Track market-moving stories before they get noisy

MONTRÉAL, July 02, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) notes that today, its operating partner, Agnico Eagle Mines Limited (“Agnico Eagle”), reported that a rock mass movement occurred on July 1, 2026, along the north wall of the Barnat open pit at the Canadian Malartic Complex (“Canadian Malartic”) in Québec, Canada. There were no injuries, equipment damage or environmental impact as a result of the event. As a precautionary measure, Agnico Eagle has temporarily suspended mining operations in the Barnat open pit. Agnico Eagle's technical teams are conducting a detailed geotechnical assessment to confirm the stability of the affected area and determine the appropriate path forward. Planning activities are underway to support the safe and orderly resumption of operations in the Barnat pit.

MONTRÉAL, March 23, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to announce the appointment of Mr. Patrick Godin as an Independent Director to its Board of Directors (the “Board”).

Shares of Osisko Gold Royalties Ltd (TSE:OR – Get Free Report) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is C$50.50.

Several equities analysts have issued reports on the stock. Stifel Nicolaus upped their price objective on shares of Osisko Gold Royalties from C$61.00 to C$70.00 in a research note on Tuesday, February 10th. TD Securities cut their target price on Osisko Gold Royalties from C$67.00 to C$64.00 and set a “hold” rating on the stock in a research report on Monday, February 23rd.

Read Our Latest Analysis on OR

Osisko Gold Royalties Price Performance Osisko Gold Royalties stock opened at C$55.40 on Friday. The company’s 50 day simple moving average is C$56.36 and its 200-day simple moving average is C$52.60. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.98 and a current ratio of 4.53. Osisko Gold Royalties has a 1 year low of C$27.08 and a 1 year high of C$65.54. The company has a market capitalization of C$10.39 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.69.

About Osisko Gold Royalties (Get Free Report)

OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions defined as Canada, the United States, and Australia. OR Royalties commenced activities in June 2014 with a single producing asset, and today holds a portfolio of over 195 royalties, streams and similar interests. OR Royalties’ portfolio is anchored by its cornerstone asset, the 3-5% net smelter return royalty on Agnico Eagle Mines Limited’s Canadian Malartic Complex, one of the world’s largest gold mines.

Further Reading Five stocks we like better than Osisko Gold Royalties

Receive News & Ratings for Osisko Gold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko Gold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.

Gold colored crown on black background. Horizontal composition.

getty

Gold has endured for centuries not because it’s the “next big thing,” but because it’s historically been seen as reliable when confidence in everything else starts to crack.

Take today’s environment. Inflation pressures persist, geopolitical tensions continue to simmer and fiscal discipline is, at best, optional. Against this backdrop, gold has once again stepped into the spotlight.

But I believe there’s a smarter way to gain exposure than simply owning bullion or mining companies.

Royalty and streaming companies have built one of the most attractive business models in the resource sector. They finance mines rather than operate them, securing rights to future production at fixed costs. This has resulted in strong margins, consistent cash flow and meaningful leverage to rising gold prices.

Below are the top 10 gold royalty and streaming companies based on market cap, counting down from 10. All figures are in U.S. dollars.

MORE FOR YOU

10. Metalla Royalty & StreamingMetalla Royalty & Streaming

Bloomberg

Metalla Royalty & Streaming represents a newer generation of royalty companies focused on growth. With a portfolio approaching 100 mines and other assets, the company has built exposure across gold, silver and copper projects in well-established mining jurisdictions.

What distinguishes Metalla is its emphasis on partnering with large, experienced operators. That approach has helped reduce operational risk while preserving upside tied to exploration success.

9. Gold Royalty Corp.Gold Royalty Corp.

Bloomberg

Gold Royalty has taken a different path, building its portfolio through a “royalty generation” model. Instead of simply acquiring royalties, it helps create them by advancing projects and then monetizing them.

This strategy has resulted in a large and growing portfolio with strong exposure to North America. While still developing its cash flow base, the company offers long-term optionality tied to project advancement and discovery.

8. Versamet RoyaltiesVersamet Royalties

Bloomberg

Versamet is in the middle of a transition. Having listed on Nasdaq as recently as March 2026, it’s now evolving into a mid-tier company anchored by a major gold stream on the Eskay Creek project in Canada.

That property provides near-term production visibility and scale, positioning Versamet for a potential re-rating as the project moves closer to full production. It’s a classic example of how one well-executed transaction can redefine a company’s trajectory.

7. LunR RoyaltiesLunR Royalties

Bloomberg

Founded in 2025, LunR is an emerging name built to bridge the gap between junior and senior royalty companies. Its strategy centers on acquiring high-quality, large-scale assets early, before they reach full production.

That timing introduces risk, but it also creates the potential for outsized returns if projects are successfully developed. As its portfolio matures, I believe LunR could develop into an important player in the space.

6. Altius MineralsAltius Minerals

Bloomberg

Altius offers something different. While it has exposure to precious metals, it also includes royalties tied to commodities such as potash, copper and even renewable energy.

This diversification can help smooth returns across cycles, while recent acquisitions have strengthened its balance sheet. It’s not a pure gold play, but that’s part of what some investors find interesting.

5. Triple Flag Precious MetalsTriple Flag Precious Metals

Bloomberg

Triple Flag has quickly established itself as a leading mid-tier company. Its portfolio spans more than 200 assets, supported by a disciplined investment approach and a strong pipeline of development-stage projects.

I believe the company’s focus on high-quality properties and stable jurisdictions gives it a balanced profile, combining growth potential with a measure of risk control.

4. OR RoyaltiesOR Royalties

Bloomberg

OR Royalties stands out for its emphasis on relatively safe jurisdictions such as Canada, the U.S. and Australia. In a world where geopolitical risk is rising, that can make a big difference.

The company’s assets have generated high cash margins and consistent performance, reflecting the strength of the royalty model when paired with high-quality locations. It offers investors a combination of safety and growth that is increasingly difficult to find.

3. Royal GoldRoyal Gold

Bloomberg

Royal Gold is one of the pioneers of the royalty and streaming model and remains a giant in the industry. Its portfolio spans hundreds of properties, providing broad exposure to gold and silver.

The company’s long track record of disciplined capital allocation and dividend growth speaks to the durability of its approach. For many investors, including us, Royal Gold represents a steady way to participate in the precious metals sector.

2. Franco-NevadaFranco-Nevada

Bloomberg

Many investors view Franco-Nevada as the gold standard for the entire industry. Its portfolio is highly diversified, with more than 100 producing assets and exposure that extends beyond precious metals into energy.

That diversification provides resilience while still delivering strong leverage to gold prices. Combined with a strong balance sheet and a history of attractive returns, I believe Franco-Nevada has more than earned its reputation as a core holding.

1. Wheaton Precious MetalsWheaton Precious Metals

Bloomberg

Wheaton Precious Metals sits at the top for a reason. It’s one of the largest and most focused streaming companies, with the majority of its revenue tied directly to gold and silver.

Wheaton’s portfolio consists largely of long-life, low-cost assets, giving it a powerful margin profile. Because its costs are fixed, rising gold prices flow directly to the bottom line. With a strong growth pipeline and proven ability to execute large transactions, Wheaton remains one of the most compelling ways to gain exposure to precious metals.

A Smarter Way to ParticipateRoyalty and streaming companies have reshaped how investors think about the gold industry. By removing many of the operational risks associated with mining, they offer what I see as a more efficient path to capturing the benefits of higher metal prices.

That said, many investors prefer not to rely on a single company. A diversified approach can provide broader exposure across the sector while helping manage risk.

Q1 2026 revenue was $3.00 billion. This is higher than the estimated revenue of $2,997.59 million.GAAP diluted EPS was $2.43. This is below the estimated EPS of $2.53.Adjusted diluted EPS was $2.65. This is higher than the estimated EPS of $2.53.Income from railway operations was $877 million; adjusted income from railway operations was $939 million.Operating ratio was 70.7%; adjusted operating ratio was 68.7%.Railway operating revenue increased by $5 million year over year and volumes declined by 1%.Prior-year GAAP diluted EPS was $3.31; prior-year adjusted diluted EPS was $2.69.Prior-year operating ratio was 61.7%; prior-year adjusted operating ratio was 67.9%.Current annual estimates: EPS of 12.06 and revenue of $12,589.00 million. On April 24, 2026, Norfolk Southern Corp NSC released its 8-K filing detailing first quarter 2026 results. The Class I railroad operates in the Eastern United States. On more than 20,000 miles of track, the rail hauls shipments of coal, intermodal traffic, and a diverse mix of automotive, agricultural, metal, chemical, and forest products.

Quarterly performance and estimate comparison Norfolk Southern Corp NSC reported first quarter 2026 revenue of $3.0 billion, described as flat year over year with a $5 million increase on a 1% volume decline. Revenue was $3.00 billion, which is higher than the estimated revenue of $2,997.59 million. GAAP diluted EPS was $2.43, down 27% from $3.31 a year ago. GAAP diluted EPS was $2.43, which is below the estimated EPS of $2.53.

Adjusting for merger-related expenses and the effects of the Eastern Ohio incident, adjusted diluted EPS was $2.65, down 1% from $2.69 a year ago. Adjusted diluted EPS was $2.65, which is higher than the estimated EPS of $2.53. On the operating line, income from railway operations was $877 million, down 23% year over year, while adjusted income from railway operations was $939 million, down 2% versus the adjusted prior-year period.

“In the first quarter, our team stayed focused on what we could control, operating with discipline amid volatile volumes, severe winter weather, and a rapidly shifting macroeconomic environment including the dramatic rise in fuel prices in March,” said Mark George, president and chief executive officer of Norfolk Southern. “Despite these challenges, our employees safely delivered a solid service product, managed costs effectively, and earned the continued trust of our customers. As conditions improved, we captured momentum exiting the quarter, reinforcing the strength of our operating foundation and the dedication of the entire Norfolk Southern team.”Operating efficiency and adjustments The operating ratio (OR) was 70.7% versus 61.7% a year ago. The adjusted operating ratio was 68.7%, which is 80 basis points higher than the adjusted 67.9% in the prior year. For railroads, the operating ratio is a core efficiency metric; higher ratios indicate greater cost intensity against revenue, which can pressure margins when volumes soften or fuel costs rise.

Management provided a non-GAAP reconciliation to isolate the impact of merger-related expenses and the Eastern Ohio incident. These adjustments are important for investors seeking to evaluate underlying operations amid one-time items and episodic disruptions.

Q1 2026 (in millions, except per-share and %) Income from railway operations$877 Merger-related expenses and effect of the Eastern Ohio incident+62 Adjusted income from railway operations$939 Operating ratio70.7% Adjustment (merger-related and incident)-2.0% Adjusted operating ratio68.7% Diluted EPS$2.43 Adjustment (merger-related and incident)+0.22 Adjusted diluted EPS$2.65 Q1 2025 (comparative) Income from railway operations$1,146 Effect of the Eastern Ohio incident(185) Adjusted income from railway operations$961 Operating ratio61.7% Effect of the Eastern Ohio incident+6.2% Adjusted operating ratio67.9% Diluted EPS$3.31 Effect of the Eastern Ohio incident(0.62) Adjusted diluted EPS$2.69Performance context, challenges, and what matters for investors The quarter unfolded against volatile volumes, severe winter weather, and a spike in fuel prices. For a network railroad, each of these factors can inflate operating expenses and elongate cycle times, which tend to raise the operating ratio and dampen income from railway operations. The 1% volume decline and fuel cost pressures help explain the year-over-year deterioration in GAAP operating ratio and the decline in GAAP EPS.

Adjusted results show a narrower year-over-year variance. Adjusted income from railway operations declined 2%, and adjusted EPS declined 1%. This indicates that, excluding the merger-related items and the ongoing effects tied to the Eastern Ohio incident, underlying operations were comparatively stable. In the transportation sector, holding service levels and costs in check during weather and fuel shocks is a key differentiator, as it preserves customer trust and network fluidity.

Financial statement takeaways and key metrics The filing emphasizes the income statement and operating metrics central to rail analysis: revenue, volumes, income from railway operations, EPS, and operating ratio. These are critical because they capture pricing and mix (revenue), demand and network utilization (volumes), core profitability (income from railway operations), shareholder earnings power (EPS), and cost discipline (operating ratio). Balance sheet and cash flow details were not included in the provided excerpt, so leverage, liquidity, and free cash flow were not disclosed here.

For additional context, current annual estimates stand at EPS of 12.06 and revenue of $12,589.00 million. While these figures offer a benchmark for the full year, investors will likely monitor how service consistency, fuel dynamics, and any remaining incident or merger-related effects influence operating ratio and earnings conversion in subsequent quarters.

Analysis Norfolk Southern Corp NSC modestly exceeded revenue expectations and delivered an adjusted EPS beat, while GAAP EPS fell short. The spread between GAAP and adjusted outcomes highlights the impact of merger-related expenses and the Eastern Ohio incident in both the current and prior-year periods. The primary operational watchpoint is the operating ratio, which rose materially on a GAAP basis and was 80 basis points higher year over year on an adjusted basis. Sustained cost control and stable service will be essential to protect margins if volumes remain uneven and fuel volatility persists.

GuruFocus Valuation Check Based on GuruFocus’ proprietary metrics, Norfolk Southern Corp NSC appears overvalued relative to its GF Value. The GF Value is $246.73, while the current price is $321.44, indicating the shares trade about 30.3% above fair value. This suggests a limited margin of safety at current levels.

The company’s GF Score is 86/100, which is considered strong and reflects a compelling blend of quality and execution. A Profitability Rank of 9/10 indicates durable earnings power, while a Growth Rank of 7/10 points to solid expansion prospects within the industry context. However, Financial Strength at 4/10 is middling, signaling that investors should keep an eye on leverage and balance sheet flexibility. Predictability at 4.5 stars and a Moat Score of 7/10 reinforce the view that earnings are relatively consistent and competitive advantages are meaningful for a Class I railroad.

Insider Activity shows no insider transactions in the last 3 months. The absence of notable insider buying or selling is neutral and does not provide a strong directional signal. For a deeper dive, visit the Norfolk Southern Corp stock page on GuruFocus.

Explore the complete 8-K earnings release (here) from Norfolk Southern Corp for further details.

This stock alert was generated using automated technology and GuruFocus financial data to provide readers with timely and accurate market reporting. This content was reviewed by GuruFocus editorial team prior to publication. Please send any questions or comments about this story to [email protected].

MONTREAL, May 06, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (the “Company” or “OR Royalties”) (OR: TSX & NYSE) is pleased to announce that its Board of Directors has approved a second quarter 2026 dividend of US$0.065 per common share, an 18.2% increase over the previous quarterly dividend. The dividend will be paid on July 15, 2026 to shareholders of record as of the close of business on June 30, 2026. This increased quarterly dividend is intended to be applied to all subsequent quarters, or until further notice is provided. The declaration, timing, amount and payment of future dividends remain at the discretion of the Company's Board of Directors. This dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).

OR Royalties Inc. (OR:CA) Q1 2026 Earnings Call Transcript