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OR Royalties Inc.

OR · NYSE

Market closed$28.30$0.250000 (+0.89%)After hours $28.85 · +1.94%

Key statistics

Previous close$28.05
Open$27.69
Day high$28.58
Day low$27.68
52-week high$48.06
52-week low$27.07
Market cap5.31B
Volume1.09M
Average volume963.26K
P/E ratio26.45
Forward P/E—
EPS1.07
Dividend yield+0.81%

Market context

Why it moved

OR edged higher as investors rotated capital into non-semiconductor sectors like energy, financials, and industrials amid a broad tech and chip stock selloff driven by a breakthrough Chinese AI model release and growing concerns over AI spending valuations.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026OR Royalties closed modestly higher despite a sharp drop in gold prices — spot gold fell over 2% to close below $4,000 for the first time since early July, pressuring the broader gold mining sector. The TSX materials sector dropped 3.4% to its lowest level since November as investors grew concerned that escalating U.S.-Iran tensions could stoke inflation and prompt a more hawkish Fed stance. Against this backdrop, OR Royalties showed relative resilience, supported by news it closed a $44M project financing deal with Canadian Copper Inc., even as CIBC World Markets trimmed its price target on the stock to C$85 from C$88.

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July 16, 2026OR Royalties closed modestly lower, edging down as Scotiabank analyst Tanya Jakusconek maintained a Sector Perform rating but significantly cut the price target from $51 to $42, citing revised assumptions. The reduction weighed on sentiment even as broader tailwinds returned for gold royalty names — spot gold rebounded 1.3% to $4,053 on cooling June CPI data, and VanEck's precious metals team highlighted that gold equities remain undervalued relative to strong cash flows at current gold prices above $4,000/oz.

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July 15, 2026OR Royalties edged modestly higher, closing up about 0.6%, even as gold prices dropped sharply below $4,000 — falling nearly 3% — after Trump's comments about controlling the Strait of Hormuz sent oil surging and reignited inflation fears, pressuring non-yielding assets. The session's gains came against a headwind from Scotiabank, which maintained a Sector Perform rating but slashed its price target on OR Royalties from $51 to $42, citing the deteriorating gold price backdrop. Meanwhile, peer Royal Gold faced a Zacks downgrade to Strong Sell after a 13.5% earnings estimate cut, reflecting broader sector pressure on royalty and streaming names.

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July 14, 2026OR Royalties Inc. declined nearly 2% as gold prices continued their multi-week pullback, with the precious metal down roughly 5% year-to-date amid unwinding speculative positioning. The basic materials sector was the worst performer last week per Morningstar, and RBC Capital recently maintained its Outperform rating on OR but trimmed its price target to $45, reflecting tempered near-term expectations for gold royalty names even as longer-term sentiment remains constructive heading into Q2 earnings season.

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July 11, 2026OR Royalties closed modestly lower despite releasing strong preliminary Q2 2026 results, with revenues surging to $97.8 million from $60.4 million a year ago and a near-perfect cash margin of 96.8%. The royalty company earned 20,757 gold equivalent ounces in the quarter, reduced net debt to $139.4 million, and repurchased $8 million in shares — yet the stock retreated alongside broader gold sector weakness, as basic materials was the worst-performing sector for the week per Morningstar data, and a stronger US dollar weighed on precious metals sentiment.

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July 10, 2026OR Royalties closed higher, buoyed by a strong preliminary Q2 2026 report released the prior day showing revenues of $97.8 million — up 62% year-over-year — with a 96.8% cash margin on 20,757 gold equivalent ounces earned. The positive results were tempered by RBC Capital analyst Josh Wolfson maintaining his Outperform rating but trimming his price target from $50 to $45, while gold rallied above $4,100 amid renewed U.S.-Iran tensions and oil market volatility, providing a constructive commodity backdrop for the royalty company.

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July 9, 2026OR Royalties fell nearly 3% despite reporting strong preliminary Q2 2026 results, as a broader risk-off market selloff driven by Middle East tensions overshadowed the company's impressive fundamentals. The royalty and streaming company reported Q2 revenues of $97.8 million — up sharply from $60.4 million a year ago — with a 96.8% cash margin and 20,757 attributable gold equivalent ounces earned. The macro headwind came from President Trump declaring the U.S.-Iran interim deal 'over,' sending oil prices surging 5%+ and triggering a global risk-off move that weighed on gold prices and precious metals equities broadly.

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July 7, 2026OR Royalties declined over 2% as gold prices pulled back from recent highs, with spot gold consolidating around $4,150 per ounce amid mixed signals on Federal Reserve rate policy ahead of this week's Fed meeting minutes. Despite the near-term pressure, investor sentiment toward the royalty model remains constructive — a Seeking Alpha analysis published July 6 highlighted OR Royalties as a 'mid-tier royalty compounder entering its harvest phase,' citing the company's leverage to sustained high gold prices. Additionally, OR's royalty business saw a direct positive development as Hot Chili secured US$15 million via an amendment agreement with OR, lifting total royalty consideration to US$30 million for the La Verde and Costa Fuego project advancement. Volume came in above average at over 1 million shares, suggesting active investor repositioning amid the sector-wide gold pullback.

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Mining.com.au · July 17, 2026Canadian Copper closes $44.6 million financing with OR Royaltiesmarketscreener.com · July 16, 2026Canadian Copper Closes Project Financing with or Royalties to Advance Murray Brook Project and Caribou Process PlantMoomoo · July 16, 2026Or Royalties Inc Price Target Cut to C$85.00/Share From C$88.00 by CIBC World MarketsStock Titan · July 8, 2026OR Royalties Q2: $97.8M revenue, $94.7M cash marginPR Newswire · July 7, 2026Hot Chili Secures US$15 Million Via Amendment Agreement with OR Royalties Inc.Seeking Alpha · July 6, 2026OR Royalties: A Mid-Tier Royalty Compounder Entering Its Harvest Phase (NYSE:OR)Pluang · July 6, 2026OR Royalties grows into a mid-tier royalty plat...GlobeNewswire · May 6, 2026OR Royalties Declares 18% Increase to Quarterly Dividend
Benzinga · July 14, 2026Scotiabank Maintains Sector Perform on OR Royalties, Lowers Price Target to $42
Benzinga · July 9, 2026RBC Capital Maintains Outperform on OR Royalties, Lowers Price Target to $45
Mt Newswire · July 9, 2026RBC Capital Adjusts OR Royalties Price Target to $45 From $50, Maintains Outperform Rating
Mt Newswire · July 8, 2026OR Royalties Q2 Preliminary Revenue Jumps
Benzinga · July 8, 2026OR Royalties Earns 20,757 Attributable Gold Equivalent Ounces In Q2 Of 2026
Benzinga · July 6, 2026Jefferies Maintains Hold on OR Royalties, Lowers Price Target to $34
Mt Newswire · June 3, 2026RBC Adjusts Price Target on OR Royalties to $50 From $56, Maintains Outperform Rating
Mt Newswire · May 6, 2026OR Royalties Q1 Adjusted Earnings, Revenue Rise

Peers

S&P 500SPX · $7,457.69-1.01%Franco-Nevada CorporationFNV · $200.77+1.33%Wheaton Precious Metals Corp.WPM · $104.18-0.07%Royal Gold, Inc.RGLD · $189.17-1.05%Triple Flag Precious Metals Corp.TFPM · $27.36+0.74%Gold Royalty Corp.GROY · $2.55+1.19%Metalla Royalty & Streaming Ltd.MTA · $7.26+1.26%Altius Minerals CorporationATUSF · $39.50-3.16%Newmont CorporationNEM · $89.70-1.24%Abacus Global Management, Inc.ABX · $10.36-1.43%Agnico Eagle Mines LimitedAEM · $136.97-0.23%Pan American Silver Corp.PAAS · $41.77-0.50%