4. Osisko Gold Royalties Ltd (NYSE:OR)
Average Upside Potential: 26%
Number of Hedge Fund Holders: 17
Through a diversified portfolio of royalties and streaming agreements, Osisko Gold Royalties Ltd (NYSE:OR) continues to strengthen its position in the precious metals sector. Silver plays a significant role in parallel with its core gold operations, as the company directs attention to securing cash flow from long-life assets.
In 2024, with core assets such as Gibraltar and Mantos Blancos scaling up production, silver contributed to 27% of Osisko’s total GEOs. By amplifying its attributable silver percentage to 100% through a revised streaming agreement, the company has enhanced its silver exposure at the Gibraltar copper mine.
A crucial asset in Osisko Gold Royalties Ltd (NYSE:OR)’s silver portfolio that continues to play a major role is Mantos Blancos. In early 2024, the mine had experienced operational hurdles. Since then, it has steadied at its Phase 1 throughput capacity of 20,000 tons per day. As per the company’s guidance of a back-half weighted output year, higher silver grades are expected only in the second half of 2025. By year-end, a feasibility analysis of the Phase 2 expansion is expected, which may further increase silver production.
By capitalizing on robust performance at the Canadian Malartic Mine and rising silver contributions, in 2024 Osisko Gold Royalties Ltd (NYSE:OR) achieved a historical annual revenue of $191.2 million. By declaring its 41st consecutive quarterly dividend of $0.065 per share (payable on April 15, 2025), the company upholds its obligations to shareholder returns and a high cash margin of 96%.
In 2025, as silver plays a pivotal role in the company’s long-term growth, it is estimated to supply 80,000 to 88,000 GEOs. Its continued success in remaining well-positioned in the precious metals sector makes it a great pick for junior silver stocks to invest in.
