5 Best Gold Royalty and Small-Cap Gold Stocks To Buy

In this article, we discuss 5 best gold royalty and small-cap gold stocks to buy. If you want to see more stocks in this selection, check out 10 Best Gold Royalty and Small-Cap Gold Stocks To Buy. 

5. Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Holders: 18

Osisko Gold Royalties Ltd (NYSE:OR) is a company that purchases and oversees royalties, streams, and other interests in precious metals and other assets in Canada and around the world. Additionally, Osisko Gold Royalties Ltd (NYSE:OR) possesses options for offtake, royalty/stream financings, and exclusive rights to participate in future royalty/stream financings for different projects. On February 23, the company reported a Q4 non-GAAP EPS of C$0.19 and a revenue of C$61.9 million, up 22.2% on a year-over-year basis. It is one of the best gold stocks to invest in. 

According to Insider Monkey’s fourth quarter database, 18 hedge funds were bullish on Osisko Gold Royalties Ltd (NYSE:OR), compared to 20 funds in the prior quarter. Eric Sprott’s Sprott Asset Management is the biggest position holder in the company, with 3.4 million shares worth $41.8 million. 

Palm Valley Capital Management made the following comment about Osisko Gold Royalties Ltd (NYSE:OR) in its Q1 2023 investor letter:

“We did not purchase any new holdings for the Fund during the first quarter. In January, we sold one position: Osisko Gold Royalties Ltd (NYSE:OR). Osisko reported record royalty and streaming revenues as it has steadily grown its portfolio of assets, which is skewed toward Canada—considered to be the highest quality jurisdiction for miners. The company recently deconsolidated the results of mining developer Osisko Development from its financials, clarifying Osisko Royalties’ business model for less familiar investors. Each quarter, we update the company’s NAV based on the underlying value of each of its key royalty and streaming interests, in addition to the net financial assets it holds. Osisko’s share price exceeded our estimate of NAV, so we sold the position.”