24,424 Shares in OR Royalties Inc. $OR Bought by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. bought a new stake in shares of OR Royalties Inc. (NYSE:OR) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,424 shares of the basic materials company’s stock, valued at approximately $628,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Plato Investment Management Ltd bought a new position in OR Royalties during the first quarter valued at about $56,000. Hsbc Holdings PLC bought a new stake in OR Royalties in the first quarter worth about $208,000. Twin Tree Management LP acquired a new stake in OR Royalties in the 2nd quarter valued at about $245,000. Trexquant Investment LP bought a new position in shares of OR Royalties during the 1st quarter valued at about $248,000. Finally, Cetera Investment Advisers acquired a new position in shares of OR Royalties in the 1st quarter worth approximately $268,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Stock Up 3.2%

Shares of OR Royalties stock opened at $35.83 on Wednesday. OR Royalties Inc. has a 12 month low of $17.55 and a 12 month high of $42.25. The stock has a market cap of $6.73 billion, a PE ratio of 45.35 and a beta of 0.81. The business has a fifty day simple moving average of $34.24 and a 200-day simple moving average of $31.80.

OR Royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. OR Royalties had a return on equity of 10.67% and a net margin of 60.72%.The firm 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. OR Royalties’s payout ratio is presently 27.85%.

Analysts Set New Price Targets

Several analysts recently commented on OR shares. Zacks Research raised shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Raymond James Financial raised OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price objective for the company in a research note on Thursday, November 6th. Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a report on Monday. Scotiabank lowered OR Royalties from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $33.00 to $41.00 in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $38.00 target price on shares of OR Royalties in a report on Sunday, December 7th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $35.75.

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.