Want to see TSE:OGN full AI Analyst Report?
Top Page
Orogen Royalties
(OGN)
Select Model
Select Model
Rating:69Neutral
Price Target:
C$4.00
▼(-15.97% Downside)
Action:Downgraded
Date:10/06/26
The score is primarily supported by strong financial performance (very high margins and minimal leverage, with improving free cash flow). This is offset by weak technical momentum (price below key moving averages and negative MACD), while valuation is moderate at a ~18 P/E without a provided dividend yield.
Positive Factors
Revenue and Margin Strength
Strong recent revenue growth combined with very high gross and net margins indicates an asset-light business with substantial operating leverage. If this performance persists, the company can retain more revenue as profit and fund royalties, partnerships, or exploration initiatives without proportionally higher costs.
Negative Factors
Project-Dependent Royalty Economics
The royalty model offers operating-cost leverage, but cash generation depends on third-party projects progressing from exploration to production. Delays or failure to reach production can postpone or eliminate expected royalty receipts, making durable earnings dependent on external project advancement.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Strength
Strong recent revenue growth combined with very high gross and net margins indicates an asset-light business with substantial operating leverage. If this performance persists, the company can retain more revenue as profit and fund royalties, partnerships, or exploration initiatives without proportionally higher costs.
Read all positive factors
Orogen Royalties (OGN) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$221.42M
Dividend Yield200.5%
Average Volume (3M)18.95K
Price to Earnings (P/E)16.9
Beta (1Y)1.97
Revenue Growth58.33%
EPS GrowthN/A
CountryCA
Employees9
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)0.22
Shares Outstanding59,362,335
10 Day Avg. Volume19,864
30 Day Avg. Volume18,952
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)2.41
Price to Sales (P/S)5.80
P/FCF Ratio53.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.16
Revenue Forecast (FY)C$6.10M
Orogen Royalties Business Overview & Revenue Model
Company Description
Orogen Royalties Inc. is a company focused on mineral exploration, with operations spanning Canada, the United States, and Mexico. Its activities are structured across two primary segments: Mineral Royalties and Mineral Exploration Project Generat...
How the Company Makes Money
Orogen Royalties makes money primarily through (1) royalty income and related payments from mineral properties where it holds royalty interests, and (2) consideration received from prospect-generation and property option/joint-venture agreements w...
Orogen Royalties Financial Statement Overview
Summary
Income Statement
82
Very Positive
Balance Sheet
90
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.07M | 12.64M | 9.35M | 7.83M | 3.78M | 2.08M |
| Gross Profit | 15.98M | 12.56M | 9.27M | 7.74M | 3.65M | 1.89M |
| EBITDA | 9.66M | 6.40M | 4.40M | 3.14M | 841.03K | -1.19M |
| Net Income | 9.59M | 4.56M | 2.59M | 3.04M | 840.18K | -2.83M |
Balance Sheet | ||||||
| Total Assets | 38.79M | 31.92M | 69.76M | 62.59M | 53.11M | 51.67M |
| Cash, Cash Equivalents and Short-Term Investments | 30.23M | 23.59M | 24.23M | 16.93M | 11.37M | 9.12M |
| Total Debt | 156.92K | 187.69K | 256.67K | 191.23K | 235.03K | 229.30K |
| Total Liabilities | 1.55M | 1.51M | 1.65M | 1.01M | 833.21K | 974.57K |
| Stockholders Equity | 37.24M | 30.41M | 68.11M | 61.58M | 52.28M | 50.69M |
Cash Flow | ||||||
| Free Cash Flow | 2.96M | 1.36M | 3.05M | -498.60K | 671.42K | -3.56M |
| Operating Cash Flow | 2.37M | 1.36M | 3.05M | 1.36M | 687.12K | -3.53M |
| Investing Cash Flow | 6.23M | -422.90K | 1.02M | -3.80M | -349.41K | 2.05M |
| Financing Cash Flow | -7.10M | -7.03M | 2.92M | 5.29M | 251.49K | 718.10K |
Orogen Royalties Technical Analysis
Negative
4.76
Price Trends
4.58
Negative
4.09
Negative
3.75
Negative
Market Momentum
-0.17
Negative
39.62
Neutral
64.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:OGN, the sentiment is Negative. The current price of 4.76 is above the 20-day moving average (MA) of 3.98, above the 50-day MA of 4.58, and above the 200-day MA of 3.75, indicating a bearish trend. The MACD of -0.17 indicates Negative momentum. The RSI at 39.62 is Neutral, neither overbought nor oversold. The STOCH value of 64.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:OGN.
Orogen Royalties Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | C$212.78M | 9.99 | 34.79% | ― | 95.04% | 247.07% | |
74 Outperform | C$493.72M | 2.50 | 197.04% | 2.81% | 87.76% | ― | |
69 Neutral | C$221.42M | 16.92 | 29.83% | 200.50% | 58.33% | ― | |
63 Neutral | C$106.60M | 7.89 | 4.37% | 7.33% | 22.69% | -20.87% | |
58 Neutral | C$97.74M | 17.30 | 23.88% | ― | ― | 62.95% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
48 Neutral | C$85.99M | -9.45 | -10.51% | ― | ― | -108.87% |
* General Sector Average
TSE:OGN
Orogen Royalties
3.73
1.58
73.49%
TSE:GG
Golconda Gold
2.98
1.10
58.51%
TSE:MJS
Majestic Gold
0.08
-0.08
-50.33%
TSE:NCAU
Newcore Gold
0.28
-0.39
-58.65%
TSE:XTG
Xtra-Gold Resource
2.11
-1.23
-36.83%
TSE:FISH
Sailfish Royalty
6.26
3.63
138.20%
Orogen Royalties Corporate Events
Business Operations and StrategyM&A Transactions
Orogen Secures Royalty as Northern Discovery Acquires Cibola Copper-Gold Project
Positive
Oct 8, 2026
Orogen Royalties has sold a 100% interest in its Cibola copper-gold porphyry project in British Columbia to Northern Discovery Metals in exchange for $130,000 and 700,000 Northern shares, while retaining a 2% net smelter return royalty with a part...
Business Operations and StrategyM&A Transactions
Orogen Royalties Expands Utah Gold Portfolio With Two New Epithermal Projects
Positive
Sep 2, 2026
Orogen Royalties has acquired the Toro de Oro and El Gigante gold projects in southwest Utah, expanding its portfolio of low-sulphidation epithermal targets in underexplored caldera complexes. Both properties, generated in partnership with Triple ...
Business Operations and StrategyFinancial Disclosures
Orogen Royalties Delivers Strong Q2 on Higher Gold Royalties and Cost Cuts
Positive
Aug 25, 2026
Orogen Royalties reported a sharp improvement in second-quarter 2026 results, with net income from operations rising to $3.7 million and net comprehensive income hitting $2.4 million, or $0.04 per share, versus a loss a year earlier. Royalty reven...
Business Operations and Strategy
Orogen Royalties Secures Uncapped NSR on High-Grade Yukon Silver Project
Positive
Aug 20, 2026
Orogen Royalties has acquired a 2% net smelter return royalty on Silver North Resources’ Haldane silver project in Yukon, expanding its exposure to one of the world’s highest-grade silver districts. The uncapped royalty, with no buy-do...
Business Operations and Strategy
Orogen Royalties and Aurum Discovery Launch Gold Exploration Alliance in Norway
Positive
Aug 17, 2026
Orogen Royalties has formed a two-year generative exploration alliance with Ireland-based Aurum Discovery to identify and advance gold and silver targets in Norway, backed by a €500,000 budget funded by Orogen. The partnership expands Orogen...
Executive/Board ChangesShareholder Meetings
Orogen Royalties Shareholders Back All AGM Resolutions as Veteran Director Retires
Positive
Aug 14, 2026
Shareholders of Orogen Royalties approved all matters put forward at the company’s 2026 annual general meeting, with 18,758,519 shares voted by proxy, representing 31.60% of the company’s outstanding stock. Resolutions confirming the b...
Business Operations and StrategyM&A Transactions
Orogen Royalties Acquires Arizona Two Peaks Project to Expand Prospect Portfolio
Positive
Aug 5, 2026
Orogen Royalties has acquired the Two Peaks CRD and skarn project in southeastern Arizona, an early-stage, road-accessible property in the Laramide porphyry copper belt hosting lead-zinc-silver-manganese replacement and copper skarn targets. The p...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.