Cibc World Market Inc. Raises Stock Holdings in OR Royalties Inc. $OR

Cibc World Market Inc. increased its position in OR Royalties Inc. (NYSE:OR) by 19.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 360,911 shares of the basic materials company’s stock after buying an additional 58,369 shares during the quarter. Cibc World Market Inc. owned 0.19% of OR Royalties worth $12,787,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in OR. Goldman Sachs Group Inc. boosted its holdings in OR Royalties by 152.4% in the first 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 in the last quarter. Geode Capital Management LLC boosted its holdings in OR Royalties by 2.7% in the second quarter. Geode Capital Management LLC now owns 92,267 shares of the basic materials company’s stock valued at $2,384,000 after acquiring an additional 2,459 shares in the last quarter. Cetera Investment Advisers boosted its holdings in 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 acquiring an additional 440 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in OR Royalties by 58.3% in the second quarter. JPMorgan Chase & Co. now owns 205,176 shares of the basic materials company’s stock valued at $5,275,000 after acquiring an additional 75,596 shares in the last quarter. Finally, Gamco Investors INC. ET AL bought a new stake in OR Royalties in the second quarter valued at $1,051,000. Institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Performance

Shares of NYSE:OR opened at $33.81 on Friday. OR Royalties Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $48.06. The business has a 50-day simple moving average of $38.03 and a two-hundred day simple moving average of $38.69. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 25.23 and a beta of 0.70.

OR Royalties (NYSE:OR) last issued its earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. OR Royalties had a return on equity of 15.10% and a net margin of 78.09%.The business had revenue of $102.83 million during the quarter, compared to analyst estimates of $103.27 million. As a group, research analysts predict that OR Royalties Inc. will post 1.4 earnings per share for the current year.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.065 dividend. This is a positive change from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. OR Royalties’s payout ratio is presently 16.42%.

Wall Street Analyst Weigh In

OR has been the topic of several recent analyst reports. TD Securities reiterated a “hold” rating on shares of OR Royalties in a report on Monday, February 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of OR Royalties in a report on Friday, May 22nd. Zacks Research cut shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $56.00 price target on shares of OR Royalties in a report on Friday, April 10th. Finally, Wall Street Zen cut shares of OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $46.50.

About OR Royalties

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.