.8 | +57.3% |
| Wheaton Precious Metals | $151.99 | +2.93% | $67.06B | 32.7 | 29.6 | 21.1 | +84.7% |
| Royal Gold | $254.34 | +1.69% | $21.23B | 27.3 | 21.4 | 13.7 | +114.9% |
| Triple Flag Precious Metals | $33.39 | +1.92% | $6.77B | 16.4 | 26.4 | 13.9 | +37.3% |
| Median | 30.0 | 28.0 | 17.5 | +71.0% |