OR Royalties Inc. (NYSE:OR) Given Average Rating of “Moderate Buy” by Analysts

OR Royalties Inc. (NYSE:OR) has received a consensus rating of “Moderate Buy” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $29.00.

OR has been the subject of a number of research analyst reports. Scotiabank boosted their price target on OR Royalties from $26.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, July 7th. Wall Street Zen upgraded OR Royalties from a “hold” rating to a “buy” rating in a research report on Saturday. Raymond James Financial boosted their price target on OR Royalties from $34.00 to $36.00 and gave the stock an “outperform” rating in a research report on Friday, September 12th. Canaccord Genuity Group lowered OR Royalties from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of OR Royalties in a research report on Saturday, September 27th.

Institutional Trading of OR Royalties

Several institutional investors have recently modified their holdings of the company. Cetera Investment Advisers lifted its holdings in shares of OR Royalties by 3.5% in the second quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock valued at $337,000 after buying an additional 440 shares during the period. PFG Investments LLC lifted its holdings in shares of OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company’s stock valued at $537,000 after buying an additional 613 shares during the period. Vident Advisory LLC lifted its holdings in shares of OR Royalties by 2.0% in the second quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company’s stock valued at $1,089,000 after buying an additional 820 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of OR Royalties by 0.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 283,500 shares of the basic materials company’s stock valued at $7,291,000 after buying an additional 1,500 shares during the period. Finally, SeaBridge Investment Advisors LLC lifted its holdings in shares of OR Royalties by 14.8% during the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company’s stock valued at $327,000 after purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Price Performance

OR stock opened at $39.41 on Monday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. OR Royalties has a 52-week low of $17.55 and a 52-week high of $41.05. The stock’s 50 day moving average is $33.19 and its two-hundred day moving average is $27.47. The company has a market capitalization of $7.42 billion, a PE ratio of 106.51 and a beta of 0.75.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The firm had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. Analysts predict that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. OR Royalties’s dividend payout ratio is 59.46%.

OR Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.