11 Best Mining Stocks to Buy According to Wall Street

5. OR Royalties Inc. (NYSE:OR)

Potential upside: 19.87%

Number of Hedge Fund Holders: 18

On February 4, 2026, CIBC analyst Cosmos Chiu raised the firm’s price target on OR Royalties Inc. (NYSE:OR) to C$88 from C$86 and maintained an Outperformer rating. The update was part of broader target increases across the precious metals group after CIBC raised its gold price forecasts to $6,000 per ounce in 2026 and $6,500 in 2027, while also lifting copper assumptions. The analyst said the same demand drivers seen in 2025 are expected to carry into 2026, though geopolitical uncertainty remains elevated.

Other analysts adjusted their views earlier in the year. On January 26, 2026, Scotiabank raised its price target on OR Royalties Inc. (NYSE:OR) to $51 from $41 and kept a Sector Perform rating. The firm said it was updating price targets across its Gold and Precious Minerals coverage after increasing both gold and silver forecasts, citing economic and geopolitical uncertainty along with continued strong central bank buying.

OR Royalties Inc. (NYSE:OR) acquires and manages precious metal and other royalties and streams across assets in Canada and international markets. The company also holds options on offtake agreements, royalty and stream financings, and exclusive rights to participate in future royalty and stream transactions, with its primary asset being a 3 to 5 percent net smelter return royalty on the Canadian Malartic complex in Canada.