Cetera Investment Advisers Invests $268,000 in OR Royalties Inc. $OR

Key Points

• Cetera Investment Advisers has made a new investment of approximately $268,000 in OR Royalties Inc., acquiring 12,707 shares during the first quarter.
• Analysts have mixed views on OR Royalties, with National Bankshares reaffirming an "outperform" rating while Wall Street Zen downgraded the stock from "buy" to "hold."
• OR Royalties recently declared a quarterly dividend of $0.055 per share, with an annualized yield of 0.7%, to be paid on October 15th.

Cetera Investment Advisers bought a new stake in OR Royalties Inc. (NYSE:OR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,707 shares of the basic materials company's stock, valued at approximately $268,000.

Several other institutional investors and hedge funds have also bought and sold shares of OR. PFG Investments LLC boosted its position in OR Royalties by 2.5% during the 1st quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock valued at $537,000 after buying an additional 613 shares during the period. SeaBridge Investment Advisors LLC boosted its holdings in shares of OR Royalties by 14.8% during the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock worth $327,000 after purchasing an additional 2,000 shares during the period. Geode Capital Management LLC boosted its holdings in shares of OR Royalties by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company's stock worth $1,528,000 after purchasing an additional 2,981 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of OR Royalties by 20.4% during the fourth 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. Finally, Addenda Capital Inc. boosted its holdings in shares of OR Royalties by 10.3% during the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock worth $893,000 after purchasing an additional 3,936 shares during the period. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Stock Up 0.8%

OR Royalties stock traded up $0.2320 on Friday, hitting $30.8820. 739,725 shares of the stock traded hands, compared to its average volume of 798,207. OR Royalties Inc. has a 1 year low of $16.50 and a 1 year high of $31.28. The firm has a market cap of $5.81 billion, a P/E ratio of 83.47 and a beta of 0.71. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The business's fifty day simple moving average is $27.84 and its 200 day simple moving average is $24.02.

OR Royalties (NYSE:OR - Get Free Report) last released its earnings results 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 return on equity of 8.56% and a net margin of 35.25%.The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. As a group, sell-side analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OR. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Scotiabank increased their target price on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Friday. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

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.