TSX:ORMetals and Mining
The Bull Case For OR Royalties (TSX:OR) Could Change Following Renewed 5% Share Buyback Plan
Earlier this week, OR Royalties Inc. renewed its normal course issuer bid, receiving Toronto Stock Exchange approval to repurchase and cancel up to 9,399,294 shares, or 5% of its outstanding float, through December 11, 2026.
The board’s decision signals confidence in the company’s capital position and prioritizes returning capital by shrinking the share base for remaining investors.
We’ll now look at how this renewed share buyback, and the planned 5% reduction in share count, shapes OR...