OR Royalties

Gold · Basic Materials

Price

$28.30

+0.25 (+0.89%)

Market Cap

$5.31B

Exchange

NYSE

Winston Score

Winston is happy

A high-quality business with solid fundamentals.

Share count rising — dilution

+12.8% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 167.6M (2021) → 189.2M (2025)

OR Royalties, Inc. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

Winston Score History

Growth Profile

For growth stock investors

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+84.7% YoY

YoY Growth Rate

Revenue accelerating

EPS Growth

+178.6% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

$0/ year

↓ Declining (-100% vs prior year)

0.0% of revenue

Below sector average (3%)

R&D spend declining — could signal cost-cutting or efficiency

Insider Activity

10.9%ownership

→ Flat

Insiders holding steady — not selling despite ability to

Cash Runway

~11 months

$95M cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Short runway — potential dilution ahead through share issuance

Revenue accelerating

OR Royalties grew revenue 85% year-over-year and the growth rate is speeding up. That's the kind of momentum growth investors look for — the question is whether margins can follow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin

86.1%

Premium pricing power — 86.1% gross margin

Operating Margin

78.0%

Excellent — 78.0% operating margin

ROCE

5.3%

Weak — 5.3% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales YoY

+51.8%

Fast-growing sales (51.8% YoY)

EPS YoY

+618.8%

Earnings growing fast (618.8% YoY)

Earnings growing 25%+ a year. The compounder zone.

EPS Consistency

8/8 quarters

Every recent quarter grew earnings vs last year

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Cash Flow

Cash Conversion

107%

Turns 107% of profit into real cash

FCF Margin

43.8%

Converts sales into free cash efficiently (43.8%)

Free cash flow margin above 20%. Out of every $100 in sales, more than $20 is real cash they keep.

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Stability

Debt / Equity

0.00

Conservative — low debt load (0.00)

Interest Cover

67.98x

Comfortably covers interest (68.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

P/E Ratio (TTM)

21.0x

Growth-priced — P/E 21.0

P/E above the market average. People are paying up for expected growth.

P/E vs Forward

+8.5

GROWING

Earnings expected to grow meaningfully — cheaper on forward P/E (21.0 → 12.5)

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Dividends

Dividend Yield

0.66%

Small dividend — 0.66% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend Growth

+18.9%

Dividend growing fast (18.9% YoY)

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