OR Royalties Inc. $OR Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC lessened its stake in shares of OR Royalties Inc. (NYSE:OR) by 0.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,079,090 shares of the basic materials company’s stock after selling 8,970 shares during the quarter. OR Royalties comprises about 4.3% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. Euro Pacific Asset Management LLC’s holdings in OR Royalties were worth $26,304,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Synergy Asset Management LLC boosted its stake in OR Royalties by 23.5% during the 2nd quarter. Synergy Asset Management LLC now owns 17,617 shares of the basic materials company’s stock valued at $453,000 after purchasing an additional 3,347 shares in the last quarter. Farther Finance Advisors LLC bought a new position in OR Royalties during the second quarter valued at about $314,000. Anson Funds Management LP acquired a new position in OR Royalties during the first quarter worth about $1,657,000. Plato Investment Management Ltd bought a new stake in OR Royalties in the first quarter worth about $56,000. Finally, Goldman Sachs Group Inc. lifted its holdings in OR Royalties by 152.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock valued at $26,539,000 after acquiring an additional 758,815 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Trading Down 0.7%

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

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

OR Royalties Dividend Announcement

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

Analyst Ratings Changes

Several brokerages have recently issued reports on OR. Raymond James Financial lifted their price objective on shares of OR Royalties from $34.00 to $36.00 and gave the stock an “outperform” rating in a research note on Friday, September 12th. Wall Street Zen upgraded shares of OR Royalties from a “hold” rating to a “buy” rating in a report on Saturday. CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a report on Tuesday, July 15th. Scotiabank increased their price objective on OR Royalties from $26.00 to $28.00 and gave the company a “sector outperform” rating in a research report on Monday, July 7th. Finally, Canaccord Genuity Group cut OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Thursday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $29.00.

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.