Edmond DE Rothschild Holding S.A. Acquires 14,981 Shares of OR Royalties Inc. $OR

Key Points

• Edmond DE Rothschild Holding S.A. increased its stake in OR Royalties Inc. by 16.8% by acquiring an additional 14,981 shares, bringing its total holdings to 104,001 shares.
• OR Royalties reported earnings of $0.13 per share, missing the consensus estimate by $0.04, with revenues of $60.36 million, significantly below expectations of $83.25 million.
• The company has announced a quarterly dividend of $0.055 to be paid on October 15th, representing an annualized yield of 0.7%.

Edmond DE Rothschild Holding S.A. boosted its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 16.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,001 shares of the basic materials company's stock after purchasing an additional 14,981 shares during the quarter. Edmond DE Rothschild Holding S.A. owned approximately 0.06% of OR Royalties worth $2,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Summit Securities Group LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth approximately $62,000. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties during the 4th quarter worth approximately $131,000. Hsbc Holdings PLC purchased a new stake in shares of OR Royalties during the 1st quarter worth approximately $208,000. Autumn Glory Partners LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth approximately $232,000. Finally, Trexquant Investment LP purchased a new stake in shares of OR Royalties during the 1st quarter worth approximately $248,000. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Stock Up 0.5%

NYSE OR opened at $33.48 on Friday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The company has a fifty day moving average of $28.94 and a two-hundred day moving average of $24.74. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 90.50 and a beta of 0.72. OR Royalties Inc. has a 52 week low of $16.50 and a 52 week high of $33.56.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. On average, analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

The firm 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 dividend on an annualized basis and a yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is presently 51.35%.

Wall Street Analysts Forecast Growth

OR has been the topic of several recent research reports. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Scotiabank upped their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Finally, National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, OR Royalties has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

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.

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