OR Royalties Inc. (NYSE:OR) Stock Has Consensus Target Price of $41.00 According to Brokerages

Shares of OR Royalties Inc. (NYSE:OR) have received an average rating of “Moderate Buy” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $41.00.

A number of equities research analysts have recently issued reports on OR shares. Scotiabank cut their target price on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on shares of OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th. Weiss Ratings upgraded OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Finally, Jefferies Financial Group lowered their price target 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 institutional investors have recently made changes to their positions in OR. Verbena Value LP grew its holdings 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 worth $49,232,000 after acquiring an additional 596,000 shares during the period. Renaissance Technologies LLC raised its position in shares of OR Royalties by 86.2% during the first quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock worth $29,781,000 after purchasing an additional 362,700 shares during the period. Bank of America Corp DE boosted its position in shares of OR Royalties by 37.4% in the 1st quarter. Bank of America Corp DE now owns 1,008,086 shares of the basic materials company’s stock valued at $38,327,000 after purchasing an additional 274,486 shares during the period. Montrusco Bolton Investments Inc. purchased a new position in OR Royalties in the 1st quarter worth about $9,664,000. Finally, U S Global Investors Inc. lifted its stake in OR Royalties by 55.8% during the first quarter. U S Global Investors Inc. now owns 534,625 shares of the basic materials company’s stock valued at $20,326,000 after buying an additional 191,380 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Stock Up 5.5%

Shares of NYSE OR opened at $35.19 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $6.56 billion, a PE ratio of 26.48 and a beta of 0.78. The firm has a fifty day moving average of $35.47 and a 200-day moving average of $35.06. OR Royalties has a 52-week low of $27.54 and a 52-week high of $48.06.

OR Royalties (NYSE:OR) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $97.82 million for 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%. On average, analysts anticipate that OR Royalties will post 1.26 EPS for the current year.

OR Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0650 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. OR Royalties’s dividend payout ratio (DPR) is 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.