OR Royalties Target of Unusually High Options Trading (NYSE:OR)

OR Royalties Inc. (NYSE:OR) saw some unusual options trading on Wednesday. Stock investors bought 4,071 call options on the company. This represents an increase of 694% compared to the typical daily volume of 513 call options.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OR. Scotiabank boosted their price target on OR Royalties from $26.00 to $28.00 and gave the company a “sector outperform” rating in a report on Monday, July 7th. Raymond James Financial restated a “market perform” rating and issued a $41.00 price target (up from $36.00) on shares of OR Royalties in a report on Friday, October 10th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up from $34.00) on shares of OR Royalties in a report on Monday, October 6th. CIBC restated an “outperform” rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of OR Royalties in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, OR Royalties has a consensus rating of “Moderate Buy” and a consensus target price of $33.00.

OR Royalties Price Performance

Shares of NYSE OR opened at $34.65 on Thursday. The business’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $28.94. The company has a market cap of $6.52 billion, a PE ratio of 93.64 and a beta of 0.75. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. OR Royalties has a twelve month low of $17.55 and a twelve month high of $42.25.

OR Royalties (NYSE:OR) last announced its quarterly 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 business had revenue of $60.36 million for the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. On average, analysts predict that OR Royalties will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, September 30th. OR Royalties’s payout ratio is 59.46%.

Hedge Funds Weigh In On OR Royalties

A number of institutional investors have recently bought and sold shares of OR. Cetera Investment Advisers grew its position in shares of OR Royalties by 3.5% in the second quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock valued at $337,000 after purchasing an additional 440 shares during the last quarter. PFG Investments LLC grew its position in shares of OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company’s stock valued at $537,000 after purchasing an additional 613 shares during the last quarter. Vident Advisory LLC grew its position in shares of OR Royalties by 2.0% in the second quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company’s stock valued at $1,089,000 after purchasing an additional 820 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of OR Royalties by 0.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 283,500 shares of the basic materials company’s stock valued at $7,291,000 after purchasing an additional 1,500 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC grew its position in shares of 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 purchasing an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.