Edmond DE Rothschild Holding S.A. Has $2.20 Million Holdings in 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. increased its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 16.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 0.06% of OR Royalties worth $2,199,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. PFG Investments LLC raised its holdings in shares of OR Royalties by 2.5% during the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock valued at $537,000 after acquiring an additional 613 shares during the period. SeaBridge Investment Advisors LLC increased its stake in OR Royalties by 14.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock valued at $327,000 after buying an additional 2,000 shares during the period. Summit Securities Group LLC bought a new stake in OR Royalties in the first quarter worth approximately $62,000. Addenda Capital Inc. grew its position in OR Royalties by 10.3% in the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock worth $893,000 after acquiring an additional 3,936 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in OR Royalties by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 352,255 shares of the basic materials company's stock worth $7,433,000 after acquiring an additional 4,212 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Scotiabank boosted their target price on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, OR Royalties presently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Stock Performance

Shares of NYSE OR traded up $0.53 during trading hours on Wednesday, hitting $35.14. 280,071 shares of the stock were exchanged, compared to its average volume of 857,649. The firm has a market capitalization of $6.61 billion, a P/E ratio of 94.98 and a beta of 0.72. OR Royalties Inc. has a one year low of $16.90 and a one year high of $35.44. The company's 50 day moving average is $29.50 and its 200 day moving average is $25.10. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73.

OR Royalties (NYSE:OR - Get Free Report) last released 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 analyst estimates of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. On average, research analysts expect that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

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 paid 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 dividend 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.