OR Royalties (NYSE:OR) Stock Price Expected to Rise, Raymond James Financial Analyst Says

OR Royalties (NYSE:OR) had its target price hoisted by investment analysts at Raymond James Financial from $34.00 to $36.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the basic materials company’s stock. Raymond James Financial’s price target would indicate a potential upside of 0.11% from the stock’s previous close.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen upgraded shares of OR Royalties from a “hold” rating to a “buy” rating in a research report on Friday, August 22nd. National Bankshares reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Scotiabank upped their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a “sector outperform” rating in a research note on Monday, July 7th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, OR Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of $27.25.

OR Royalties Price Performance

Shares of NYSE:OR opened at $35.96 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a fifty day moving average price of $30.09 and a 200 day moving average price of $25.46. OR Royalties has a fifty-two week low of $17.55 and a fifty-two week high of $36.20. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 97.19 and a beta of 0.72.

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

Institutional Investors Weigh In On OR Royalties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Plato Investment Management Ltd purchased a new stake in shares of OR Royalties in the first quarter valued at $56,000. Summit Securities Group LLC purchased a new stake in shares of OR Royalties in the first quarter valued at $62,000. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties in the fourth quarter valued at $131,000. Hsbc Holdings PLC purchased a new stake in shares of OR Royalties in the first quarter valued at $208,000. Finally, Autumn Glory Partners LLC purchased a new stake in shares of OR Royalties in the first quarter valued at $232,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Company 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.