Results for: Royalty Companies

The second quarter saw mixed results for resource companies, with higher revenues and cash flows for most, but some companies struggled with costs and unexpected issues. Wheaton Precious Metals Corp. (WPM) stood out with a strong quarter, driven by production growth and a busy pipeline for new deals. Royal Gold Inc. (RGLD) also performed well, meeting guidance and acquiring new royalties. Osisko Gold Royalties Ltd. (OR) lowered its full-year guidance due to a mine suspension, while Altius Minerals Corp. (ATUSF) reported financials in line with expectations. Pan American Silver Corp. (PAAS) experienced production challenges, and Fortuna Silver Mines Inc. (FSM) saw lower-than-expected revenue, but both remain positive for the future.

PrairieSky Royalty is a well-managed oil and gas royalty company with a clean balance sheet. However, the stock is currently trading at a premium valuation, making it less attractive compared to other options in the sector. While the company may benefit from higher oil prices and a potential increase in natural gas prices, it is still considered fully valued, even with these expectations. As such, investors may want to consider other royalty companies that offer better value.