Campbell & CO Investment Adviser LLC Buys Shares of 127,060 OR Royalties Inc. $OR

Key Points

• Campbell & CO Investment Adviser LLC invested approximately $2.68 million in OR Royalties Inc., acquiring 127,060 shares, which represents about 0.07% ownership in the company.
• Institutional investors own 68.52% of OR Royalties, with significant position increases from firms like Deutsche Bank AG, which raised its stake by 629.2% in the fourth quarter.
• OR Royalties plans to issue a quarterly dividend of $0.055 on October 15th, reflecting an annualized dividend yield of 0.7% and a payout ratio of 51.35%.

Campbell & CO Investment Adviser LLC bought a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 127,060 shares of the basic materials company's stock, valued at approximately $2,684,000. Campbell & CO Investment Adviser LLC owned 0.07% of OR Royalties at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in OR Royalties during the first quarter worth approximately $62,000. Employees Retirement System of Texas acquired a new stake in OR Royalties during the fourth quarter worth approximately $131,000. Hsbc Holdings PLC acquired a new stake in OR Royalties during the first quarter worth approximately $208,000. Autumn Glory Partners LLC acquired a new stake in OR Royalties during the first quarter worth approximately $232,000. Finally, Cetera Investment Advisers acquired a new stake in OR Royalties during the first quarter worth approximately $268,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Analyst Ratings Changes

OR has been the subject of several recent analyst reports. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Scotiabank raised their price objective 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

OR Royalties Stock Up 2.9%

Shares of OR stock traded up $0.91 during trading hours on Friday, reaching $32.14. The company had a trading volume of 431,793 shares, compared to its average volume of 849,444. OR Royalties Inc. has a 12 month low of $16.50 and a 12 month high of $32.19. 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 business has a fifty day simple moving average of $28.24 and a 200-day simple moving average of $24.30. The company has a market cap of $6.05 billion, a price-to-earnings ratio of 86.87 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $60.36 million for the quarter, compared to the consensus estimate 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 expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. OR Royalties's payout ratio is presently 51.35%.

About OR Royalties

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.