OR Royalties Inc. (NYSE:OR) Position Boosted 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 the company in its most recent disclosure with the SEC. The fund 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 0.33% of OR Royalties worth $13,029,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of OR. Mackenzie Financial Corp increased its stake in shares of OR Royalties by 52.2% during the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock valued at $106,382,000 after acquiring an additional 1,728,760 shares during the last quarter. Cetera Investment Advisers purchased a new position in OR Royalties in the first quarter valued at about $268,000. SeaBridge Investment Advisors LLC lifted its stake in shares of OR Royalties by 14.8% during the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock worth $327,000 after purchasing an additional 2,000 shares in the last quarter. Genus Capital Management Inc. boosted its position in shares of OR Royalties by 203.3% in the first quarter. Genus Capital Management Inc. now owns 105,800 shares of the basic materials company's stock worth $2,233,000 after buying an additional 208,230 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of OR Royalties by 32.3% in the first quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company's stock valued at $404,000 after buying an additional 4,669 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Scotiabank upped their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, July 7th. Royal Bank Of Canada decreased their price objective on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Wall Street Zen lowered shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, OR Royalties currently has an average rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Stock Performance

OR traded up $0.22 on Friday, hitting $27.93. 763,359 shares of the company's stock were exchanged, compared to its average volume of 859,705. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06. The stock has a fifty day moving average of $26.50 and a two-hundred day moving average of $22.73. OR Royalties Inc. has a twelve month low of $15.78 and a twelve 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 0.75.

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

OR Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.8%. This is a boost from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 30th. OR Royalties's dividend payout ratio is presently 111.76%.

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.