Scotiabank Predicts OR Royalties' FY2027 Earnings (NYSE:OR)

Key Points

• Scotiabank nearly doubled its FY2027 EPS forecast for OR Royalties to $2.40 from $1.21, while maintaining a Sector Perform rating and a $42 price target.
• OR Royalties reported quarterly EPS of $0.32, beating the $0.31 estimate by one cent; revenue of $97.82 million came in slightly below expectations.
• Analyst sentiment is mixed: the stock has an average Hold rating and a $41 consensus price target, with three Buy ratings and four Holds.

OR Royalties Inc. (NYSE:OR - Free Report) - Stock analysts at Scotiabank upped their FY2027 earnings per share (EPS) estimates for OR Royalties in a research note issued on Monday, November 2nd. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $2.40 for the year, up from their prior forecast of $1.21. Scotiabank currently has a "Sector Perform" rating and a $42.00 price target on the stock. The consensus estimate for OR Royalties' current full-year earnings is $1.29 per share.

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 for the quarter, beating the consensus estimate of $0.31 by $0.01. The company had revenue of $97.82 million for the quarter, compared to the consensus estimate of $97.93 million. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%.

A number of other research firms have also weighed in on OR. Weiss Ratings upgraded shares of OR Royalties from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, October 29th. Royal Bank Of Canada boosted 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. Finally, Zacks Research upgraded shares of OR Royalties from a "strong sell" rating to a "hold" rating in a research report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, OR Royalties presently has an average rating of "Hold" and a consensus price target of $41.00.

OR Royalties Trading Up 1.9%

NYSE:OR opened at $35.16 on Friday. OR Royalties has a 12-month low of $27.54 and a 12-month high of $48.06. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14. The stock's 50 day simple moving average is $35.12 and its 200-day simple moving average is $36.56. The firm has a market cap of $6.55 billion, a P/E ratio of 23.44 and a beta of 0.76.

Institutional Investors Weigh In On OR Royalties

A number of institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in shares of OR Royalties in the first quarter valued at about $28,000. Grove Bank & Trust acquired a new position in OR Royalties during the second quarter worth about $32,000. CoreCap Advisors LLC grew its position in OR Royalties by 52.9% during the third quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company's stock worth $40,000 after buying an additional 400 shares during the period. Fortitude Family Office LLC acquired a new position in OR Royalties during the third quarter worth about $144,000. Finally, EverSource Wealth Advisors LLC increased its holdings in 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 buying an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors 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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