12,707 Shares in OR Royalties Inc. $OR Acquired by Cetera Investment Advisers

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 acquired a new stake in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,707 shares of the basic materials company's stock, valued at approximately $268,000.

A number of other hedge funds have also made changes to their positions in OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OR Royalties during the 4th quarter valued at approximately $60,364,000. Tidal Investments LLC bought a new stake in OR Royalties during the 4th quarter valued at approximately $34,209,000. Genus Capital Management Inc. boosted its stake in OR Royalties by 203.3% during the 1st quarter. Genus Capital Management Inc. now owns 105,800 shares of the basic materials company's stock valued at $2,233,000 after purchasing an additional 208,230 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in OR Royalties by 37.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 578,405 shares of the basic materials company's stock valued at $10,469,000 after purchasing an additional 157,943 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in OR Royalties during the 4th quarter valued at approximately $2,587,000. Institutional investors and hedge funds own 68.52% of the company's stock.

OR Royalties Price Performance

Shares of OR Royalties stock traded up $0.27 during midday trading on Tuesday, hitting $31.05. 761,441 shares of the company were exchanged, compared to its average volume of 795,873. 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 firm has a market cap of $5.84 billion, a P/E ratio of 83.93 and a beta of 0.71. OR Royalties Inc. has a 52 week low of $16.50 and a 52 week high of $31.29. The firm has a 50 day simple moving average of $28.03 and a 200-day simple moving average of $24.17.

OR Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company 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%. Research analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given 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 51.35%.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Scotiabank increased their target price 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. CIBC reiterated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Finally, National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.