Scotiabank Brokers Boost Earnings Estimates for OR Royalties

OR Royalties Inc. (NYSE:OR) – Investment analysts at Scotiabank boosted their FY2025 EPS estimates for shares of OR Royalties in a research note issued on Tuesday, July 15th. Scotiabank analyst T. Jakusconek now forecasts that the basic materials company will earn $0.72 per share for the year, up from their prior forecast of $0.69. Scotiabank has a “Sector Outperform” rating and a $28.00 price objective on the stock. The consensus estimate for OR Royalties’ current full-year earnings is $0.62 per share. Scotiabank also issued estimates for OR Royalties’ FY2026 earnings at $0.73 EPS.

A number of other equities research analysts have also recently issued reports on OR. Wall Street Zen cut shares of OR Royalties from a “buy” rating to a “hold” rating in a research report on Saturday, July 12th. Royal Bank Of Canada dropped their target price on shares of OR Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of OR Royalties in a research report on Tuesday, June 24th. Raymond James Financial restated an “outperform” rating on shares of OR Royalties in a research report on Friday, April 4th. Finally, CIBC restated an “outperform” rating on shares of OR Royalties in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.33.

OR Royalties Trading Up 1.1%

Shares of OR stock opened at $27.38 on Friday. OR Royalties has a 52-week low of $15.78 and a 52-week high of $28.22. The stock has a market cap of $5.15 billion, a price-to-earnings ratio of 161.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.98 and a current ratio of 4.98. The firm has a fifty day moving average of $25.73 and a 200-day moving average of $22.14.

OR Royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. The company had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $79.63 million.

OR Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.055 per share. This is a positive change from OR Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.22 annualized dividend and a yield of 0.80%. OR Royalties’s dividend payout ratio (DPR) is presently 111.76%.

Institutional Trading of OR Royalties

Several hedge funds have recently bought and sold shares of OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in OR Royalties during the 4th quarter worth approximately $60,364,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of OR Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after purchasing an additional 3,194,173 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its holdings in shares of OR Royalties by 116.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company’s stock valued at $101,181,000 after purchasing an additional 2,574,458 shares during the last quarter. Elliott Investment Management L.P. acquired a new stake in shares of OR Royalties in the first quarter valued at approximately $46,045,000. Finally, Tidal Investments LLC acquired a new stake in shares of OR Royalties in the fourth quarter valued at approximately $34,209,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

About OR Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.