What is Cormark’s Forecast for OR Royalties FY2025 Earnings?

OR Royalties Inc. (NYSE:OR) – Equities research analysts at Cormark lifted their FY2025 earnings estimates for shares of OR Royalties in a report released on Friday, November 7th. Cormark analyst N. Dion now anticipates that the basic materials company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.77. The consensus estimate for OR Royalties’ current full-year earnings is $0.62 per share.

OR Royalties (NYSE:OR) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $53.85 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%.

Several other brokerages have also issued reports on OR. Raymond James Financial raised OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 target price for the company in a research report on Thursday. CIBC reissued an “outperform” rating on shares of OR Royalties in a research note on Tuesday, July 15th. Canaccord Genuity Group raised OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Zacks Research upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Scotiabank downgraded shares of OR Royalties from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $33.00 to $41.00 in a research report on Thursday, October 23rd. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $36.25.

OR Royalties Price Performance

Shares of NYSE:OR opened at $31.98 on Monday. 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 has a 52 week low of $17.55 and a 52 week high of $42.25. The firm has a market cap of $6.02 billion, a PE ratio of 86.44 and a beta of 0.72. The firm’s fifty day moving average is $35.81 and its 200-day moving average is $29.94.

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.055 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. OR Royalties’s dividend payout ratio is presently 29.73%.

Institutional Investors Weigh In On OR Royalties

A number of hedge funds have recently added to or reduced their stakes in the business. Picton Mahoney Asset Management acquired a new position in OR Royalties in the second quarter valued at approximately $96,617,000. T. Rowe Price Investment Management Inc. grew its position in shares of OR Royalties by 116.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company’s stock worth $101,181,000 after buying an additional 2,574,458 shares during the period. Elliott Investment Management L.P. bought a new stake in shares of OR Royalties in the 1st quarter valued at $46,045,000. Mackenzie Financial Corp lifted its position in shares of OR Royalties by 52.2% during the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company’s stock valued at $106,382,000 after acquiring an additional 1,728,760 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of OR Royalties by 43.7% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,419,246 shares of the basic materials company’s stock valued at $139,006,000 after acquiring an additional 1,648,567 shares during the period. 68.52% of the stock is currently owned by institutional investors.

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.