OR Royalties Inc. (NYSE:OR – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $23.00.
Several brokerages have recently issued reports on OR. Royal Bank Of Canada decreased their price objective on OR Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. National Bankshares restated an “outperform” rating on shares of OR Royalties in a research report on Wednesday, April 23rd. Raymond James Financial restated an “outperform” rating on shares of OR Royalties in a research report on Friday, April 4th. Scotiabank upgraded shares of OR Royalties from a “sector perform” rating to a “sector outperform” rating and boosted their price objective for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Finally, Wall Street Zen upgraded OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, June 14th.
Institutional Investors Weigh In On OR Royalties
OR Royalties Trading Up 0.4%
OR opened at $25.92 on Friday. The business has a 50 day moving average of $24.64 and a 200-day moving average of $21.17. OR Royalties has a 52 week low of $15.12 and a 52 week high of $27.60. The stock has a market cap of $4.87 billion, a PE ratio of 152.47 and a beta of 0.76. The company has a quick ratio of 4.98, a current ratio of 4.98 and a debt-to-equity ratio of 0.06.
OR Royalties (NYSE:OR – Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $79.63 million. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. Equities research analysts predict that OR Royalties will post 0.62 earnings per share for the current fiscal year.
OR Royalties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.055 dividend. This is a positive change from OR Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Monday, June 30th. OR Royalties’s dividend payout ratio is currently 105.88%.
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.
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