Solid growth, Improved margins Acceleration Confirmed Sales: 44.05 billion euros, +4.0% like-for-like1 and +1.3% reported.Another year of outperformance in an improving beauty market.Growth1 in all Divisions, led by Professional Products.Growth1 in all regions witha broad-based acceleration in the second half.E-commerce2 growing double digits passing the 30% mark.Gross margin up +10 basis points at 74.3%.Operating margin up +20 basis points at 20.2%.Earnings per share3 12.71 euros, up +0.4%.Dividend per s ...

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: OR Royalties - OR Royalties currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, OR shares increased by 1.5%, while the Zacks Mining - Miscellaneous industry declined by 1.38% [5] - In the last month, OR's price change was 3.7%, outperforming the industry's 2.65% [5] - Over the past quarter, OR shares rose by 23.55%, and over the last year, they gained 102.07%, compared to the S&P 500's increases of 3.37% and 15.17%, respectively [6] Trading Volume - OR's average 20-day trading volume is 1,718,331 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for OR increased while one decreased, raising the consensus estimate from $0.83 to $0.86 [9] - For the next fiscal year, two estimates have moved upwards with no downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, OR Royalties is positioned as a strong buy candidate for investors seeking short-term opportunities [11]

Core Viewpoint - Gold stock OR Royalties (OR) is showing signs of recovery after a significant decline, making it a stock to watch in the current market environment [1] Group 1: Stock Performance - OR Royalties rebounded nearly 5% in midday trading on Monday, indicating a positive trend after previously plunging from a high [1] - The stock has reclaimed its 21-day exponential moving average, which is a bullish signal for investors [1] - The stock also bounced off its 10-week moving average last week, further confirming its recovery [1] Group 2: Market Context - The overall stock market is experiencing mixed performance, with the Dow Jones index showing gains due to unexpected GDP data [1] - Other notable stocks such as Nvidia and Tesla have also rallied, contributing to a positive market sentiment [1] - Gold stocks are gaining attention in the IBD Growth list, with OR Royalties joining an elite group of stocks with relative strength ratings over 90 [1]

Company Overview - L'Oréal is the world's leading beauty player with a history of 115 years, focusing on fulfilling global beauty aspirations and committed to social and environmental sustainability [2] - The company has a diverse portfolio of 37 international brands and aims to provide quality, efficacy, safety, sincerity, and responsibility in its products [2] Financial Performance - In 2024, L'Oréal generated sales of 43.48 billion euros, showcasing its strong market presence and balanced geographical footprint [3] - The company employs over 90,000 individuals and operates across various distribution networks, including e-commerce, mass market, and travel retail [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 has 21 research centers in 13 countries and a dedicated team of over 4,000 scientists and 8,000 digital talents focused on advancing beauty technology [3]

Core Insights - OR Royalties Inc. has appointed Mr. Kevin Thomson as an Independent Director to its Board of Directors, while Mr. William Murray John has resigned from the Board effective immediately [1] Group 1: Appointment of New Director - Mr. Kevin Thomson brings over 40 years of senior strategic mergers and acquisitions experience in the mining industry, previously serving as Senior Executive Vice President at Barrick Gold Corporation [2] - Thomson has a distinguished background as a mergers and acquisitions lawyer and has been a key strategic advisor to Barrick's management team since 1995 [2] - The Company anticipates that Thomson's expertise in managing complex legal negotiations and corporate strategy will be invaluable as it continues to execute its global growth strategy [4] Group 2: Resignation of Board Member - Mr. William Murray John served as an independent board member since February 2020 and was involved in the Governance, Nomination and Sustainability Committee [3] - The Company expressed gratitude for John's contributions during his tenure and acknowledged his technical expertise and investment portfolio management skills [4] Group 3: Company Overview - OR Royalties is a precious metals royalty and streaming company focused on Tier-1 mining jurisdictions, including Canada, the United States, and Australia [5] - Since its inception in June 2014, the Company has grown its portfolio to over 195 royalties, streams, and similar interests, anchored by a 3-5% net smelter return royalty on Agnico Eagle Mines Limited's Canadian Malartic Complex [5]

Core Viewpoint - OR Royalties Inc. has acquired an additional 1.0% net smelter return royalty on the Namdini Gold Mine in Ghana, demonstrating confidence in the asset and the company's ability to secure valuable royalty transactions [1][2]. Transaction Highlights - The acquisition includes a total consideration of up to $103.5 million for Savannah Mining Limited's remaining 50% interest in the 2.0% NSR royalty [1]. - The payment structure consists of an initial payment of $28.5 million, with an additional $70.0 million contingent on certain milestones, and the remaining $5.0 million payable in two equal installments on the first and second anniversaries of the closing date [4]. - The first payment under the full 2.0% NSR royalty rate is expected in Q1 2026, reflecting the mine's gold production during Q4 2025 [4]. Namdini Gold Mine Overview - Gold production at Namdini commenced in the first half of 2025, with a ramp-up towards peak production of approximately 360,000 ounces per year over the first three years [4]. - The mine is expected to average 287,000 ounces of gold per year over an initial 15-year life of mine [4][6]. - The mine is operated by Shandong Gold Co Ltd. through its subsidiary Cardinal Namdini Mining Limited, which has a strong operational history and a market capitalization of approximately HK$297.3 billion ($38.1 billion) [4][5]. Strategic Importance - Ghana is recognized as a top gold mining jurisdiction, ranking 6th globally and 1st in Africa for gold production in 2024 [2]. - The acquisition reflects OR Royalties' strategy to enhance its portfolio of producing royalties and leverage its network of industry partners [2].

Core Viewpoint - Precious metals like gold and silver are expected to continue outperforming due to rising geopolitical tensions, making the metals and miners sector an attractive investment opportunity [1]. Group 1: Precious Metals Miners Overview - Six large-cap precious metals miners have been identified as potential investment opportunities, each with a net profit margin of at least 15% and a Benzinga Edge Quality Score of at least 90 [2]. Group 2: Hecla Mining Co. - Hecla Mining (NYSE:HL) has a Benzinga Edge Quality Score of 97.64, a market cap of nearly $17 billion, and generates over $1.2 billion in annual sales with a net profit margin of 16.2% [3]. - The stock is trading above its 50-day and 200-day simple moving averages (SMAs), indicating a bullish trend supported by the Moving Average Convergence Divergence (MACD) indicator [5]. Group 3: DRDGold Ltd. - DRDGold (NYSE:DRD) has a Benzinga Edge Quality Score of 98.47 and a market cap of $3 billion, utilizing surface-tailing retreatment strategies for gold recovery, resulting in a high net profit margin of 28.5% [6][7]. - The stock has experienced a 280% gain over the last 12 months and recently made a new all-time high, supported by bullish MACD signals [9]. Group 4: Kinross Gold Corp. - Kinross Gold (NYSE:KGC) has a Benzinga Edge Quality Score of 97.49, a market cap of $40 billion, and reported annual sales exceeding $5 billion, with a net profit margin of 27.3% [10]. - The stock has rallied over 200% in the last year, supported by a strong balance sheet, although caution is advised as the MACD indicators suggest a potential short-term pullback [12]. Group 5: OR Royalties Inc. - OR Royalties (NYSE:OR) has a Benzinga Edge Quality Score of 94.14, a market cap of $7.68 billion, and net margins exceeding 60% [13]. - The stock has gained over 15% in 2026 and is positioned for potential new all-time highs, supported by bullish MACD indicators [15]. Group 6: Southern Copper Corp. - Southern Copper Corp. (NYSE:SCCO) has a Benzinga Edge Quality Score of 92.36, a market cap of $150 billion, and generated over $12 billion in revenue last year with a net margin of 31% [16]. - The stock has increased by 27% in January 2026, with bullish MACD confirmations indicating strong momentum [18]. Group 7: SSR Mining Inc. - SSR Mining (NASDAQ:SSRM) has a Benzinga Edge Quality Score of 92.96 and a market cap of $4.8 billion, with a net profit margin of 15% [19]. - The stock appears undervalued compared to peers, trading at 23 times earnings and 1.2 times book value, and is poised to resume its rally from 2025 [21].

Core Viewpoint - OR Royalties is a leading company in the gold-focused royalty and streaming sector, generating stable recurring revenues through its diversified portfolio of precious metals interests [6] Company Overview - As of January 15, OR Royalties' share price was $40.84, reflecting a 119.5% increase over the past year, significantly outperforming the S&P's 17% gain during the same period [3] - The company's market capitalization stands at $7.75 billion, with a trailing twelve months (TTM) revenue of $243.65 million and a net income of $147.95 million [4] Recent Transaction - On January 16, Louisbourg Investments sold 73,600 shares of OR Royalties, valued at approximately $2.58 million based on quarterly average pricing, resulting in a quarter-end position value shift of $3.96 million [2] - Following the sale, Louisbourg retains 219,271 shares of OR Royalties, which constitutes 1.55% of its reported assets under management (AUM) [3] Performance Metrics - OR Royalties delivered 80,775 gold-equivalent ounces in 2025, achieving the top end of its guidance and posting record annual revenue of $277.4 million [10] - The company's cash margin was approximately 97%, highlighting the efficiency of its royalty model in a strong commodity environment [10] Investment Implications - The recent sale by Louisbourg is interpreted as a risk management strategy rather than a loss of confidence, as the fund continues to hold a significant position in OR Royalties [11] - The strong performance of OR Royalties justifies selective profit-taking while maintaining a positive outlook on the company's fundamentals and capital returns [11]

Company Overview - L'Oréal is the world's leading beauty player with a history of 115 years, focusing on fulfilling global beauty aspirations and committed to social and environmental sustainability [2] - The company operates a broad portfolio of 37 international brands and emphasizes quality, efficacy, safety, sincerity, and responsibility in its offerings [2] Financial Performance - In 2024, L'Oréal generated sales of 43.48 billion euros, showcasing a strong financial performance across various distribution networks including ecommerce, mass market, and retail [3] Innovation and Recognition - In 2025, L'Oréal was named the most innovative company in Europe by Fortune magazine, ranking among 300 companies across 21 countries and 16 industries [4] - The company has a dedicated Research and Innovation team consisting of over 4,000 scientists and 8,000 digital talents, with 21 research centers in 13 countries, focusing on the future of beauty and becoming a Beauty Tech powerhouse [3]

Company Overview - L'Oréal is the world's leading beauty player with a history of 115 years, focusing on fulfilling global beauty aspirations and committed to social and environmental sustainability [2] - The company has a diverse portfolio of 37 international brands and aims to provide quality, efficacy, safety, sincerity, and responsibility in its products [2] Financial Performance - In 2024, L'Oréal generated sales of 43.48 billion euros, showcasing a strong financial performance across various distribution networks including ecommerce, mass market, and retail [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]