36,166 Shares in OR Royalties Inc. (NYSE:OR) Acquired by Aigen Investment Management LP

Key Points

• Aigen Investment Management LP has made a new investment of $764,000 in OR Royalties Inc., acquiring 36,166 shares during the first quarter.
• Street analysts currently have a mixed outlook on OR Royalties, with three holding a "hold" rating and six giving a "buy" rating, resulting in an average price target of $24.33.
• OR Royalties announced a quarterly dividend of $0.055 per share, which will be paid on October 15, reflecting an annualized dividend of $0.22 and a yield of 0.7%.

Aigen Investment Management LP purchased a new stake in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 36,166 shares of the basic materials company's stock, valued at approximately $764,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in OR Royalties by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company's stock valued at $153,041,000 after purchasing an additional 43,417 shares during the last quarter. FMR LLC lifted its position in shares of OR Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock valued at $101,659,000 after buying an additional 1,128,969 shares during the last quarter. Mackenzie Financial Corp lifted its position in shares of 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 buying an additional 1,728,760 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OR Royalties in the fourth quarter valued at approximately $60,364,000. Finally, Tidal Investments LLC acquired a new stake in shares of OR Royalties in the fourth quarter valued at approximately $34,209,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

OR has been the topic of a number of recent research reports. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Wall Street Zen lowered OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Scotiabank increased their target price on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research note on Monday, July 7th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, OR Royalties currently has an average rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Price Performance

OR Royalties stock traded down $0.15 during mid-day trading on Thursday, reaching $30.66. 1,018,363 shares of the company were exchanged, compared to its average volume of 864,570. The company has a fifty day simple moving average of $27.32 and a 200-day simple moving average of $23.50. OR Royalties Inc. has a 12 month low of $16.50 and a 12 month high of $31.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The firm has a market cap of $5.77 billion, a PE ratio of 82.87 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. As a group, equities research 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 announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio is presently 51.35%.

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.