Canada's OR Royalties Q2 revenue rises on asset acquisitions

OR Royalties

05/08/2026 21:46

Overview
Canada precious metals royalty firm's Q2 revenue grew 62% yr/yr, driven by asset acquisitions
Adjusted net income for Q2 rose yr/yr, reflecting higher precious metals prices
Company repurchased 225,712 shares for $8 mln and raised quarterly dividend by 18%

Outlook
OR Royalties maintains 2026 guidance of 80,000 to 90,000 gold equivalent ounces (GEOs)
Company says recent acquisitions and a robust pipeline support future growth
OR Royalties says conviction in Canadian Malartic asset remains unchanged

Result Drivers
ASSET ACQUISITIONS - Co said revenue growth was partly due to contributions from recently acquired royalty and streaming assets
PRECIOUS METALS PRICES - Management attributed higher revenues and cash flows to stronger precious metals prices
PORTFOLIO EXPANSION - Co closed $335 mln of acquisitions in the quarter, including royalties on producing and development-stage mines

Company press release: ID:nGNX8qsfxT

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted Net Income
 
$60.5 mln
 
Q2 Net Income
 
$61.4 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialty mining & metals peer group is "buy"
Wall Street's median 12-month price target for OR Royalties Inc is C$55.00, about 27% above its August 4 closing price of C$43.30
The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 25 three months ago

Reuters Recommended Reads
Aug 4 - Mexico's Fresnillo H1 revenue jumps on higher precious metal prices; raises dividend
Aug 4 - FRP Holdings Q2 revenue rises as mining royalties jump 13%
Aug 4 - SSR Mining Q2 adjusted EPS misses analyst expectations

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)