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OR
OR Royalties Inc.
NYSE· Basic Materials· Gold· CUSIP 68390D106
$33.33-4.25%Price as of Oct 23, 00:50 UTC · updated once a day, after the close
At a glance
OR Royalties Inc. (OR) is listed on NYSE and classified in Gold, part of the Basic Materials sector. It is headquartered in Montreal, Canada. The company is worth $6.25B and trades at 23.0x its earnings of the last twelve months; the median for its sector is 19.1x. Revenue was $277.37M in fiscal 2025, up 45.1% from the year before. Net income was $206.09M. The share price is 30.6% below its 52-week high of $48.06. It pays a dividend yielding 0.78%. 8 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Paul Singer (Elliott Investment Management), at $98.4M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $6.25B
- P/E
- 23.0x
- Forward P/E
- 25.0x
- P/B
- 4.2x
- Dividend yield
- 0.78%
- Payout
- 17.93%
- EPS
- $1.45
- ROE
- 20.41%
- Profit margin
- 78.03%
- Revenue growth
- +62.00%
- Beta
- 1.35
- 52-week high
- $48.06
- 52-week low
- $27.54
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Paul SingerHeldElliott Investment Management · Q2 2026$98.4M3.11M shares · 0.7% of portfolio
- Two SigmaReducedTwo Sigma Investments · Q2 2026$64.19M2.03M shares · 0.0% of portfolio
- Renaissance TechnologiesHeldRenaissance Technologies · Q2 2026$23.86M754.3K shares · 0.0% of portfolio
- Cliff AsnessAddedAQR Capital Management · Q2 2026$23.81M753.79K shares · 0.0% of portfolio
Ken GriffinReducedCitadel Advisors · Q2 2026$20.25M640.3K shares · 0.0% of portfolio- Israel EnglanderReducedMillennium Management · Q2 2026$16.79M530.77K shares · 0.0% of portfolio
- Steve CohenAddedPoint72 Asset Management · Q2 2026$5.9M186.44K shares · 0.0% of portfolio
Ray DalioHeldBridgewater Associates · Q2 2026$2.68M84.7K shares · 0.0% of portfolio
Price over time
▲ +191.2% over 5Y.
today you would have $2,964.65▲ +196.5%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $35.39 | $18.10 | $14.28 | $12.07 | |
| P/E | — | 32.5x | 201.1x | — | — |
| P/S | 16.1x | 23.9x | 17.7x | 14.4x | 13.8x |
| P/B | 2.5x | 4.6x | 2.8x | 2.1x | 1.7x |
| EPS | $1.09 | $0.09 | -$0.20 | -$0.49 | |
| Dividend yield | 1.12% | 0.28% | 1.02% | 1.23% | 1.38% |
| Payout | — | 9.17% | 204.44% | — | — |
| Profit margin | -5.96% | 74.30% | 8.51% | -20.43% | -54.52% |
| ROE | -0.82% | 14.39% | 1.37% | -3.00% | -6.82% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$16.08
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$37.38
Earnings growing 25.0% a year plus a 0.8% dividend yield. Growth capped at 25%.
Earnings
$27.72
Median P/E of 19.1 among peers in the sector.
Earnings
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Cash flow
$38.86
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
$15.47
Sector median of 9.8x operating profit, less net debt. Banks have no EBITDA.
Dividends
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $27.06 (avg. of 3)+Cash flow $38.86+Operating $15.47÷ 3 =$27.13
$27.13
5 methods answered, across 3 families.
$20.35
Room for errors in the reported numbers.
$33.33
-18.6% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Basic Materials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BTGB2gold Corp | $4.87 | 8.9x | 1.6x | 1.64% | 22.64% | $6.43B |
| TFPMTriple Flag Precious Metals Corp. | $29.37 | 15.5x | 2.7x | 0.82% | 20.15% | $6.05B |
| OGCOceanaGold Corp | $27.03 | 7.2x | 2.4x | 1.11% | 37.34% | $6.01B |
| SSRMSsr Mining Inc | $29.20 | 10.5x | 1.8x | 0.10% | 14.27% | $5.95B |
| AUGOAura Minerals Inc. | $78.55 | 22.2x | 14.4x | 3.36% | 100.16% | $6.59B |
| SBSWSibanye Stillwater Ltd | $9.32 | 8.2x | 4.0x | 8.69% | 34.73% | $6.74B |
About the company
- Montreal, Canada