OR Royalties Inc. (NYSE:OR) Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. lifted its position in OR Royalties Inc. (NYSE:OR - Free Report) by 155.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,100 shares of the basic materials company's stock after acquiring an additional 33,500 shares during the period. Bessemer Group Inc.'s holdings in OR Royalties were worth $1,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in shares of OR Royalties during the fourth quarter valued at about $57,000. JPMorgan Chase & Co. boosted its position in shares of OR Royalties by 20.4% during the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock worth $369,000 after purchasing an additional 3,455 shares during the period. Vanguard Group Inc. increased its holdings 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 valued at $130,529,000 after purchasing an additional 128,099 shares during the last quarter. Deutsche Bank AG raised its position in OR Royalties by 629.2% in the fourth quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 68,668 shares during the period. Finally, Two Sigma Investments LP lifted its stake in OR Royalties by 78.3% during the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock worth $1,220,000 after purchasing an additional 29,606 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently weighed in on OR. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Friday, April 4th. Scotiabank upgraded OR Royalties from a "sector perform" rating to a "sector outperform" rating and increased 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 lowered their target price on 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 given a buy rating to the company's stock. According to MarketBeat.com, OR Royalties presently has an average rating of "Moderate Buy" and an average price target of $23.00.

OR Royalties Price Performance

Shares of OR stock traded up $0.44 during mid-day trading on Thursday, reaching $26.03. The stock had a trading volume of 294,898 shares, compared to its average volume of 732,820. The company has a market cap of $4.89 billion, a P/E ratio of 153.12 and a beta of 0.75. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06. OR Royalties Inc. has a 12-month low of $15.72 and a 12-month high of $27.60. The business has a 50-day simple moving average of $24.95 and a 200 day simple moving average of $21.43.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. On average, sell-side analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.055 per share. This is a boost from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.85%. OR Royalties's dividend payout ratio (DPR) is 111.76%.

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.