Vanguard Group Inc. Grows Position in OR Royalties Inc. $OR

Vanguard Group Inc. grew its stake in shares of OR Royalties Inc. (NYSE:OR) by 0.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,251,763 shares of the basic materials company’s stock after purchasing an additional 43,417 shares during the quarter. Vanguard Group Inc. owned approximately 3.88% of OR Royalties worth $153,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OR. JPMorgan Chase & Co. raised its holdings in shares of OR Royalties by 20.4% during the fourth quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company’s stock valued at $369,000 after acquiring an additional 3,455 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of OR Royalties by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company’s stock valued at $1,528,000 after acquiring an additional 2,981 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of OR Royalties by 3.0% during the fourth quarter. Legal & General Group Plc now owns 163,374 shares of the basic materials company’s stock valued at $2,957,000 after acquiring an additional 4,750 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of OR Royalties during the fourth quarter valued at approximately $2,587,000. Finally, Barclays PLC raised its holdings in shares of OR Royalties by 88.9% during the fourth quarter. Barclays PLC now owns 301,170 shares of the basic materials company’s stock valued at $5,451,000 after acquiring an additional 141,762 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

OR Royalties Price Performance

Shares of NYSE:OR opened at $30.1860 on Thursday. OR Royalties Inc. has a 1-year low of $16.50 and a 1-year high of $31.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The business has a fifty day moving average price of $27.68 and a 200-day moving average price of $23.82. The company has a market capitalization of $5.68 billion, a PE ratio of 81.59 and a beta of 0.71.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The company had revenue of $60.36 million for the quarter, compared to the consensus estimate of $83.25 million. As a group, equities analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. OR Royalties’s dividend payout ratio (DPR) is 51.35%.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of recent analyst reports. National Bankshares restated an “outperform” rating on shares of OR Royalties in a report on Tuesday, June 24th. Wall Street Zen downgraded OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. CIBC reiterated an “outperform” rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Scotiabank increased their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a “sector outperform” rating in a report on Monday, July 7th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, OR Royalties presently has a consensus rating of “Moderate Buy” and a consensus target price of $24.33.

OR Royalties Profile

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.