We recently published a list of 10 Best Canadian Gold Stocks to Buy Now. In this article, we are going to take a look at where Osisko Gold Royalties Ltd (NYSE:OR) stands against other best Canadian gold stocks to buy now.

Gold remains a trusted store of value during economic uncertainty. Due to global inflation, geopolitical tensions, and central bank demand, the appeal of gold is surging to new highs. According to Fortune Business Insights, the global gold market, worth $291.68 billion in 2024, is projected to reach $457.91 billion by 2032, growing at a CAGR of 5.8%. Reuters reported that this price surge has attracted investors, with spot gold hitting a record $2,936.38 per ounce and U.S. futures reaching $2,956.10.

Investor interest remains high as gold-backed ETFs saw a 26% jump in 2024, their best performance since 2010. Additionally, central bank demand is expected to exceed the 500-ton long-term average in 2025, further supporting prices, though any purchasing slowdown could pose risks.

Macroeconomic factors also affect gold’s future as the U.S. recently imposed a 25% tariff on Mexican and Canadian imports, along with additional duties on Chinese goods, sparking inflation worries. While automakers received temporary exemptions, market uncertainty persists. According to a Reuters survey, investors are watching the upcoming U.S. non-farm payrolls report, which could affect Federal Reserve policy and gold prices.

On the supply side, global gold production held steady at about 3,300 metric tons in 2024, with China, Russia, Australia, and Canada as the top producers. Meanwhile, the recycled gold supply rose 11% to 1,370 tons, reflecting increased market liquidity. With China and India accounting for over 60% of annual gold consumption, the countries remain crucial market influencers in 2025.

However, global gold trade patterns are shifting from their traditional eastward flow to meet China’s and India’s demands. Gold shipments are now being redirected to the U.S. as Asian retail demand weakens. Reuters reported that bullion banks are capitalizing on Comex futures rather than premium spot prices by redirecting gold supplies to the U.S. Furthermore, U.S. gold inventories have jumped nearly 80% since late 2024, with increased imports from London, Switzerland, and Asian markets, cementing America’s key role in the global market.

Additionally, technological innovation is reshaping the gold industry. Advances in bio-leaching, cyanide-free processing, and nanotechnology are boosting extraction efficiency and sustainability, promising lower environmental impact and positioning the sector for long-term growth.

Entering 2025, the U.S. gold market continues to be shaped by inflation, geopolitical uncertainties, changing trade policies, and technological advances. Amid these shifting market dynamics, gold remains a vital asset for those seeking security and growth potential.

Methodology

To compile our list of the 10 Best Canadian Gold Stocks according to hedge funds, we used the Finviz stock screener to find the 30 largest Canadian companies that are involved in the production, extraction, processing, or sale of gold. We then used Insider Monkey’s Hedge Fund database to rank those stocks according to the number of hedge fund holders as of Q4 2024. Finally, we picked ten stocks with the highest number of hedge fund holders. The list is sorted in ascending order of hedge fund sentiment.

Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 373.4% since May 2014, beating its benchmark by 218 percentage points (see more details here).

Osisko Gold Royalties Ltd (NYSE:OR)

Number of Hedge Fund Holders: 24

Osisko Gold Royalties Ltd (NYSE:OR) is a top player in the precious metals industry, acquiring and managing royalties, streams, and stakes across Canada and beyond. Its crown jewel is a 3%–5% net smelter return royalty on Agnico Eagle’s Canadian Malartic complex. Beyond this, Osisko has interests in numerous mining ventures, mostly focused on gold, silver, and copper.

Osisko Gold Royalties Ltd (NYSE:OR) posted a record annual revenue of $191.2 million in 2024, boosted by high metal prices and steady royalty flows. Osisko earned 20,005 gold equivalent ounces (GEOs) in Q4, helping it reach an annual total of 80,740 GEOs, beating its midpoint target.

In addition to strong operational performance, Osisko Gold Royalties Ltd (NYSE:OR) closed almost $300 million in deals throughout 2024. Key advancements included acquiring the Dalgaranga Royalty and restructuring the Gibraltar Silver Stream, boosting its portfolio value. The company’s portfolio now holds 21 producing assets, with the recent addition of Ghana’s Namdini mine, which began gold production in November 2024.

A central part of Osisko’s approach is its focus on Tier-1 mining regions, with about 78% of the company’s GEOs coming from Canada, the U.S., and Australia, ensuring reliable income. While Canadian Malartic remains its biggest revenue source, new revenue streams from Alamos Gold’s Island Gold District and the CSA copper stream will likely play major roles in driving growth.

For 2025, Osisko Gold Royalties Ltd (NYSE:OR) projects a 45:55 output split between the first and second halves. Q1 is expected to be the slowest, mainly due to reduced output from Canadian Malartic. However, the company sees production picking up in Q2, followed by stronger growth later in the year, fueled by increased yields from the Namdini royalty.

With a clear growth plan and strong output outlook, Osisko Gold Royalties Ltd (NYSE:OR) is set for steady expansion as one of the best Canadian stocks.

Overall, OR ranks 7th on our list of best Canadian gold stocks to buy now. While we acknowledge the potential of OR, our conviction lies in the belief that certain AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than OR but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires

Disclosure: None. This article is originally published at Insider Monkey.