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    How Investors May Respond To OR Royalties (TSX:OR) Expanding Its Bathurst Precious Metals Streaming Deal

    Simply Wall St·07/18/2026 20:19:47
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    • Earlier this week, Canadian Copper closed a precious metals stream and equity subscription of up to C$43,830,000 with OR Royalties, including a C$7,020,000 upfront stream deposit and a C$5,480,000 equity investment at a premium price to support development of the Bathurst Complex in New Brunswick.
    • This deal adds a long-term stream on 20% of the Bathurst Complex’s payable silver and gold for OR Royalties, reinforcing its role as a major financier of future precious metal production through capital-efficient streaming structures.
    • We will now examine how this sizeable Bathurst Complex streaming and equity package could influence OR Royalties’ investment narrative and growth profile.

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    OR Royalties Investment Narrative Recap

    To own OR Royalties, you have to believe in a high margin, precious metals focused royalty model that steadily converts a growing project pipeline into long life cash flows. The Bathurst Complex stream and equity package fits that thesis by adding another long dated silver and gold exposure, but it does not clearly change the near term focus on ramp ups at existing cornerstone assets or the key risk around partner project delays and cost or permitting setbacks.

    The most directly relevant recent update is OR Royalties’ preliminary Q2 2026 royalty and streaming revenue of US$97.8 million, which underpins the company’s capacity to fund new deals like Bathurst from a position of balance sheet strength. Together, resilient quarterly revenues and this new stream highlight how OR Royalties is still in active deployment mode while relying on external operators to execute on multiple pre production and expansion projects that underpin future gold equivalent ounce growth.

    Yet, against this attractive new silver and gold exposure, investors should also be aware that OR Royalties’ growing dependence on a handful of cornerstone mines means...

    Read the full narrative on OR Royalties (it's free!)

    OR Royalties’ narrative projects $535.0 million revenue and $361.4 million earnings by 2029. This requires 18.0% yearly revenue growth and a $107.4 million earnings increase from $254.0 million today.

    Uncover how OR Royalties' forecasts yield a CA$73.81 fair value, a 86% upside to its current price.

    Exploring Other Perspectives

    TSX:OR 1-Year Stock Price Chart
    TSX:OR 1-Year Stock Price Chart

    This Bathurst deal sits at the intersection of two very different views: bullish analysts once modeled about US$539.0 million in revenue and US$337.1 million in earnings by 2028, while more cautious takes highlight funding and execution risks at projects like Canadian Malartic that could slow that path, so you should weigh where you sit between those optimistic and more reserved narratives as new transactions come through.

    Explore 4 other fair value estimates on OR Royalties - why the stock might be worth as much as 86% more than the current price!

    The Verdict Is Yours

    Disagree with existing narratives? Extraordinary investment returns rarely come from following the herd, so go with your instincts.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.