OR Royalties (NYSE:OR) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

OR Royalties Inc. (NYSE:OR)’s share price passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $35.12 and traded as high as $35.72. OR Royalties shares last traded at $35.1550, with a volume of 848,719 shares changing hands.

Analysts Set New Price Targets

A number of research analysts recently issued reports on OR shares. Royal Bank Of Canada increased their price objective on OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Weiss Ratings raised OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Zacks Research upgraded OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Scotiabank cut their target price on 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.00.

OR Royalties Stock Up 1.9%

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 50-day moving average of $35.12 and a 200 day moving average of $36.56. The stock has a market capitalization of $6.55 billion, a price-to-earnings ratio of 23.44 and a beta of 0.76.

OR Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The firm had revenue of $97.82 million for the quarter, compared to analyst estimates of $97.93 million. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. As a group, sell-side analysts forecast that OR Royalties Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OR Royalties

Several large investors have recently made changes to their positions in OR. State of Wyoming bought a new position in shares of OR Royalties in the first quarter valued at $28,000. Grove Bank & Trust acquired a new position in OR Royalties during the second quarter worth $32,000. CoreCap Advisors LLC raised its position in OR Royalties by 52.9% during the third quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company’s stock worth $40,000 after acquiring an additional 400 shares in the last quarter. Fortitude Family Office LLC bought a new stake in OR Royalties during the third quarter worth $144,000. Finally, EverSource Wealth Advisors LLC raised its position in OR Royalties by 94.8% during the first quarter. EverSource Wealth Advisors LLC now owns 4,539 shares of the basic materials company’s stock worth $173,000 after acquiring an additional 2,209 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Company Profile

OR Royalties Inc (NYSE: OR) is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.