Top Gold Stock OR Royalties Hits 80-Plus RS Rating | Investor's Business Daily BREAKING: Futures Fall After Stocks Pare Gains Gold stock OR Royalties (OR) rose to a record high 48.06 on Feb. 27 as the amazing run for the price of gold continued. The price of gold slid this month, taking a bite out of top-rated OR Gold with it. Monday No. 1 rated OR Royalties rose 4.5%. And it edged out a small gain on Tuesday. Additionally, on Tuesday OR stock got a Relative Strength (RS) Ratingupgrade to 83, up from 80 on ...

MONTRÉAL, March 23, 2026 (GLOBE NEWSWIRE) -- OR Royalties Inc. (“OR Royalties” or the “Company”) (OR: TSX & NYSE) is pleased to announce the appointment of Mr. Patrick Godin as an Independent Director to its Board of Directors (the “Board”). Mr. Godin has over 35 years of corporate, technical, and operations experience in the mining industry. Most recently, he served as President and CEO of New Gold Inc. (“New Gold”), where he held the leadership role from November 2022 up until New Gold’s US$7.0 billion ac ...

Core Points - L'Oréal will hold its Annual General Meeting on April 24, 2026, at 10 a.m. Paris time at Palais des Congrès de Paris [2][3] - The meeting notice was published on March 18, 2026, and includes the agenda, draft resolutions, and participation terms [3] - The 2025 Universal Registration Document has been filed with the French Financial Markets Authority and is available on the company's website [7] Company Information - L'Oréal generated sales of 44.05 billion euros in 2025, with a workforce of over 95,000 employees and a balanced geographical footprint [8] - The company has 22 research centers and a dedicated team of over 4,000 scientists, focusing on innovation in beauty and technology [8] - L'Oréal was named the most innovative company in Europe by Fortune magazine in 2025, ranking among 300 companies across 21 countries [9] Dividend Information - The proposed dividend for approval at the General Meeting is 7.20 euros per share, reflecting a 2.9% increase from the previous year [6] - The dividend will be paid on May 4, 2026, with an ex-dividend date of April 29, 2026 [6] Shareholder Engagement - Shareholders can submit questions starting April 21, 2026, which will be addressed during the General Meeting [5][12] - The General Meeting will be broadcast live and available for replay on the company's website [5]

Company Overview - L'Oréal is the world's leading beauty player with over 115 years of experience, focusing on fulfilling global beauty aspirations [2] - The company operates with a broad portfolio of 40 international brands and emphasizes sustainability through its L'Oréal for the Future program [2] Financial Performance - In 2025, L'Oréal generated sales of 44.05 billion euros, showcasing a strong financial position [3] - The company has a significant workforce of more than 95,000 employees and a balanced geographical footprint across various distribution networks [3] Innovation and Recognition - L'Oréal was named the most innovative company in Europe by Fortune magazine in 2025, ranking among 300 companies across 21 countries and 16 industries [4] - The company invests heavily in research and innovation, with 22 research centers and a dedicated team of over 4,000 scientists [3]

Acquisition Details - OR Royalties Inc. has entered into a definitive agreement to acquire Terraco Gold for a total cash consideration of $168 million, with the transaction expected to close in the first half of 2026 [1] - Upon completion, OR Royalties will hold a combined 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area [1] - The acquisition is expected to add gold equivalent ounces beyond the company's recently released 2030 five-year outlook range of 120,000 to 135,000 GEOs [1] Project Readiness - The Spring Valley project is construction-ready, with Solidus expecting first gold production in the first half of 2028 [1] Analyst Rating - TD Securities analyst Derick Ma has lowered the price target on OR Royalties Inc. to C$64 from C$67 and maintained a Hold rating on the shares [2]

Investment Rating - The report maintains an "Overweight" rating for the consumer discretionary and commercial trade sectors [7] Core Insights - The performance of leading overseas beauty and luxury brands in China has shown a continued recovery since Q3 2025, with significant revenue growth reported in Q4 2025 [1][2] - The overall sentiment indicates a strong recovery in high-end consumer spending in mainland China, driven by improved consumer confidence in luxury and medical beauty products [1][2] Summary by Sections Industry Overview - Leading brands such as Estée Lauder and L'Oréal have reported increased revenue contributions from the China market, with Estée Lauder's revenue share rising from 15% in Q3 2025 to 22% in Q4 2025 [1] - L'Oréal noted a recovery in revenue growth rates in mainland China, moving from low single digits in H1 2025 to mid-single digits in H2 2025 [2] Regional Performance - Revenue growth in the China region has accelerated, with Estée Lauder's growth rate increasing from 9% in Q3 2025 to 13% in Q4 2025 [2] - The Asia-Pacific region has shown a consistent improvement in revenue trends, with LVMH's revenue growth in the region gradually recovering from -11% to +1% over the four quarters of 2025 [2] Channel Insights - Travel retail has shown signs of recovery, with airport traffic in North Asia returning to pre-pandemic levels [3] - E-commerce channels have performed steadily, with Shiseido reporting mid-single-digit growth in Q4 2025 [3] - High-end brands have seen improved performance in offline channels, with Estée Lauder reporting an increase in market share in the Chinese market [3] Category Performance - High-end skincare and makeup categories have performed exceptionally well, with Shiseido's key brands showing strong revenue growth in Q4 2025 [4] - Medical aesthetics have also seen robust growth, with significant year-over-year increases reported in various product categories [4] Future Outlook - Some leading brands have adjusted their performance guidance positively, with Estée Lauder raising its FY26 revenue growth forecast to 3%-5% [5] - Procter & Gamble has maintained its FY26 guidance, anticipating stronger growth in the second half of FY26 [5]

Core Viewpoint - OR Royalties (OR) has experienced an 8.5% decline over the past week, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a nearing bottom with likely subsiding selling pressure, suggesting a bullish case for the stock [2][5]. - A hammer pattern forms when there is a small candle body with a long lower wick, indicating that buying interest has emerged after a new low during a downtrend [4][5]. - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may have lost control, indicating a potential trend reversal [5]. Fundamental Analysis - There has been a recent upward trend in earnings estimate revisions for OR, which is considered a bullish indicator [7]. - Over the last 30 days, the consensus EPS estimate for the current year has increased by 9.2%, indicating that analysts expect better earnings than previously predicted [8]. - OR currently holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10].

Core Viewpoint - OR Royalties Inc. has entered into a definitive agreement to acquire Terraco Gold Corp. for a total cash consideration of $168 million, which includes net smelter return (NSR) royalty assets primarily covering Solidus Resources LLC's Spring Valley Gold Project in Nevada, USA [1][2]. Transaction Highlights - The acquisition includes a 3.0% NSR royalty on the Schmidt Claim Block, a 1.0% NSR royalty on additional areas, a 0.5% NSR royalty on the perimeter area, and a 2.0% NSR royalty on the adjacent Moonlight Property [4][6]. - The NSR Royalties are located in Nevada, ranked 4th globally as a mining jurisdiction, enhancing OR Royalties' portfolio in a Tier-1 mining area [4][6]. - Following the acquisition, OR Royalties will have a combined 6.0% NSR royalty on the Schmidt Claims, a 4.0% NSR royalty on Additional Royalty Areas, and a 1.0% NSR royalty on the Perimeter Royalty Area [4][6]. - The transaction is expected to add gold equivalent ounces (GEOs) beyond the previously released 2030 outlook of 120,000-135,000 GEOs, with first gold production anticipated in the first half of 2028 [4][6]. Project Details - The Spring Valley Project has a mineral reserve of 3.88 million ounces of gold, with a life-of-mine production averaging over 300,000 ounces per year and all-in sustaining costs of approximately $1,103 per ounce [13]. - Solidus Resources has completed extensive technical work and holds all major federal permits, marking the project as ready for construction [6][13]. - The project is expected to be a large-scale, low-cost, heap-leach gold mine, with first production projected for 2028 [6][7]. Strategic Importance - The acquisition is viewed as a high-conviction move to consolidate royalty interests in a fully permitted, multi-million-ounce gold project, enhancing OR Royalties' growth profile [7][10]. - The focus on gold assets aligns with OR Royalties' strategy of acquiring top-tier assets in premier mining jurisdictions [7][10].

Financial Data and Key Metrics Changes - OR Royalties achieved record annual revenues of $277.4 million, record operating cash flow of $246 million, and record earnings of $1.10 per share for the year 2025, driven by elevated precious metals prices [3][4] - The company ended 2025 with $142.1 million in cash and was completely debt-free, having paid off its credit facility in Q3 [4][33] - The company declared a quarterly dividend of $0.055, marking its 45th consecutive dividend, with over $279 million returned to shareholders to date [4][5] Business Line Data and Key Metrics Changes - OR Royalties earned 80,775 gold equivalent ounces (GEOs) in 2025, with 95% of GEOs coming from precious metals, including 65% from gold and 31% from silver [3][9] - The company had 22 producing assets at the end of 2025, with a significant portion of contributions from Tier One mining jurisdictions [9][12] Market Data and Key Metrics Changes - The company expects GEOs earned in 2026 to range between 80,000 and 90,000, with an average cash margin of approximately 97% [24][25] - The 2026 guidance reflects a consensus commodity price ratio of 73-to-1 for gold to silver, with current spot ratios around 64-to-1 [26] Company Strategy and Development Direction - The company emphasized a disciplined approach to capital allocation, prioritizing value over volume in acquisitions, with only $25 million spent on royalty and stream acquisitions in 2025 [6][7] - OR Royalties is targeting assets that contribute to a projected 50% growth trajectory through to 2030, focusing on accretive value creation [34][29] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate the current operating environment, highlighting the strategic advantage of being debt-free and having a strong cash position [4][33] - The company anticipates significant growth in GEOs from various assets, including Canadian Malartic, Island Gold, Dalgaranga, San Gabriel, and Namdini, particularly in 2027 [25][26] Other Important Information - The company recently acquired a 1.5% NSR royalty at Buenaventura's San Gabriel Mine, which is expected to ramp up production and contribute meaningfully to GEOs from 2028 onwards [12][14] - The acquisition of the Gold Fields royalty portfolio is expected to strengthen the company's long-term pipeline and provide immediate cash flow [34] Q&A Session Summary Question: Guidance for year-over-year performance - Management explained that the methodology for 2026 guidance is consistent with previous years, using a consensus pricing ratio of 73-to-1 for gold to silver, with potential upside if silver prices stabilize [40][41] Question: Mine ramp-ups and production profile - Management indicated no significant new ramp-ups beyond disclosed assets, with Mantos Blancos being the largest contributor to silver deliveries [42][43] Question: Opportunities for further acquisitions - Management confirmed ongoing exploration of acquisition opportunities, including familiar assets and new portfolios, while maintaining a focus on geography [44][45] Question: Expected GEOs from specific assets in 2030 - Management stated that the 2030 guidance includes minimum payments from Cascabel, with potential additional GEOs from various assets [54] Question: Mantos performance expectations - Management confirmed that expectations for Mantos are effectively flat compared to 2025 and 2026 [58]

Financial Data and Key Metrics Changes - OR Royalties achieved record annual revenues of $277.4 million in 2025, with record operating cash flow of $246 million and earnings of $1.10 per share, reflecting a cash margin of nearly 97% [4][5][8] - The company ended 2025 with $142.1 million in cash and was completely debt-free after paying off its credit facility [5][33] - The company declared a quarterly dividend of $0.055, marking its 45th consecutive dividend, with over $279 million returned to shareholders to date [5][6] Business Line Data and Key Metrics Changes - In 2025, OR Royalties earned 80,775 gold equivalent ounces (GEOs), with 95% of these coming from precious metals, primarily gold (65%) and silver (31%) [4][9] - The company had 22 producing assets at the end of 2025, with a significant portion of royalties coming from Tier One mining jurisdictions, including Canada, the U.S., and Australia [9][10] Market Data and Key Metrics Changes - The company noted that 2025 was characterized by elevated precious metals prices, which significantly influenced revenue and earnings [4][8] - The breakdown of GEOs earned indicated a strong reliance on precious metals, with expectations for continued stability in production from key assets like Mantos Blancos and Canadian Malartic [9][10][19] Company Strategy and Development Direction - OR Royalties emphasized a disciplined approach to capital allocation, completing only $25 million in royalty and stream acquisitions in 2025, while prioritizing value over volume [7][34] - The company plans to continue focusing on accretive value creation and will not pursue growth for its own sake [34] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting a strong cash position and the potential for growth through new acquisitions and existing asset ramp-ups [6][34] - The company expects marginal growth in GEOs for 2026, with significant increases anticipated in 2027 due to contributions from several key assets [25][26] Other Important Information - The company recently acquired a 1.5% NSR royalty at Buenaventura's San Gabriel Mine, which is expected to contribute significantly to GEOs from 2028 onwards [12][15] - The acquisition of the Gold Fields royalty portfolio is seen as a strategic move to enhance cash flow and long-term growth potential [14][34] Q&A Session Summary Question: Guidance for year-over-year performance - Management explained that the methodology for 2026 guidance is consistent with previous years, using a consensus price deck of 73-to-1 for gold to silver ratios, with potential upside if silver prices remain stable [39][40] Question: Mine ramp-ups and production profile - Management indicated that there are no significant new ramp-ups beyond what has been disclosed, with Mantos Blancos being a key contributor to silver deliveries [41][42] Question: M&A opportunities and asset acquisitions - Management confirmed that there are significant opportunities for acquiring familiar assets and new portfolios, with a focus on maintaining a strong geographical presence in Canada, the U.S., and Australia [43][44] Question: Expected GEOs from specific assets in 2030 - Management stated that the 2030 guidance includes minimum payments from Cascabel and anticipates an aggregate upside of 20,000-30,000 GEOs from various assets [51][52] Question: Mantos production expectations - Management confirmed that expectations for Mantos are effectively flat compared to 2025 and 2026 [55][57]