OR stock reports 62 percent Q2 revenue growth amid analyst caution
Published on 10/05/2026 at 15:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
OR stock was trading at CAD 48.68 on the TSX at 9:49 a.m. ET on October 5, 2026, down 0.86 percent from the prior close. The latest operating picture is stronger: OR Royalties generated USD 97.8 million in second-quarter 2026 revenue, a 62 percent year-over-year increase, according to Darcovo.
Revenue growth meets cash conversion
The Q2 2026 result combined revenue of USD 97.8 million with operating cash flow of USD 83.2 million. That cash flow also increased 62 percent year over year, while net earnings reached USD 61.4 million, according to Darcovo.
The figures matter because royalty and streaming companies depend on production from partner mines rather than operating every mine themselves. OR Royalties earned 20,757 gold-equivalent ounces in Q2 2026, while its cash margin reached 96.8 percent, according to Darcovo.
Analysts see a measured upside
MarketBeat reported on September 16, 2026, that Royal Bank of Canada raised its OR Royalties target from USD 45.00 to USD 47.00 and kept an Outperform rating. The change followed quarterly adjusted earnings per share of USD 0.32 versus a USD 0.31 consensus estimate, according to MarketBeat.
The broader view is less aggressive. MarketBeat reported a Hold consensus from nine firms on September 14, 2026, with one Sell, four Holds, three Buys and one Strong Buy. The average 12-month target was USD 40.50, while the reference price in the same report was USD 35.97, placing the target 12.6 percent above that price, according to MarketBeat.
Dividend date adds a near-term checkpoint
OR Royalties declared a quarterly dividend of USD 0.065 per share, with payment scheduled for October 15, 2026, to shareholders of record on September 30, 2026, according to MarketBeat. The payment is a concrete test of the company's shareholder-return policy as investors weigh strong cash generation against exposure to metal prices and partner mine output.
OR stock stays below its yearly high
At CAD 48.68 on the TSX on October 5, 2026, OR stock stood below its 52-week high of CAD 65.54 and above its 52-week low of CAD 38.58. The company had a market capitalization of CAD 9.1 billion and volume of 9,749 shares at the same timestamp.
OR stock facts
- Company: OR Royalties Inc.
- ISIN: CA68827L1013
- Ticker: OR
- Trading venue: Toronto Stock Exchange
- Price (as of October 5, 2026, 9:49 a.m. ET): CAD 48.68
- Market capitalization: CAD 9.1 billion (as of October 5, 2026)
- 52-week range: CAD 38.58-65.54 (as of October 5, 2026)
- Sector / Industry: Basic Materials / Precious Metals Royalties and Streaming
Upcoming dates for OR stock
- October 15, 2026: Quarterly dividend payment
