Amundi Grows Holdings in OR Royalties Inc. $OR

Amundi lifted its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 24.6% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,083,434 shares of the basic materials company's stock after purchasing an additional 213,939 shares during the period. Amundi owned approximately 0.58% of OR Royalties worth $22,730,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of OR Royalties in the first quarter valued at approximately $62,000. Employees Retirement System of Texas acquired a new position in shares of OR Royalties in the fourth quarter valued at approximately $131,000. Hsbc Holdings PLC acquired a new position in shares of OR Royalties in the first quarter valued at approximately $208,000. Autumn Glory Partners LLC acquired a new position in OR Royalties during the 1st quarter worth approximately $232,000. Finally, Trexquant Investment LP acquired a new position in OR Royalties during the 1st quarter worth approximately $248,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Analysts Set New Price Targets

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

OR Royalties Stock Up 2.7%

Shares of NYSE:OR traded up $0.95 during trading on Wednesday, hitting $35.56. 1,045,117 shares of the company were exchanged, compared to its average volume of 794,307. The stock has a market capitalization of $6.69 billion, a P/E ratio of 96.11 and a beta of 0.72. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. OR Royalties Inc. has a 12-month low of $16.90 and a 12-month high of $35.62. The firm's 50 day moving average price is $29.70 and its 200-day moving average price is $25.17.

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 for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. On average, research analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.6%. OR Royalties's dividend payout ratio is 51.35%.

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.