Groupe la Francaise Purchases Shares of 25,000 OR Royalties Inc. $OR

Key Points

• Groupe la Francaise acquired 25,000 shares of OR Royalties Inc. during the 1st quarter, valued at approximately $526,000.
• OR Royalties reported $0.13 earnings per share for the last quarter, falling short of the consensus estimate of $0.17 by $0.04.
• The company announced a quarterly dividend of $0.055 per share, with an upcoming payment date of October 15th.

Groupe la Francaise bought a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the basic materials company's stock, valued at approximately $526,000.

Other large investors also recently made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of OR Royalties during the first quarter worth $62,000. Employees Retirement System of Texas bought a new stake in shares of OR Royalties during the fourth quarter worth $131,000. Hsbc Holdings PLC bought a new stake in shares of OR Royalties during the first quarter worth $208,000. Autumn Glory Partners LLC bought a new stake in shares of OR Royalties during the first quarter worth $232,000. Finally, Cetera Investment Advisers bought a new stake in shares of OR Royalties during the first quarter worth $268,000. Institutional investors own 68.52% of the company's stock.

OR Royalties Price Performance

OR Royalties stock opened at $30.8820 on Monday. The business's 50-day simple moving average is $27.84 and its 200 day simple moving average is $24.05. The stock has a market cap of $5.81 billion, a price-to-earnings ratio of 83.47 and a beta of 0.71. OR Royalties Inc. has a 12-month low of $16.50 and a 12-month high of $31.28. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03.

OR Royalties (NYSE:OR - Get Free Report) last released 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 net margin of 35.25% and a return on equity of 8.56%. The company had revenue of $60.36 million during the quarter, compared to analyst estimates of $83.25 million. As a group, research analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

The business 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 of this dividend is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.7%. OR Royalties's dividend payout ratio is presently 51.35%.

Analyst Ratings Changes

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

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.

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