Nuveen LLC Acquires Shares of 136,155 OR Royalties Inc. $OR

Nuveen LLC acquired a new stake in OR Royalties Inc. (NYSE:OR) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 136,155 shares of the basic materials company’s stock, valued at approximately $2,873,000. Nuveen LLC owned approximately 0.07% of OR Royalties at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. PFG Investments LLC boosted its stake in shares of OR Royalties by 2.5% during the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company’s stock worth $537,000 after buying an additional 613 shares during the period. SeaBridge Investment Advisors LLC increased its holdings in OR Royalties by 14.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company’s stock valued at $327,000 after buying an additional 2,000 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of OR Royalties by 3.7% during the 4th quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company’s stock worth $1,528,000 after purchasing an additional 2,981 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of OR Royalties by 20.4% during the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company’s stock worth $369,000 after purchasing an additional 3,455 shares in the last quarter. Finally, Addenda Capital Inc. increased its stake in shares of OR Royalties by 10.3% during the 1st quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company’s stock worth $893,000 after purchasing an additional 3,936 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Trading Up 0.4%

OR Royalties stock opened at $31.22 on Friday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm has a 50-day moving average price of $28.24 and a two-hundred day moving average price of $24.30. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 84.39 and a beta of 0.71. OR Royalties Inc. has a 52-week low of $16.50 and a 52-week high of $31.40.

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

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 30th. OR Royalties’s payout ratio is presently 51.35%.

Wall Street Analyst Weigh In

OR has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of OR Royalties from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. Scotiabank lifted their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, July 7th. National Bankshares reissued an “outperform” rating on shares of OR Royalties in a research note on Tuesday, June 24th. Finally, CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, OR Royalties presently has a consensus rating of “Moderate Buy” and an average 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.