Euro Pacific Asset Management LLC Buys 24,036 Shares of OR Royalties Inc. $OR

Euro Pacific Asset Management LLC lifted its position in shares of OR Royalties Inc. (NYSE:OR) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,053,179 shares of the basic materials company’s stock after purchasing an additional 24,036 shares during the quarter. OR Royalties accounts for approximately 2.5% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 14th largest holding. Euro Pacific Asset Management LLC’s holdings in OR Royalties were worth $38,931,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Verbena Value LP grew its position in OR Royalties by 85.3% during the first quarter. Verbena Value LP now owns 1,294,900 shares of the basic materials company’s stock valued at $49,232,000 after buying an additional 596,000 shares during the period. Renaissance Technologies LLC raised its position in shares of OR Royalties by 86.2% in the first quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock worth $29,781,000 after acquiring an additional 362,700 shares during the period. Bank of America Corp DE raised its position in shares of OR Royalties by 37.4% in the first quarter. Bank of America Corp DE now owns 1,008,086 shares of the basic materials company’s stock worth $38,327,000 after acquiring an additional 274,486 shares during the period. Montrusco Bolton Investments Inc. acquired a new position in shares of OR Royalties in the first quarter worth about $9,664,000. Finally, U S Global Investors Inc. boosted its stake in shares of OR Royalties by 55.8% during the 1st quarter. U S Global Investors Inc. now owns 534,625 shares of the basic materials company’s stock worth $20,326,000 after acquiring an additional 191,380 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OR. Jefferies Financial Group dropped their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Weiss Ratings raised OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Scotiabank reduced their price target on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Zacks Research upgraded OR Royalties from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Royal Bank Of Canada increased their price target on OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

OR Royalties Price Performance

NYSE OR traded down $0.17 on Tuesday, hitting $34.51. The company had a trading volume of 785,072 shares, compared to its average volume of 1,121,696. The company has a market capitalization of $6.43 billion, a PE ratio of 23.00 and a beta of 0.78. The company’s fifty day moving average price is $35.31 and its 200-day moving average price is $35.07. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. OR Royalties Inc. has a 12-month low of $27.54 and a 12-month high of $48.06.

OR Royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $97.82 million during the quarter, compared to analysts’ expectations of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. As a group, analysts predict that OR Royalties Inc. will post 1.26 earnings per share for the current year.

OR Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.0650 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.8%. OR Royalties’s payout ratio is currently 16.67%.

OR Royalties Company Profile

OR Royalties Inc is a precious-metals royalty and streaming company headquartered in Montreal, Quebec. The company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from mining projects, allowing it to gain exposure to mineral production without directly operating mines.

The company’s portfolio is primarily focused on gold and includes royalties, streams, offtakes and other interests in a range of development, construction and producing assets.