OR Royalties Inc. (NYSE:OR) Receives $23.00 Consensus Target Price from Analysts

OR Royalties Inc. (NYSE:ORGet 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.

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Institutional Investors Weigh In On OR Royalties

Hedge funds and other institutional investors have recently modified their holdings of the company. Anson Funds Management LP acquired a new position in OR Royalties in the 1st quarter valued at $1,657,000. Plato Investment Management Ltd acquired a new stake in shares of OR Royalties during the first quarter worth $56,000. Goldman Sachs Group Inc. boosted its position in shares of 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 worth $26,539,000 after acquiring an additional 758,815 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in OR Royalties by 13.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company’s stock valued at $79,566,000 after acquiring an additional 435,467 shares during the last quarter. Finally, Edmond DE Rothschild Holding S.A. lifted its holdings in shares of OR Royalties by 16.8% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 104,001 shares of the basic materials company’s stock valued at $2,199,000 after acquiring an additional 14,981 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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:ORGet 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

(Get Free Report

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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Analyst Recommendations for OR Royalties (NYSE:OR)

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