Is OR Royalties Inc. (NYSE:OR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating OR Royalties Inc. at current levels.
A 96% gross margin gold royalty book with zero debt, riding a structural bull market, but the easy money has been made.
Where OR is headed
OR Royalties is what gold mining wants to be when it grows up. Ninety-six percent gross margins, zero debt, and a Canadian Malartic royalty cheque that keeps writing itself while the operator (Agnico Eagle) does the digging, hedging, and explaining of cost overruns. The Montreal name change last May from Osisko Gold Royalties was cosmetic. What matters is that the underlying book of 195+ royalties and streams is now throwing off real cash, with TTM revenue up 87% as gold sits comfortably above $3,000/oz and Canadian Malartic's underground transition starts contributing meaningful ounces.
Read the full Compass Direction on OR
The complete destination call, the overlooked angle, milestones, and bull, base, and bear price scenarios (around $36.05).
See the full OR analysisGet calls like this, free
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Frequently asked questions
Is OR Royalties Inc. (NYSE:OR) a buy in 2026?
Yes, on balance. The Compass leans toward accumulating OR Royalties Inc. at current levels. A 96% gross margin gold royalty book with zero debt, riding a structural bull market, but the easy money has been made.
What is OR's Compass Score?
OR Royalties Inc. scores 83/100 on Alexandria's Compass, placing it in the "True North" tier. Scores blend eight factors and update weekly.
What is the price target for OR?
Alexandria's full Compass Direction includes bull, base, and bear price scenarios with the valuation math behind each. Read the full breakdown on the OR page.
Compass verdicts are AI-generated, forward-looking editorial research from publicly available data, not investment advice or a recommendation regarding any security. Scores and verdicts update as the data changes.