OR Royalties Inc. acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada. In addition, …
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Competitive advantage assessment
Key strengths
Margins Consistently Above PeersGross margin at 83.8% (top 5%) and operating margin at 70.9% (top 2%) indicate strong pricing power.
Strong Interest Coverage & Conservative LeverageDebt serviceability is strong (score 0.79), with robust interest coverage.
The dashed ring is the peer median. Defense scores are percentile ranks
against peers, so 50 is roughly the typical company in this group.
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Osisko Gold Royalties Ltd ranks #4 of 49
scored companies in Gold by moat score — the top 8%.
The widest moat in the group is Agnico Eagle Mines Limited (AEM)
at 78/100.
Pricing power is the ability to raise prices without losing volume.
Cost Advantage
Score 65
· 15% of the moat score
A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.
Customer Stickiness
Score 88
· 15% of the moat score
Stickiness is what makes revenue repeat without being re-won every year.
Capital Efficiency
Score 63
· 18% of the moat score
Capital efficiency asks what the company earns on the money tied up in the business.
Resilience
Score 81
· 17% of the moat score
Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.
Scale & Market Position
Score 72
· 15% of the moat score
Scale matters only when it converts into economics.
Osisko Gold Royalties Ltd (OR) scores 75 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as strong. It ranks #4 of 49 scored companies in Gold, the top 8%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 48 companies in Gold. Its strongest defense is Customer Stickiness (88/100) and its weakest is Capital Efficiency (63/100).
How does Osisko Gold Royalties Ltd compare with other Gold companies?
Osisko Gold Royalties Ltd ranks #4 of 49 scored companies in Gold by moat score. The widest moat in Gold is Agnico Eagle Mines Limited (AEM) at 78/100. The companies ranked closest are DRDGOLD Limited (DRD) at 75 just above it and Gold Fields Limited (GFI) at 72 just below it.
How is the moat score calculated?
Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 48 companies in Gold. The defenses are then weighted to produce the overall score out of 100.
Why is Osisko Gold Royalties Ltd scored with the Corporate Default template?
Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.
Which competitive defenses are measured for Osisko Gold Royalties Ltd?
The Corporate Default template measures 6 defenses, and OR scores: Pricing Power (83), Cost Advantage (65), Customer Stickiness (88), Capital Efficiency (63), Resilience (81), Scale & Market Position (72). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.
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