Campbell & CO Investment Adviser LLC Lowers Stock Holdings in OR Royalties Inc. $OR

Campbell & CO Investment Adviser LLC lessened its holdings in shares of OR Royalties Inc. (NYSE:OR) by 86.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 16,634 shares of the basic materials company’s stock after selling 110,426 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in OR Royalties were worth $428,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in OR Royalties by 32.3% in the first quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company’s stock valued at $404,000 after purchasing an additional 4,669 shares during the last quarter. Cetera Investment Advisers purchased a new stake in OR Royalties in the 1st quarter valued at about $268,000. Mackenzie Financial Corp increased its stake in shares of OR Royalties by 52.2% during the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company’s stock valued at $106,382,000 after acquiring an additional 1,728,760 shares during the last quarter. Fiera Capital Corp raised its stake in OR Royalties by 9.3% during the first quarter. Fiera Capital Corp now owns 616,765 shares of the basic materials company’s stock worth $13,029,000 after purchasing an additional 52,380 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of OR Royalties by 68.5% in the 1st quarter. XTX Topco Ltd now owns 28,365 shares of the basic materials company’s stock valued at $599,000 after purchasing an additional 11,535 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Trading Down 0.9%

OR opened at $32.42 on Monday. The firm’s 50 day moving average is $35.76 and its 200-day moving average is $30.26. OR Royalties Inc. has a 52-week low of $17.55 and a 52-week high of $42.25. 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 market capitalization of $6.10 billion, a P/E ratio of 87.63 and a beta of 0.72.

OR Royalties (NYSE:OR) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.03. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The business had revenue of $71.63 million during the quarter, compared to the consensus estimate of $53.85 million. Analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.055 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.22 annualized dividend and a yield of 0.7%. OR Royalties’s payout ratio is currently 29.73%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on OR. Wall Street Zen upgraded OR Royalties from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Raymond James Financial upgraded OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price objective on the stock in a report on Thursday, November 6th. Zacks Research upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Canaccord Genuity Group raised shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Finally, Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up previously from $34.00) on shares of OR Royalties in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, OR Royalties has a consensus rating of “Buy” and a consensus target price of $36.25.

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.