Amundi Increases Stake in OR Royalties Inc. $OR

Key Points

• Amundi increased its stake in OR Royalties Inc. by 24.6%, owning over 1 million shares valued at approximately $22.73 million as per its latest SEC filing.
• The company reported earnings miss, with an EPS of $0.13 for the last quarter, falling short of estimates of $0.17, alongside a revenue of $60.36 million against expectations of $83.25 million.
• OR Royalties declared a quarterly dividend of $0.055 per share, set to be paid on October 15th, with a payout ratio currently at 51.35%.

Amundi grew its stake in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 24.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,083,434 shares of the basic materials company's stock after acquiring an additional 213,939 shares during the quarter. Amundi owned about 0.58% of OR Royalties worth $22,730,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Elliott Investment Management L.P. bought a new stake in shares of OR Royalties during the 1st quarter valued at about $46,045,000. Cubist Systematic Strategies LLC bought a new stake in shares of OR Royalties during the 1st quarter valued at about $1,910,000. Trexquant Investment LP bought a new stake in shares of OR Royalties during the 1st quarter valued at about $248,000. OMERS ADMINISTRATION Corp bought a new stake in shares of OR Royalties during the 1st quarter valued at about $737,000. Finally, Keeley Teton Advisors LLC grew its stake in shares of OR Royalties by 20.8% during the 1st quarter. Keeley Teton Advisors LLC now owns 262,552 shares of the basic materials company's stock valued at $5,545,000 after purchasing an additional 45,242 shares during the period. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Stock Performance

Shares of OR stock traded up $0.07 during trading hours on Friday, reaching $35.96. 1,131,348 shares of the company traded hands, compared to its average volume of 789,308. OR Royalties Inc. has a 12-month low of $17.55 and a 12-month high of $36.20. 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 company has a market cap of $6.77 billion, a P/E ratio of 97.19 and a beta of 0.72. The firm has a 50-day moving average price of $30.09 and a 200 day moving average price of $25.46.

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

OR Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio (DPR) is 51.35%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wall Street Zen downgraded OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday. Raymond James Financial boosted their price target on OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday. Scotiabank boosted their price target on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research note on Monday, July 7th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Finally, CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, OR Royalties has a consensus rating of "Moderate Buy" and a consensus target price of $27.25.

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.