Canada's OR Royalties Q2 revenue rises 27%

Overview

• OR Royalties Q2 revenue from royalties and streams rises to C$60.4 mln from C$47.4 mln in 2024

• Net earnings for Q2 reach C$32.4 mln, reversing last year's loss

• Company acquires new royalties and streams, enhancing portfolio

Outlook

• OR Royalties expects 2025 GEOs between 80,000 and 88,000

• Company anticipates stronger second half for GEOs earned

• Key portfolio catalysts expected before year-end include feasibility studies

Result Drivers

• ROYALTY PAYMENTS - First payments received from Cardinal Namdini Mining and Talisker Resources contributed to revenue growth

• ASSET PERFORMANCE - Canadian Malartic's strong performance offset underperformance at Mantos Blancos

• ACQUISITIONS - New acquisitions of royalty and stream interests enhanced the company's portfolio

Key Details

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 gold peer group is "buy"

• Wall Street's median 12-month price target for OR Royalties Inc is C$40.00, about 3.7% above its August 1 closing price of C$38.53

• The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 37 three months ago

Press Release: ID:nGNX7GZX73