OR Royalties Inc. (NYSE:OR) Stock Has Consensus Target Price of $41.00

Key Points

• OR Royalties has a “Moderate Buy” consensus rating from nine analysts, with five holds, three buys and one strong buy. The average 12-month price target is $41.00 versus a recent share price of $34.13.
• Recent analyst views were mixed: Jefferies and Scotiabank lowered their price targets, while Royal Bank of Canada raised its target to $47 and maintained an “outperform” rating.
• The company exceeded quarterly earnings expectations with EPS of $0.32 versus $0.31 expected and declared a quarterly dividend of $0.065 per share, representing a 0.8% annualized yield.

OR Royalties Inc. (NYSE:OR - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the nine analysts that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $41.00.

OR has been the subject of several analyst reports. Jefferies Financial Group decreased their price objective on shares of OR Royalties from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Monday, July 6th. Scotiabank cut their target price on OR Royalties from $51.00 to $42.00 and set a "sector perform" rating on the stock in a research note on Tuesday, July 14th. Weiss Ratings downgraded OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, July 24th. Zacks Research raised OR Royalties from a "strong sell" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada raised their price target on OR Royalties from $45.00 to $47.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 16th.

OR Royalties Stock Up 0.6%

Shares of OR opened at $34.13 on Friday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $35.13 and a 200 day moving average of $35.07. The company has a market cap of $6.36 billion, a PE ratio of 22.76 and a beta of 0.78. OR Royalties has a 52-week low of $27.54 and a 52-week high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data 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. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The business had revenue of $97.82 million for the quarter, compared to analysts' expectations of $97.93 million. On average, sell-side analysts expect that OR Royalties will post 1.25 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Wednesday, September 30th. OR Royalties's dividend payout ratio (DPR) is 17.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OR. State of Wyoming bought a new position in OR Royalties in the 1st quarter worth about $28,000. Grove Bank & Trust bought a new stake in shares of OR Royalties during the second quarter valued at approximately $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of OR Royalties in the first quarter valued at approximately $37,000. CoreCap Advisors LLC boosted its holdings in shares of OR Royalties by 52.9% in the third quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 400 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of OR Royalties by 94.8% in the first quarter. EverSource Wealth Advisors LLC now owns 4,539 shares of the basic materials company's stock valued at $173,000 after purchasing an additional 2,209 shares during the period. 68.52% of the stock is currently owned by institutional investors.

About OR Royalties

OR Royalties Inc is a precious-metals royalty and streaming company headquartered in Montreal, Quebec. The company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from mining projects, allowing it to gain exposure to mineral production without directly operating mines.

The company's portfolio is primarily focused on gold and includes royalties, streams, offtakes and other interests in a range of development, construction and producing assets.

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