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

Autumn Glory Partners LLC acquired a new stake in OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 11,000 shares of the basic materials company's stock, valued at approximately $232,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in OR Royalties in the 4th quarter valued at $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in OR Royalties in the 4th quarter valued at $72,000. Northwest & Ethical Investments L.P. grew its holdings in OR Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas purchased a new stake in OR Royalties in the 4th quarter valued at $1,306,000. Finally, Franklin Resources Inc. grew its holdings in OR Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after buying an additional 534 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Trading Down 0.9%

Shares of NYSE OR traded down $0.25 during mid-day trading on Friday, reaching $25.75. 2,041,085 shares of the company's stock were exchanged, compared to its average volume of 741,008. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 151.49 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. OR Royalties Inc. has a 52-week low of $15.12 and a 52-week high of $27.60. The company's 50-day moving average is $24.58 and its 200-day moving average is $21.11.

OR Royalties (NYSE:OR - Get Free Report) last posted 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 firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. Analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.055 per share. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.22 annualized dividend and a yield of 0.85%. OR Royalties's dividend payout ratio is presently 105.88%.

Analyst Ratings Changes

Several analysts have issued reports on the company. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Royal Bank Of Canada dropped their target price on OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Raymond James Financial reiterated an "outperform" rating on shares of OR Royalties in a report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a report on Wednesday, April 23rd. Finally, Scotiabank upgraded OR Royalties from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.00.

About OR Royalties

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.