OR Royalties Inc. (NYSE:OR) Shares Acquired by Fiera Capital Corp

Key Points

• Fiera Capital Corp increased its stake in OR Royalties Inc. by 9.3%, acquiring an additional 52,380 shares, bringing its total ownership to 616,765 shares valued at approximately $13 million.
• Several institutional investors, including Franklin Resources Inc. and SeaBridge Investment Advisors LLC, also increased their holdings in OR Royalties, contributing to a total institutional ownership of 68.52%.
• Scotiabank upgraded its target price for OR Royalties from $26.00 to $28.00, reflecting a positive outlook as three research analysts categorized the stock with a consensus rating of "Moderate Buy."

Fiera Capital Corp increased its position in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 9.3% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 616,765 shares of the basic materials company's stock after purchasing an additional 52,380 shares during the quarter. Fiera Capital Corp owned approximately 0.33% of OR Royalties worth $13,029,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in the company. Franklin Resources Inc. increased its position in shares of OR Royalties by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after purchasing an additional 534 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of OR Royalties by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock worth $521,000 after purchasing an additional 564 shares in the last quarter. PFG Investments LLC increased its position 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 worth $537,000 after purchasing an additional 613 shares in the last quarter. Alliancebernstein L.P. increased its stake in shares of OR Royalties by 4.6% in the 4th quarter. Alliancebernstein L.P. now owns 28,700 shares of the basic materials company's stock worth $519,000 after acquiring an additional 1,260 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC increased its stake in shares of 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 worth $327,000 after acquiring an additional 2,000 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

OR Royalties Trading Up 0.8%

OR Royalties stock traded up $0.22 during midday trading on Friday, reaching $27.93. 763,459 shares of the stock traded hands, compared to its average volume of 845,692. The company has a 50-day simple moving average of $26.55 and a two-hundred day simple moving average of $22.79. OR Royalties Inc. has a 12-month low of $15.78 and a 12-month high of $28.87. The firm has a market cap of $5.26 billion, a PE ratio of 164.29 and a beta of 0.71. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. Research analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, June 30th. This is a boost from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio (DPR) is 111.76%.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of recent research reports. Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Wall Street Zen downgraded OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, Scotiabank increased their price target on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.