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An announcement from Orogen Royalties ( (TSE:OGN) ) is now available.
Orogen Royalties Inc. has entered into an agreement with Altitude Minerals Ltd., allowing Altitude to acquire the Firenze gold project in Nevada. The deal involves a payment of US$430,000 and a 3% net smelter return royalty, with proceeds from the sale being split between Orogen and its partner, Altius Minerals Corporation. This transaction marks the third royalty generated under Orogen’s alliance with Altius, highlighting the company’s strategic focus on creating value through exploration-stage projects. The Firenze project, with its promising epithermal veins and historical high-grade samples, represents a significant opportunity for future exploration and development.
The most recent analyst rating on (TSE:OGN) stock is a Buy with a C$2.00 price target. To see the full list of analyst forecasts on Orogen Royalties stock, see the TSE:OGN Stock Forecast page.
Spark’s Take on TSE:OGN Stock
According to Spark, TipRanks’ AI Analyst, TSE:OGN is a Outperform.
Orogen Royalties’ strong financial performance and bullish technical indicators are the primary drivers of its stock score. The company’s high profitability and low leverage position it well financially, while the stock’s current momentum suggests positive market sentiment. However, the overbought RSI and moderate valuation indicate potential risks that investors should consider.
To see Spark’s full report on TSE:OGN stock, click here.
More about Orogen Royalties
Orogen Royalties Inc. is a company focused on organic royalty creation within the mining industry, primarily dealing with gold and other precious metals. The company engages in strategic alliances to generate royalties from exploration-stage projects, enhancing its market position by leveraging partnerships to identify and develop prospective mining targets.
Average Trading Volume: 82,142
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$137.7M
Learn more about OGN stock on TipRanks’ Stock Analysis page.