Osisko Gold Ro

NYSE: OR · BASIC MATERIALS · GOLD

$39.80

-6.20% today

Updated 2026-06-05

Market cap

$6.34B

P/E ratio

25.25

P/S ratio

19.50x

EPS (TTM)

$1.34

Dividend yield

0.67%

52W range

$25 – $48

Volume

0.9M

Market cap

$6.34B

P/E ratio

25.25

P/S ratio

19.50x

EPS (TTM)

$1.34

Dividend yield

0.67%

52W range

$25 – $48

Volume

0.9M

Osisko Gold Ro (OR) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Research-backed OR price target 2030 projection accounting for share dilution, balance sheet debt, and time value of money.

Current price

$39.80

Today

Analyst consensus

$46.50

+16.83% · 12M

2030 Base

$42.46

+6.68% future

NPV today

$25.39

@ 12% WACC

10 analysts:

6 Buy4 Hold0 Sell

Management guidance

OR Royalties provided 2026 GEO delivery guidance and a new 5-year outlook in Feb 2026, projecting significant growth driven by organic production increases from existing royalty assets (Island Gold mine plan optimization, Dalgaranga ramp-up, Bralorne restart, Eagle development, and Canadian Copper Murray Brook/Caribou stream coming online by 2029). Management emphasized debt-free balance sheet, 18% dividend increase (Q2 2026), and strategic M&A capability ($150M revolving credit facility). Specific 2026-2028 revenue numbers were not disclosed in public guidance, but the company signaled multi-year double-digit percentage growth trajectory with 49+ royalty assets and streams coming into production.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

OR · Osisko Gold Ro · Revenue & price projection · 2023–2030E

Actual / 2030 target Projected revenue Base case price Bull to bear range

Bear case (2030)

$21.24

NPV today: $12.70

Base case (2030)

$42.46

NPV today: $25.39

Bull case (2030)

$89.16

NPV today: $53.32

WallStSmart.com

OR financial forecast · Research-backed projections

Metric	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E) ★
Revenue	$0.3B	$0.4B	$0.5B	$0.6B	$0.7B	$0.8B
Revenue growth	47.5%	110.6%	39.1%	27.8%	20.6%	16.0%
Net margin	—	88.2%	103.7%	110.9%	113.5%	112.1%
EPS	$0.88	$1.88	$2.65	$3.42	$4.10	$4.76
Diluted shares	—	188M	188M	188M	188M	188M
Net debt	—	$-157.97M	$-128.40M	$-92.67M	$-50.77M	$-1.48M
P/S multiple	—	10.0x	10.0x	10.0x	10.0x	10.0x
Implied price (base)	—	$22.15	$26.23	$31.33	$36.39	$42.46

★ 2030E is the model's terminal target year. Implied price = (Revenue × P/S − Net debt) ÷ Diluted shares.

Scenario detail · Three drivers, three outcomes

2030E driver	Bear	Base	Bull
Revenue	$0.8B	$0.8B	$0.8B
P/S multiple	5.0x	10.0x	21.0x
Diluted shares	188M	188M	188M
Net debt	$-1.48M	$-1.48M	$-1.48M
Implied P/E ^†	5x	9x	19x
2030 Price	$21.24	$42.46	$89.16
NPV @ 12%	$12.70	$25.39	$53.32

† Implied P/E: Multiples remain elevated across all three scenarios because OR is valued primarily on revenue scale during its growth phase, not near-term earnings power. Lower P/E in the bear case reflects multiple compression, but the absolute level stays high since 2030E still represents a hypergrowth-to-mature transition year.

EV to per-share bridge · How we get to $42.46 base case

OR catalysts and risks

Growth catalysts

+ Island Gold mine plan optimization driving incremental GEO deliveries in 2026-2027

+ Dalgaranga ramp-up and production commencement in 2026, ramping through 2027-2028

+ Canadian Copper Murray Brook/Caribou precious metals stream commencing production by 2029

+ Bralorne gold mine restart and Eagle project development advancement

+ Gold price strength above $2,000/oz supporting higher realized revenues

+ Strategic M&A execution with $150M+ available capital for accretive royalty acquisitions

+ Quarterly dividend increases (18% raise in Q2 2026 signaling earnings momentum)

Key risks

- Delay or underperformance of major producing assets (Island Gold, Dalgaranga, partner mines)

- Gold price volatility below $1,800/oz reducing royalty cash flows and revenues

- Permitting/development delays at Canadian Copper and other streaming counterparties

- Geopolitical/regulatory risk in mining jurisdictions (Ghana, Mexico, West Africa exposure)

- Acquisition integration risk if M&A accelerates; execution risk on small/mid-tier deals

- Operator performance at partner mines; operational upsets reduce GEO deliveries

Methodology · Osisko Gold Ro 2030 stock forecast model

Osisko Gold Ro 2030 price target is calculated using WallStSmart's research model. Revenue projections are derived from analyst consensus across 10 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts. The model is built on five core components:

1. Share dilution	Projected from per-ticker schedule of SBC + equity raise activity, compounding year by year (1% cumulative for OR by 2030)
2. Net debt	EV minus net debt yields equity value; debt projected from capex cycle trajectory ($-1.48M by 2030)
3. Time value	NPV calculated using 12% WACC (CAPM: beta 1.33)
4. Multiple framework	P/S compresses with scale: bear 5.0x / base 10.0x / bull 21.0x
5. Scenario design	Bull/Base/Bear vary revenue, margin, shares, debt, and multiple independently

WallStSmart research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 21, 2026.

OR price target FAQ

What is the OR price target for 2030?

WallStSmart's Osisko Gold Ro 2030 base case is $42.46 per share, with a bull case of $89.16 and bear case of $21.24. The NPV of the base case discounted to today at 12% WACC is $25.39.

How is the Osisko Gold Ro 2030 stock forecast calculated?

The OR 2030 projection multiplies projected revenue by a growth-adjusted P/S multiple to derive enterprise value, subtracts projected net debt to get equity value, then divides by diluted shares outstanding accounting for dilution from stock-based compensation and equity raises.

Why does the OR price target account for dilution?

Osisko Gold Ro is projected to grow diluted share count from 187M to 188M by 2030 (a 1% increase) through stock-based compensation and capital raises. Ignoring this would inflate the price target by approximately 1%.

What is the analyst consensus on OR stock?

10 analysts cover OR with an average 12-month price target of $46.50. The 2030 projection extends this framework with longer-horizon assumptions including dilution and time value of money.