Cubist Systematic Strategies LLC Makes New $1.91 Million Investment in OR Royalties Inc. $OR

Key Points

• Cubist Systematic Strategies LLC has acquired a new stake in OR Royalties Inc., purchasing 90,454 shares valued at approximately $1.91 million during the first quarter.
• OR Royalties has received multiple positive ratings from analysts, including a price target increase from Scotiabank, raising it from $26.00 to $28.00.
• The company recently declared a quarterly dividend of $0.055 per share, reflecting a 0.6% yield and a dividend payout ratio of 51.35%.

Cubist Systematic Strategies LLC bought a new stake in OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 90,454 shares of the basic materials company's stock, valued at approximately $1,910,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Trexquant Investment LP acquired a new position in OR Royalties in the 1st quarter valued at about $248,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of OR Royalties in the 1st quarter valued at approximately $737,000. Keeley Teton Advisors LLC raised its stake in shares of OR Royalties by 20.8% in the 1st quarter. Keeley Teton Advisors LLC now owns 262,552 shares of the basic materials company's stock valued at $5,545,000 after acquiring an additional 45,242 shares during the period. Anson Funds Management LP purchased a new stake in shares of OR Royalties in the 1st quarter valued at approximately $1,657,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of OR Royalties in the 1st quarter valued at approximately $2,684,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Stock Up 0.2%

OR traded up $0.07 during trading hours on Friday, hitting $35.96. 1,131,348 shares of the company's stock were exchanged, compared to its average volume of 789,308. OR Royalties Inc. has a 12-month low of $17.55 and a 12-month high of $36.20. The firm has a 50 day moving average of $30.09 and a 200 day moving average of $25.41. The firm has a market cap of $6.77 billion, a P/E ratio of 97.19 and a beta of 0.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $83.25 million. Analysts predict that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders 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 yield of 0.6%. The ex-dividend date is Tuesday, September 30th. OR Royalties's payout ratio is 51.35%.

Wall Street Analysts Forecast Growth

OR has been the topic of a number of research analyst reports. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Raymond James Financial boosted their price target on shares of OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday. CIBC reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Scotiabank boosted their price target on shares of 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 issued a Hold rating to the stock. According to MarketBeat, OR Royalties has a consensus rating of "Moderate Buy" and an average target price of $27.25.

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.