11,000 Shares in OR Royalties Inc. (NYSE:OR) Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC purchased a new position in OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,000 shares of the basic materials company's stock, valued at approximately $232,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Louisbourg Investments Inc. grew its stake in OR Royalties by 78.5% in the first quarter. Louisbourg Investments Inc. now owns 279,555 shares of the basic materials company's stock worth $5,906,000 after purchasing an additional 122,918 shares during the period. Addenda Capital Inc. grew its stake in OR Royalties by 10.3% in the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock worth $893,000 after purchasing an additional 3,936 shares during the period. PKO Investment Management Joint Stock Co purchased a new stake in shares of OR Royalties in the fourth quarter worth $1,409,000. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties in the fourth quarter worth $131,000. Finally, Polar Asset Management Partners Inc. grew its stake in shares of OR Royalties by 22.8% in the fourth quarter. Polar Asset Management Partners Inc. now owns 49,461 shares of the basic materials company's stock worth $895,000 after acquiring an additional 9,183 shares during the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

OR Royalties Trading Down 0.6%

Shares of NYSE:OR opened at $25.98 on Thursday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 152.79 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.98 and a current ratio of 4.98. The stock's 50-day simple moving average is $24.43 and its two-hundred day simple moving average is $21.01. OR Royalties Inc. has a 52-week low of $15.12 and a 52-week high of $27.60.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. Analysts expect that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.055 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.85%. This is an increase from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio (DPR) is 105.88%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OR shares. Royal Bank Of Canada cut their target price on OR Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Raymond James Financial reissued an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Wednesday, April 23rd. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Finally, Scotiabank raised OR Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $22.00 to $24.00 in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $23.00.

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.

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