78,500 Shares in OR Royalties Inc. $OR Acquired by Anson Funds Management LP

Key Points

• Anson Funds Management LP has acquired 78,500 shares in OR Royalties Inc., valued at approximately $1,657,000, indicating institutional interest in the company during the 1st quarter.
• Several other institutional investors have also increased their stakes, including Vanguard Group Inc. and T. Rowe Price Investment Management, highlighting strong investor confidence.
• OR Royalties recently announced a quarterly dividend of $0.055, set to be paid on October 15th, which represents a 0.7% dividend yield and a payout ratio of 51.35%.

Anson Funds Management LP acquired a new stake in OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 78,500 shares of the basic materials company's stock, valued at approximately $1,657,000.

A number of other institutional investors have also recently bought and sold shares of OR. Vanguard Group Inc. raised its position in shares of OR Royalties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company's stock valued at $153,041,000 after acquiring an additional 43,417 shares during the last quarter. Mackenzie Financial Corp increased its holdings in OR Royalties by 52.2% in the first quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock valued at $106,382,000 after purchasing an additional 1,728,760 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in OR Royalties by 116.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock valued at $101,181,000 after purchasing an additional 2,574,458 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OR Royalties in the fourth quarter valued at about $60,364,000. Finally, Tidal Investments LLC bought a new position in OR Royalties during the fourth quarter worth about $34,209,000. Institutional investors and hedge funds own 68.52% of the company's stock.

OR Royalties Stock Performance

Shares of OR stock opened at $30.8820 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. OR Royalties Inc. has a 52 week low of $16.50 and a 52 week high of $31.28. The company's 50 day moving average price is $27.84 and its two-hundred day moving average price is $24.02. The company has a market capitalization of $5.81 billion, a P/E ratio of 83.47 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). OR Royalties had a return on equity of 8.56% and a net margin of 35.25%.The company had revenue of $60.36 million for the quarter, compared to the consensus estimate of $83.25 million. On average, analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Scotiabank boosted their target price on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Finally, CIBC reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, OR Royalties has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

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.

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