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

Shares of OR Royalties Inc. (NYSE:OR) have been assigned an average rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $35.75.

A number of brokerages have recently weighed in on OR. Scotiabank downgraded OR Royalties from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $33.00 to $41.00 in a research note on Thursday, October 23rd. Wall Street Zen upgraded shares of OR Royalties from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Zacks Research raised OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Raymond James Financial raised shares of OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a research report on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers purchased a new position in OR Royalties in the 1st quarter worth approximately $268,000. Vanguard Group Inc. raised its stake in shares of OR Royalties by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company’s stock valued at $153,041,000 after acquiring an additional 43,417 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of OR Royalties by 1.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 352,255 shares of the basic materials company’s stock worth $7,433,000 after purchasing an additional 4,212 shares during the period. Nuveen LLC purchased a new stake in shares of OR Royalties during the first quarter worth about $2,873,000. Finally, Russell Investments Group Ltd. grew its stake in shares of OR Royalties by 10.3% in the first quarter. Russell Investments Group Ltd. now owns 174,975 shares of the basic materials company’s stock worth $3,693,000 after purchasing an additional 16,396 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Price Performance

Shares of NYSE OR opened at $36.00 on Friday. The firm has a market cap of $6.77 billion, a PE ratio of 45.56 and a beta of 0.81. The company has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $31.57. OR Royalties has a 1 year low of $17.55 and a 1 year high of $42.25.

OR Royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. OR Royalties had a return on equity of 10.67% and a net margin of 60.72%.The company had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. As a group, research analysts anticipate that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.055 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. OR Royalties’s dividend payout ratio is presently 27.85%.

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.