Cormark Has Positive Outlook of OR Royalties FY2025 Earnings

Key Points

• Cormark has raised its FY2025 earnings estimate for OR Royalties to $0.77 per share, up from a previous estimate of $0.74, while the consensus estimate stands at $0.62.
• Despite missing quarterly earnings expectations with $0.13 EPS against the consensus of $0.17, OR Royalties reported a net margin of 35.25% and maintains a strong financial position.
• The company has announced a quarterly dividend of $0.055, reflecting an annualized yield of 0.7%, with the ex-dividend date set for September 30th.

OR Royalties Inc. (NYSE:OR - Free Report) - Research analysts at Cormark increased their FY2025 earnings estimates for shares of OR Royalties in a research note issued to investors on Thursday, August 7th. Cormark analyst N. Dion now expects that the basic materials company will earn $0.77 per share for the year, up from their previous forecast of $0.74. The consensus estimate for OR Royalties' current full-year earnings is $0.62 per share. Cormark also issued estimates for OR Royalties' FY2026 earnings at $0.79 EPS.

A number of other analysts have also recently weighed in on OR. Scotiabank boosted their price objective on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research note on Monday, July 7th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Wall Street Zen lowered OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, OR Royalties currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Price Performance

OR Royalties stock traded up $0.10 during trading hours on Friday, hitting $30.46. 924,919 shares of the company traded hands, compared to its average volume of 823,268. The firm has a market cap of $5.73 billion, a P/E ratio of 54.30 and a beta of 0.71. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm's 50-day simple moving average is $27.01 and its two-hundred day simple moving average is $23.23. OR Royalties has a 1-year low of $16.11 and a 1-year high of $30.76.

OR Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million.

OR Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio is 51.35%.

Hedge Funds Weigh In On OR Royalties

Large investors have recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of OR Royalties in the 1st quarter valued at $56,000. Summit Securities Group LLC acquired a new position in OR Royalties in the first quarter valued at about $62,000. Employees Retirement System of Texas bought a new stake in shares of OR Royalties in the fourth quarter worth about $131,000. Hsbc Holdings PLC bought a new stake in shares of OR Royalties in the first quarter worth about $208,000. Finally, Franklin Resources Inc. lifted its holdings in shares of OR Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 534 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

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.