OR

Five mining and precious metals companies are positioned to beat Q3 2026 earnings estimates, supported by elevated commodity prices. Gold averaged $4,305/oz (up 23% YoY), silver averaged $63.22/oz (up 59% YoY), and copper averaged $6.53/lb, though higher input costs partially offset gains. FreeportMcMoRan, Franco-Nevada, Lundin Mining, OR Royalties, and Wheaton Precious Metals all show positive Earnings ESP and favorable Zacks Ranks.

OR Royalties is highlighted as a compelling growth stock investment opportunity, featuring a Zacks Rank #2 (Buy) rating and Growth Score of B. The mining royalty and exploration company demonstrates strong fundamentals including 43.5% projected EPS growth (vs. 36.5% industry average), exceptional cash flow growth of 54.7% year-over-year (vs. 2.7% industry average), and positive earnings estimate revisions, positioning it as a potential outperformer for growth-focused investors.

OR Royalties Inc. announced Q3 2026 preliminary results showing 20,237 attributable gold equivalent ounces earned, with revenues of $90.2 million and a cash margin of $87.3 million (96.8%). The company maintained a cash position of $76.7 million after share repurchases and completed the La Verde royalty acquisition for $15.0 million. The revolving credit facility had $228.2 million drawn with $621.8 million available capacity.

The mining industry is entering Q3 2026 earnings season with strong support from elevated commodity prices. Gold averaged $4,305/oz (up 23% YoY), silver averaged $63.22/oz (up 59% YoY), and copper averaged $6.53/lb, though higher input costs partially offset gains. Five mining and precious metals companies are identified as likely to beat earnings estimates this season.

Southern Copper (SCCO) is expected to report Q3 2026 revenues of $4.50 billion (up 33.3% YoY) and EPS of $2.07 (up 53.3% YoY), driven by higher metal prices offsetting lower production volumes. However, the company faces headwinds from a 3.5% decline in copper production, lower ore grades in Peru, and elevated operating costs. The Zacks model does not predict an earnings beat due to a negative Earnings ESP of -4.35%, despite the company's strong historical track record of beating estimates.