Anson Funds Management LP Acquires New Holdings in OR Royalties Inc. $OR

Key Points

• Anson Funds Management LP invested approximately $1.66 million in OR Royalties Inc., acquiring 78,500 shares in the first quarter.
• Institutional investors own 68.52% of OR Royalties Inc.'s stock, with significant purchases from firms like Bessemer Group and Deutsche Bank AG.
• OR Royalties reported a quarterly earnings miss with an EPS of $0.13, below the expected $0.17, and will pay a quarterly dividend of $0.055 on October 15th.

Anson Funds Management LP purchased a new position in OR Royalties Inc. (NYSE:OR - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 78,500 shares of the basic materials company's stock, valued at approximately $1,657,000.

A number of other hedge funds have also recently made changes to their positions in the stock. PFG Investments LLC boosted its position in shares of OR Royalties by 2.5% in the 1st quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock worth $537,000 after purchasing an additional 613 shares in the last quarter. SeaBridge Investment Advisors LLC raised its holdings in OR Royalties by 14.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock worth $327,000 after acquiring an additional 2,000 shares during the last quarter. Plato Investment Management Ltd purchased a new position in OR Royalties in the 1st quarter worth approximately $56,000. Summit Securities Group LLC purchased a new position in OR Royalties in the 1st quarter worth approximately $62,000. Finally, Addenda Capital Inc. raised its holdings in OR Royalties by 10.3% in the 1st quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock worth $893,000 after acquiring an additional 3,936 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

OR Royalties Price Performance

Shares of NYSE OR traded down $1.36 during mid-day trading on Tuesday, hitting $35.56. 611,025 shares of the company's stock traded hands, compared to its average volume of 866,811. The company's 50-day moving average is $30.29 and its two-hundred day moving average is $25.64. 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 capitalization of $6.69 billion, a P/E ratio of 96.22 and a beta of 0.72. OR Royalties Inc. has a 1 year low of $17.55 and a 1 year high of $37.27.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results 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). The business had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. On average, equities analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

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