OR Royalties (NYSE:OR) Upgraded to Hold at Zacks Research

Key Points

• Zacks Research upgraded OR Royalties from “strong sell” to “hold,” while other analysts have mostly issued hold ratings or reduced price targets. Despite the mixed outlook, the consensus rating remains “Moderate Buy” with an average target of $40.50.
• OR Royalties reported quarterly EPS of $0.32, edging past the $0.31 consensus estimate, while revenue reached $97.82 million. The company posted a 78.04% net margin and analysts expect full-year EPS of $1.25.
• The stock opened at $35.54, near its 200-day moving average of $35.87, with a market capitalization of $6.62 billion. Hedge funds and other institutional investors own approximately 68.52% of outstanding shares.

OR Royalties (NYSE:OR - Get Free Report) was upgraded by stock analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Monday, Zacks reports.

Other equities analysts have also issued reports about the company. Weiss Ratings lowered OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 24th. Jefferies Financial Group lowered their target price on OR Royalties from $40.00 to $34.00 and set a "hold" rating on the stock in a research note on Monday, July 6th. Wall Street Zen cut OR Royalties from a "buy" rating to a "hold" rating in a research report on Saturday, June 6th. Scotiabank dropped their price target on OR Royalties from $51.00 to $42.00 and set a "sector perform" rating on the stock in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada cut their price target on OR Royalties from $50.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, July 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.50.

OR Royalties Price Performance

Shares of NYSE:OR opened at $35.54 on Monday. The company's 50-day moving average is $33.05 and its 200 day moving average is $35.87. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $6.62 billion, a P/E ratio of 23.69 and a beta of 0.80. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. On average, equities research analysts forecast that OR Royalties will post 1.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming purchased a new position in shares of OR Royalties during the 1st quarter valued at $28,000. Banque Cantonale Vaudoise bought a new stake in shares of OR Royalties during the 1st quarter valued at about $37,000. Grove Bank & Trust bought a new position in shares of OR Royalties in the second quarter worth approximately $32,000. Allworth Financial LP raised its stake in OR Royalties by 20.0% in the fourth quarter. Allworth Financial LP now owns 2,305 shares of the basic materials company's stock valued at $82,000 after purchasing an additional 384 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in OR Royalties by 94.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,539 shares of the basic materials company's stock worth $173,000 after buying an additional 2,209 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

About OR Royalties

OR Royalties Inc NYSE: OR is a precious metals royalty and streaming company that provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from their projects. Its portfolio is primarily focused on gold, silver and other metals, allowing the company to participate in mining output without directly operating mines.

The company's business includes royalty interests, streams, offtake agreements and other investments linked to producing, developing and exploration-stage mining projects.

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