OR Royalties Inc. (NYSE:OR) Receives Average Rating of “Hold” from Brokerages

OR Royalties Inc. (NYSE:OR) has received a consensus recommendation of “Hold” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $40.50.

Several equities research analysts recently commented on the company. Weiss Ratings downgraded OR Royalties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 24th. Zacks Research cut shares of OR Royalties from a “hold” rating to a “strong sell” rating in a report on Monday, July 13th. Jefferies Financial Group decreased their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Royal Bank Of Canada decreased their price target on shares of OR Royalties from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Finally, Scotiabank reduced their price objective on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th.

Institutional Investors Weigh In On OR Royalties

Several institutional investors have recently bought and sold shares of the stock. FCA Corp TX boosted its holdings in shares of OR Royalties by 0.8% in the first quarter. FCA Corp TX now owns 39,647 shares of the basic materials company’s stock valued at $1,507,000 after acquiring an additional 330 shares in the last quarter. Wells Fargo & Company MN boosted its stake in OR Royalties by 6.2% during the 4th quarter. Wells Fargo & Company MN now owns 5,901 shares of the basic materials company’s stock valued at $209,000 after purchasing an additional 346 shares in the last quarter. Allworth Financial LP raised its stake in shares of OR Royalties by 20.0% in the 4th quarter. Allworth Financial LP now owns 2,305 shares of the basic materials company’s stock worth $82,000 after buying an additional 384 shares in the last quarter. Cetera Investment Advisers lifted its holdings in shares of 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 buying an additional 440 shares during the period. Finally, State of Wyoming bought a new position in OR Royalties during the first quarter valued at about $28,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Stock Performance

NYSE:OR opened at $37.52 on Thursday. The firm’s fifty day simple moving average is $31.65 and its 200 day simple moving average is $36.50. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14. OR Royalties has a twelve month low of $27.54 and a twelve month high of $48.06. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 25.01 and a beta of 0.75.

OR Royalties (NYSE:OR) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%.The firm had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. As a group, equities research analysts expect that OR Royalties will post 1.25 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.065 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 30th. OR Royalties’s dividend payout ratio is 16.67%.

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.