OR Royalties Inc. (NYSE:OR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of OR Royalties Inc. (NYSE:OR) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $41.00.

A number of equities analysts have weighed in on the company. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Wall Street Zen downgraded shares of OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of OR Royalties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, July 24th. Scotiabank reduced their target price on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Jefferies Financial Group decreased their target price on shares of OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 6th.

Institutional Trading of OR Royalties

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. WINTON GROUP Ltd raised its holdings in OR Royalties by 26.1% during the second quarter. WINTON GROUP Ltd now owns 18,423 shares of the basic materials company’s stock worth $583,000 after acquiring an additional 3,817 shares in the last quarter. Engineers Gate Manager LP boosted its position in OR Royalties by 30.7% during the second quarter. Engineers Gate Manager LP now owns 7,010 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 1,646 shares during the last quarter. Squarepoint Ops LLC grew its stake in OR Royalties by 240.1% in the second quarter. Squarepoint Ops LLC now owns 45,543 shares of the basic materials company’s stock valued at $1,441,000 after purchasing an additional 32,152 shares in the last quarter. Nykredit A S bought a new position in OR Royalties in the second quarter valued at approximately $228,000. Finally, Groupe la Francaise increased its position in shares of OR Royalties by 2.5% during the 2nd quarter. Groupe la Francaise now owns 205,000 shares of the basic materials company’s stock worth $6,494,000 after purchasing an additional 5,000 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Stock Performance

Shares of OR Royalties stock opened at $36.75 on Monday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. The firm has a market cap of $6.85 billion, a price-to-earnings ratio of 24.50 and a beta of 0.80. The stock’s 50-day moving average is $33.47 and its 200-day moving average is $35.64. OR Royalties has a one year low of $27.54 and a one year 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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%.The business had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. Equities analysts predict 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. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. OR Royalties’s dividend payout ratio is currently 16.67%.

OR Royalties Company Profile

OR Royalties Inc (NYSE: OR) is a precious metals royalty and streaming company that provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from their projects. Its portfolio is primarily focused on gold, silver and other metals, allowing the company to participate in mining output without directly operating mines.

The company’s business includes royalty interests, streams, offtake agreements and other investments linked to producing, developing and exploration-stage mining projects.