OR Royalties Inc. (NYSE:OR) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts collectively rate OR Royalties “Hold.” Among nine firms, ratings include one sell, four holds, three buys and one strong buy, with an average 12-month price target of $40.50.
• Recent analyst actions have generally been cautious, with several firms downgrading the stock or reducing price targets, including Jefferies to $34 and Scotiabank to $42.
• OR Royalties slightly exceeded quarterly earnings expectations, reporting $0.32 in EPS versus $0.31 expected, and declared a quarterly dividend of $0.065 per share, equivalent to a 0.7% yield.

OR Royalties Inc. (NYSE:OR - Get Free Report) has earned an average rating of "Hold" from the nine research firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.50.

A number of equities research analysts have issued reports on the company. Zacks Research lowered OR Royalties from a "hold" rating to a "strong sell" rating in a research note on Monday, July 13th. Jefferies Financial Group dropped their price objective on OR Royalties from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Monday, July 6th. Weiss Ratings cut OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 24th. Wall Street Zen downgraded OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Finally, Scotiabank lowered their price target on OR Royalties from $51.00 to $42.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th.

Hedge Funds Weigh In On OR Royalties

Hedge funds and other institutional investors have recently modified their holdings of the stock. State of Wyoming bought a new stake in OR Royalties in the 1st quarter valued at $28,000. FIL Ltd bought a new position in shares of OR Royalties during the 4th quarter valued at about $29,000. Banque Cantonale Vaudoise bought a new position in shares of OR Royalties during the 1st quarter valued at about $37,000. Grove Bank & Trust purchased a new position in shares of OR Royalties during the second quarter valued at about $32,000. Finally, Allworth Financial LP grew its position in shares of OR Royalties by 20.0% during 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. Institutional investors own 68.52% of the company's stock.

OR Royalties Price Performance

NYSE OR opened at $35.97 on Monday. OR Royalties has a 12 month low of $27.54 and a 12 month high of $48.06. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 23.98 and a beta of 0.80. The company's 50 day moving average is $32.85 and its two-hundred day moving average is $36.01. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14.

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

OR Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is presently 16.67%.

OR Royalties Company Profile

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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