OR Royalties Inc. (OR) - What Are Brokerages Saying About This Stock?

Key Points

• Analysts hold a moderately bullish view: OR Royalties has a consensus “Moderate Buy” rating, split evenly between four buy and four hold recommendations, with an average 12-month price target of $41 versus a recent price of $32.79.
• Recent operating results were broadly solid: The company reported quarterly EPS of $0.32, slightly exceeding estimates, on revenue of $97.82 million. Analysts project full-year EPS of $1.27.
• OR maintains shareholder returns and strong institutional backing: Its quarterly dividend implies an annualized payout of $0.26 and a 0.8% yield, while institutional investors and hedge funds own 68.52% of outstanding shares.

OR Royalties Inc. (NYSE:OR - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $41.00.

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

OR Royalties Stock Up 3.0%

Shares of OR opened at $32.79 on Tuesday. The stock has a 50 day moving average price of $35.38 and a 200 day moving average price of $36.66. OR Royalties has a one year low of $27.54 and a one year high of $48.06. 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 stock has a market capitalization of $6.11 billion, a price-to-earnings ratio of 21.86 and a beta of 0.78.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The company had revenue of $97.82 million for the quarter, compared to analysts' expectations of $97.93 million. Equities research analysts forecast that OR Royalties will post 1.27 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Wednesday, September 30th. OR Royalties's dividend payout ratio is presently 16.67%.

Institutional Investors Weigh In On OR Royalties

A number of hedge funds have recently bought and sold shares of OR. Kestra Advisory Services LLC grew its holdings in shares of OR Royalties by 16.8% during the third quarter. Kestra Advisory Services LLC now owns 8,361 shares of the basic materials company's stock worth $287,000 after purchasing an additional 1,201 shares during the last quarter. McAlvany Wealth Management LLC lifted its position in shares of OR Royalties by 15.9% during the 3rd quarter. McAlvany Wealth Management LLC now owns 101,963 shares of the basic materials company's stock valued at $3,501,000 after acquiring an additional 13,993 shares during the period. Fifth Third Wealth Advisors LLC acquired a new stake in shares of OR Royalties during the 3rd quarter valued at approximately $333,000. Axxcess Wealth Management LLC acquired a new stake in shares of OR Royalties during the 3rd quarter valued at approximately $217,000. Finally, Canoe Financial LP boosted its stake in shares of OR Royalties by 50.1% during the 3rd quarter. Canoe Financial LP now owns 119,692 shares of the basic materials company's stock worth $4,063,000 after acquiring an additional 39,960 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

About OR Royalties

OR Royalties Inc NYSE: OR is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.

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