Strong operational performance and capital return via buybacks signal confidence. The upcoming acquisitions could expand the royalty portfolio meaningfully. Traders should monitor the May 6 earnings release for audited results and any guidance updates.
Price Chart
Executive Summary
OR Royalties reported preliminary Q1 2026 record revenues of $102.8 million on 22,740 GEOs delivered, achieving a 96.8% cash margin. The company repurchased $12.9 million (C$17.7 million) of shares and received $17.5 million in gold from the partial buyback of its Cascabel stream. Two major royalty acquisitions are expected to close in Q2.
Key Facts
- Preliminary Q1 2026 revenues: $102.8 million (record quarter)
- Attributable gold equivalent ounces (GEOs): 22,740
- Cash margin: $99.5 million (96.8%)
- Share repurchases: $12.9 million (C$17.7 million) under normal course issuer bid
- Received 4,290 oz gold (~$17.5 million) from partial buyback of Cascabel stream
- Cash position: $94.9 million as of March 31, 2026
- Revolving credit facility of $650 million undrawn
- Pending acquisitions from Gold Fields Limited and Sailfish Royalty Corp. expected to close in Q2 2026
Financial Impact
$102.8 million in revenue, $99.5 million cash margin, $12.9 million in share repurchases, $17.5 million non-operating gain from Cascabel buyback
Risk Factors
- Preliminary figures are subject to quarter-end adjustments
- Future performance depends on underlying mine operators and commodity prices
- Integration risk from upcoming acquisitions
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001171843-26-002321 |
| Document: f6k_040826.htm | 0001171843-26-002321 |
| Document: 0001171843-26-002321-index-headers.html | 0001171843-26-002321 |
| Document: 0001171843-26-002321-index.html | 0001171843-26-002321 |
| Document: 0001171843-26-002321.txt | 0001171843-26-002321 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 8, 2026 12w ago | 6-K | $29.23 $34.34 | ▲ +17.48% | ▲ +15.17% | $34.47 (+17.94%) |
Jul 2, 2026 13w ago | 6-K | $31.44 $34.28 | ▼ −9.03% | ▼ −5.47% | $34.47 (−9.65%) |
Jun 11, 2026 16w ago | Institutional Cluster | $32.74 $37.31 | ▲ +13.96% | ▲ +9.56% | $34.47 (+5.30%) |
May 7, 2026 21w ago | 6-K | $38.42 $30.76 | ▼ −19.94% | ▼ −24.78% | $34.47 (−10.27%) |
May 6, 2026 21w ago | 6-K | $37.48 $30.43 | ▼ −18.81% | ▼ −22.64% | $34.47 (−8.02%) |
Apr 16, 2026 24w ago | 6-K | $40.87 $28.73 | ▼ −29.70% | ▼ −36.75% | $34.47 (−15.65%) |
Apr 14, 2026 24w ago | 6-K | $40.11 $29.75 | ▼ −25.83% | ▼ −34.35% | $34.47 (−14.05%) |
Apr 14, 2026 24w ago | Press Release | $40.11 $29.75 | ▼ −25.83% | ▼ −34.35% | $34.47 (−14.05%) |
Apr 8, 2026 25w ago | 6-K | $40.23 $31.44 | ▼ −21.85% | ▼ −32.31% | $34.47 (−14.31%) |
Mar 30, 2026 26w ago | Press Release | $38.02 $32.25 | ▼ −15.18% | ▼ −27.56% | $34.47 (−9.32%) |
US Market Status
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