$OR

OR Royalties (NYSE:OR) reported Q2 call highlights. Management said $0.968 of each revenue dollar became cash margin. Canadian Malartic faced a north-wall rock mass movement, making about 370,000 oz of gold inaccessible over three years, but 2026 guidance stayed intact. The firm closed $335M acquisitions, ended June with $75.6M cash and $139M net debt, raised its dividend, and expanded its credit facility to $850M.

OR Royalties Inc. (OR) said its board approved a Q3 2026 dividend of US$0.065 per common share. The payment is set for Oct. 15, 2026 to shareholders of record Sept. 30, 2026. The company also offers a dividend reinvestment plan with a 3% discount for eligible Canadian and US residents.

OR Royalties Inc. reported Q2 2026 results: revenues from royalties and streams rose to $97.8 million, up 62% year over year, and operating cash flow increased to $83.2 million. Cash margin was 96.8%. The company closed $335.0 million of acquisitions, repurchased 225,712 shares for $8.0 million under its bid, and declared a $0.065 quarterly dividend. OR also expanded its credit facility.

OR Royalties Inc. reported preliminary Q2 2026 results. It earned 20,757 attributable gold equivalent ounces. Preliminary revenues from royalties and streams were $97.8 million, with cost of sales (excluding depletion) of $3.1 million, for a cash margin of about $94.7 million (96.8%). The company also updated cash and debt as of June 30, 2026. Shares T.OR were down $1.06 at $41.65.

OR Royalties Inc. reported preliminary Q2 2026 deliveries of 20,757 attributable gold equivalent ounces. It said royalty and stream revenues were $97.8 million, cost of sales (excluding depletion) $3.1 million, and cash margin about $94.7 million (96.8%). Cash was ~$75.6 million; net debt $139.4 million after $18.0 million repayments.

OR Royalties said its operating partner, Agnico Eagle, reported a July 1, 2026 rock mass movement on the north wall of the Barnat open pit at the Canadian Malartic complex in Québec. No injuries or environmental impact were reported; mining was temporarily suspended. Agnico expects 60,000–80,000 fewer gold ounces in 2H26 and up to ~150,000 oz/year reductions in 2027–28, while Odyssey outlook and OR’s 2026 guidance remain unchanged.

Global crude prices fell after a tentative US-Iran peace agreement reduced fears of a prolonged supply disruption. Brent dropped below $84 a barrel, its lowest level in over three months, as shipping through the Strait of Hormuz was expected to reopen. Thailand retailers PTT OR and Bangchak cut petrol by 80 satang/litre and diesel by 1 baht/litre, while US pump prices also eased.

RBC Capital has reaffirmed its Outperform rating and US$56 price target for OR Royalties (TSE:OR), indicating continued confidence in the company's prospects. This reiteration suggests that the analyst firm believes OR Royalties is well-positioned for future growth and performance. The price target implies a significant potential upside from its current trading levels.

Scotiabank has reduced its FY2026 EPS estimate for Osisko Gold Royalties (TSE:OR) to $1.64, also forecasting FY2027 EPS at $1.79. Analyst opinions are divided, with TD Securities lowering its target to C$64 (hold rating) and Stifel increasing its target to C$70, while MarketBeat's consensus remains a "Moderate Buy" with a C$50.50 target. The company's shares opened at C$58.52, trading near their 52-week high, and show a P/E ratio of 53.69 and a market capitalization of C$10.97 billion.

Six analysts have assigned an average rating of "Moderate Buy" to Osisko Gold Royalties Ltd (TSE:OR), with a 12-month average target price of C$41.17, significantly lower than its recent open price of C$57.31. Recent analyst actions show mixed views, with some upgrades to buy ratings and some downgrades to hold ratings. The company has a market capitalization of C$10.77 billion, a P/E ratio of 73.47, and recent insider selling by Guy Desharnais reduced his ownership by 15.08%.