OR Royalties Inc. (NYSE:OR) Given Average Recommendation of “Buy” by Brokerages

OR Royalties Inc. (NYSE:OR) has been assigned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $36.25.

OR has been the topic of a number of research reports. Zacks Research upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of OR Royalties in a research report on Thursday. Jefferies Financial Group reiterated a “hold” rating and issued a $40.00 price objective (up previously from $34.00) on shares of OR Royalties in a research note on Monday, October 6th. Wall Street Zen raised shares of OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Finally, Scotiabank downgraded shares of OR Royalties from an “outperform” rating to a “sector perform” rating and upped their price target for the stock from $33.00 to $41.00 in a research note on Thursday, October 23rd.

Institutional Investors Weigh In On OR Royalties

A number of large investors have recently bought and sold shares of the business. Virtus Advisers LLC bought a new position in OR Royalties during the third quarter valued at about $309,000. Verition Fund Management LLC increased its holdings in shares of OR Royalties by 0.3% during the 3rd quarter. Verition Fund Management LLC now owns 632,705 shares of the basic materials company’s stock valued at $25,359,000 after acquiring an additional 1,949 shares during the last quarter. Tidal Investments LLC raised its stake in shares of OR Royalties by 25.4% in the 3rd quarter. Tidal Investments LLC now owns 2,347,760 shares of the basic materials company’s stock valued at $94,098,000 after acquiring an additional 474,840 shares in the last quarter. Prelude Capital Management LLC acquired a new stake in OR Royalties in the 3rd quarter worth approximately $306,000. Finally, Public Employees Retirement System of Ohio boosted its position in OR Royalties by 9.9% during the third quarter. Public Employees Retirement System of Ohio now owns 46,803 shares of the basic materials company’s stock worth $1,877,000 after purchasing an additional 4,234 shares during the period. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Stock Down 1.7%

OR stock opened at $31.85 on Tuesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The firm has a market capitalization of $5.99 billion, a P/E ratio of 86.09 and a beta of 0.72. OR Royalties has a 52-week low of $17.55 and a 52-week high of $42.25. The company’s 50 day simple moving average is $35.70 and its 200-day simple moving average is $30.32.

OR Royalties (NYSE:OR) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) 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 company had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. As a group, equities research analysts anticipate 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 will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.055 per share. The ex-dividend date is Wednesday, December 31st. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. OR Royalties’s dividend payout ratio is 29.73%.

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.