Loading…
Vancouver-based royalty and streaming company holding a silver stream on Lundin Gold's Fruta del Norte mine and royalties on NGEx Minerals' Chile/Argentina copper-gold projects.
Vancouver-based royalty and streaming company holding a silver stream on Lundin Gold's Fruta del Norte mine and royalties on NGEx Minerals' Chile/Argentina copper-gold projects.
A stream is an upfront payment for the right to buy a share of a mine's metal at a low fixed price and resell it at the market price; a royalty is a percentage of a mine's sales. Income comes from silver delivered from Fruta del Norte, while the copper-gold royalties pay only if those projects are built and start production.
In one line: A precious/base-metals royalty and streaming company like a smaller Wheaton Precious Metal.
Moat: narrow (scale, installed base). Royalty/streaming agreements on high-quality, long-life mining assets provide leveraged exposure without operating cost risk.
Headquarters: Vancouver, Canada · Founded: 2025
Size LunR Royalties (LUNR.TO) is a Canada Financials company (Financial Conglomerates) with a market value of $1.46B, the 208th largest of 420 Canada companies the cockpit tracks. Shares closed at C$16.95 on 6 Nov 2026.
Performance Over six months the shares fell 28.4%, against -0.8% for the median peer and +5.2% for the Canada market (cap-weighted) — 2nd lowest of 21 in its peer set.
Growth The operating margin is -53.2% (peer median 15.1%).
Valuation It trades at 311.3× forward earnings against a peer median of 11.6× (2nd most expensive of 14).
Next results Next results expected around 26 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | |
|---|---|---|
| Revenue | C$6.38M | C$0 |
| Revenue growth | — | — |
| Gross profit | C$1.89M | C$0 |
| EBITDA | C$425,470 | -C$654,710 |
| Net income | -C$3.40M | -C$668,239 |
| Free cash flow | n/a | -C$363,610 |
| Capital expenditure | n/a | C$0 |
| Total debt | C$0 | C$0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| LunR Royalties LUNR.TO | $1.46B | -28% | n/a | -53% | 311.3× | n/a |
| Wheaton Precious Metals WPM.TO | $62.3B | +7% | +89% | 73% | 29.9× | n/a |
| Franco-Nevada FNV.TO | $49.6B | +16% | +72% | 75% | 31.5× | 17.7% |
| Royal Gold RGLD | $22.5B | +11% | +94% | 63% | 20.9× | 10.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LUNR.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | +0.9% | 6th lowest of 21 |
| 6-month return | -28.4% | -0.8% | 2nd lowest of 21 |
| Distance from 52-week high | -47.8% | -16.3% | 2nd lowest of 21 |
| Operating margin | -53.2% | 15.1% | 4th lowest of 17 |
| Forward P/E | 311.3× | 11.6× | 2nd most expensive of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| LunR Royalties LUNR.TO | Canada | $1.46B | -28% | n/a | -53% | 311.3× | n/a | n/a |
| Hyosung 004800.KS | South Korea | $1.42B | -49% | +10% | 15% | 6.2× | n/a | n/a |
| Peugeot Invest PEUG.PA | France | $1.54B | -16% | -101% | n/a | 6.3× | n/a | n/a |
| Ratos RATO-A.ST | Sweden | $1.38B | +24% | -23% | 5% | 9.7× | n/a | n/a |
| Yangzijiang Maritime Development 8YZ.SI | Singapore | $1.59B | -14% | +18% | 74% | 12.4× | n/a | n/a |
| Viel & Cie VIL.PA | France | $1.25B | -1% | +6% | 15% | n/a | n/a | n/a |
| Tamburi Investment Partners TIP.MI | Italy | $1.72B | +5% | +353% | -539% | 14.0× | n/a | n/a |
| IndiGrid Infrastructure Trust INDIGRID.NS | India | $1.72B | -1% | +52% | 41% | 21.4× | n/a | n/a |
| Next Generation Technology 319A.T | Japan | $1.17B | +55% | +35% | 13% | n/a | n/a | n/a |
| Morgan Stanley Direct Lending Fund MSDL | United States | $1.15B | -12% | -15% | 56% | 7.6× | n/a | n/a |
| Jefferson Capital JCAP | United States | $1.14B | -1% | +73% | 46% | 6.7× | n/a | n/a |
| Storskogen STOR-B.ST | Sweden | $1.97B | +25% | +2% | 6% | 11.6× | n/a | n/a |
| Georgia Capital CGEO.L | United Kingdom | $2.03B | +20% | n/a | n/a | n/a | n/a | n/a |
| Kinnevik KINV-A.ST | Sweden | $2.04B | +27% | +675% | -9,423% | 7,720.0× | n/a | n/a |
| L1 Gold Fund LGF.AX | Australia | $1.02B | +15% | n/a | n/a | n/a | n/a | n/a |
| International General Insurance IGIC | United States | $1,000M | -7% | +2% | 20% | 8.5× | n/a | n/a |
| Monex 8698.T | Japan | $980M | -8% | +16% | 21% | 14.8× | n/a | n/a |
| Financiere Moncey FMONC.PA | France | $2.19B | -21% | n/a | n/a | n/a | n/a | n/a |
| Pacific Century Regional Developments P15.SI | Singapore | $943M | -6% | -37% | -70% | n/a | n/a | n/a |
| Bure Equity BURE.ST | Sweden | $2.30B | +12% | -3% | 2,018% | n/a | n/a | n/a |
| Mbb MBB.DE | Germany | $930M | +1% | +1% | 11% | 12.5× | n/a | n/a |