142,511 Shares in OR Royalties Inc. $OR Bought by Jump Financial LLC

Key Points

• Jump Financial LLC acquired 142,511 shares in OR Royalties Inc., representing a stake valued at approximately $3,010,000.
• A number of hedge funds, including JPMorgan Chase & Co. and Geode Capital Management LLC, have recently increased their stakes in OR Royalties, indicating growing institutional interest in the company.
• The company reported earnings of $0.13 per share for the last quarter, missing the consensus estimate, and is expected to pay a dividend of $0.055 per share on October 15th, contributing to a 0.7% dividend yield.

Jump Financial LLC acquired a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 142,511 shares of the basic materials company's stock, valued at approximately $3,010,000. Jump Financial LLC owned 0.08% of OR Royalties as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of OR. JPMorgan Chase & Co. raised its stake in OR Royalties by 20.4% during the fourth quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock worth $369,000 after acquiring an additional 3,455 shares during the period. Geode Capital Management LLC raised its stake in OR Royalties by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company's stock worth $1,528,000 after acquiring an additional 2,981 shares during the period. Raymond James Financial Inc. acquired a new stake in OR Royalties during the fourth quarter worth about $2,587,000. Mariner LLC raised its stake in OR Royalties by 36.1% during the fourth quarter. Mariner LLC now owns 15,816 shares of the basic materials company's stock worth $286,000 after acquiring an additional 4,197 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in OR Royalties by 1.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 872,588 shares of the basic materials company's stock worth $15,794,000 after acquiring an additional 11,088 shares during the period. Institutional investors and hedge funds own 68.52% of the company's stock.

Analysts Set New Price Targets

OR has been the subject of several recent analyst reports. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Scotiabank upped their target price on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Finally, CIBC restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, OR Royalties has a consensus rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Trading Up 2.9%

NYSE:OR traded up $0.91 during trading hours on Friday, hitting $32.14. The stock had a trading volume of 738,642 shares, compared to its average volume of 792,047. OR Royalties Inc. has a one year low of $16.50 and a one year high of $32.20. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 86.87 and a beta of 0.71. The business's 50 day moving average is $28.36 and its 200-day moving average is $24.41.

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 the consensus estimate of $0.17 by ($0.04). The firm had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Sell-side analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, September 30th. OR Royalties's dividend payout ratio is 56.76%.

OR Royalties 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.