Bessemer Group Inc. Purchases 33,500 Shares of OR Royalties Inc. (NYSE:OR)

Bessemer Group Inc. lifted its position in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 155.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,100 shares of the basic materials company's stock after purchasing an additional 33,500 shares during the period. Bessemer Group Inc.'s holdings in OR Royalties were worth $1,164,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OR. Vanguard Group Inc. grew its stake in OR Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock worth $130,529,000 after buying an additional 128,099 shares in the last quarter. FMR LLC increased its holdings in shares of OR Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after buying an additional 1,128,969 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of OR Royalties by 352.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after buying an additional 3,194,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of OR Royalties in the 4th quarter worth $60,364,000. Finally, Tidal Investments LLC bought a new position in shares of OR Royalties in the 4th quarter worth $34,209,000. 68.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OR shares. Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Scotiabank raised shares of OR Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank Of Canada cut their price objective on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $23.00.

OR Royalties Price Performance

Shares of NYSE:OR opened at $25.03 on Monday. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.98 and a quick ratio of 4.98. OR Royalties Inc. has a 1-year low of $15.40 and a 1-year high of $27.60. The company has a market capitalization of $4.70 billion, a P/E ratio of 147.24 and a beta of 0.76. The firm's 50 day simple moving average is $24.80 and its two-hundred day simple moving average is $21.33.

OR Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. The firm had revenue of $54.92 million for the quarter, compared to the consensus estimate of $79.63 million. Research analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.88%. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. OR Royalties's dividend payout ratio is presently 105.88%.

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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