Public Employees Retirement System of Ohio Cuts Holdings in OR Royalties Inc. $OR

Public Employees Retirement System of Ohio cut its position in shares of OR Royalties Inc. (NYSE:OR) by 8.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 42,569 shares of the basic materials company’s stock after selling 3,834 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in OR Royalties were worth $1,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new position in OR Royalties in the first quarter valued at about $56,000. Summit Securities Group LLC purchased a new position in OR Royalties in the first quarter valued at about $62,000. Hsbc Holdings PLC purchased a new position in OR Royalties in the first quarter valued at about $208,000. Autumn Glory Partners LLC purchased a new position in OR Royalties in the first quarter valued at about $232,000. Finally, Trexquant Investment LP purchased a new position in OR Royalties in the first quarter valued at about $248,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on OR shares. Canaccord Genuity Group cut shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Raymond James Financial boosted their target price on shares of OR Royalties from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, September 12th. Wall Street Zen raised shares of OR Royalties from a “hold” rating to a “buy” rating in a research report on Saturday. Scotiabank boosted 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 report on Monday, July 7th. Finally, National Bankshares reissued an “outperform” rating on shares of OR Royalties in a research report on Tuesday, June 24th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.00.

OR Royalties Stock Performance

OR Royalties stock opened at $39.41 on Friday. The firm’s 50 day simple moving average is $33.19 and its 200 day simple moving average is $27.42. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $7.42 billion, a PE ratio of 106.51 and a beta of 0.75. OR Royalties Inc. has a 1-year low of $17.55 and a 1-year high of $41.05.

OR Royalties (NYSE:OR) last posted 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). The firm had revenue of $60.36 million for the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. As a group, analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. OR Royalties’s dividend payout ratio is presently 59.46%.

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.