Canadian precious metals royalties company OR Royalties' Q3 revenue jumps

OR Royalties

05/11/2025 22:52

Overview

OR Royalties Q3 revenue rises to $71.6 mln from $42.0 mln in Q3 2024

Net earnings for Q3 increase to $82.8 mln, reflecting strong financial performance

Company achieves debt-free status after repaying revolving credit facility

Outlook

Company expects first gold production at Dalgaranga in early 2026

OR Royalties anticipates updates from Orla Mining and Osisko Development by year-end

Company sees Harmony Gold optimizing CSA mine operations

Result Drivers

GOLD EQUIVALENT OUNCES - Increase in gold equivalent ounces to 20,326 from 18,408 in Q3 2024 contributed to revenue growth

CASH FLOW STRENGTH - Strong cash flows from operations enabled full repayment of revolving credit facility, achieving debt-free status

STRATEGIC PAYMENTS - Payments related to discovery milestones and gold stream advances support future growth

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted Net Income
$42.27 mln
Q3 Net Income
$82.85 mln
Q3 Dividend
$0.055


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 20.9% above its November 4 closing price of C$43.50

The stock recently traded at 37 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release: ID:nGNX3QdSpx

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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.)