Osisko Gold Royalties Ltd (OR) AI Stock Analysis

Osisko Gold Royalties Ltd, headquartered in Montreal, Canada, specializes in acquiring and managing precious metal royalties, streams, and other interests domestically and internationally. Its strategic focus includes holding options on royalty and stream financings and participating in future opportunities across mining projects. Key assets include a 5% net smelter return royalty on the Canadian Malartic gold mine in Canada. Additionally, the company is engaged in exploring, evaluating, and developing mining projects targeting gold, silver, diamonds, and other valuable minerals to expand its resource base.

Revenue grew from $176.4M in FY2021 to $160.5M in FY2022, before rising to $183.2M in FY2023, $191.2M in FY2024, and $282.0M in FY2025, representing a 5-year revenue CAGR of 5.7%. Net income improved from -$18.5M in FY2021 and -$87.5M in FY2022 to $16.3M in FY2024 and $209.5M in FY2025, lifting net margin to 74.3%. Operating margin expanded from 49.9% in FY2021 to 72.9% in FY2025. In the latest quarter ended June 30, 2026, quarterly revenue increased 62.0% year-over-year, and quarterly earnings grew 92.4%.

As of June 30, 2026, Osisko Gold Royalties held $75.6M in cash and short-term investments against $219.3M in total debt, resulting in net debt of $143.7M. Total assets stood at $1.86B and shareholders' equity was $1.48B, supported by a debt-to-equity ratio of 0.15 and a current ratio of 2.28. In FY2025, operating cash flow reached $249.7M and free cash flow was $212.2M. Capital expenditures were $37.5M, while share buybacks totaled $37.3M and dividends paid were $35.4M.

At a last close of $35.55 on October 16, 2026, Osisko Gold Royalties has a market cap of $6.67B and an enterprise value of $6.91B. The stock trades at a trailing P/E of 23.5x and a forward P/E of 27.9x, above the median of its US-listed Basic Materials peers of 19.7x and 13.4x, respectively. Its enterprise value-to-EBITDA multiple is 18.1x versus the peer median of 10.5x. Over the past year, the stock fell 10.5%, trailing the S&P 500 return of 16.8%, though its 5-year return of 207.0% exceeds the index return of 83.0%.

Osisko Gold Royalties pays a quarterly dividend with an annual forward dividend of $0.26, yielding 0.73%. The payout ratio is 19.1%. The company has paid dividends for 13 consecutive years, achieving an annualized 5-year dividend growth rate of 7.1%. Its last ex-dividend date was September 30, 2026.

Osisko Gold Royalties holds 2 Strong Buy, 5 Buy, and 4 Hold ratings from analysts, with no Sell or Strong Sell ratings. The mean price target of $43.75 implies 23.1% upside from the last close of $35.55. For the fiscal year ending December 31, 2026, consensus estimates project revenue of $384.6M and EPS of $1.27, representing 44.5% EPS growth. The company beat EPS estimates in each of the last 4 quarters. The next earnings date is November 11, 2026.

This page is an AI-written research summary of Osisko Gold Royalties Ltd (OR). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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