9,906 Shares in OR Royalties Inc. $OR Acquired by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC has acquired a new stake in OR Royalties Inc., purchasing 9,906 shares valued at approximately $208,000 during the first quarter.
• Institutional investors collectively own 68.52% of OR Royalties' stock, indicating significant interest from large financial entities.
• OR Royalties recently announced a quarterly dividend of $0.055 per share, reflecting an annualized yield of 0.6%, with the ex-dividend date set for September 30th.

Hsbc Holdings PLC bought a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,906 shares of the basic materials company's stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds have also modified their holdings of OR. Summit Securities Group LLC purchased a new stake in shares of OR Royalties during the first quarter worth about $62,000. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties during the fourth quarter worth about $131,000. Autumn Glory Partners LLC acquired a new position in OR Royalties during the first quarter worth about $232,000. Cetera Investment Advisers acquired a new position in OR Royalties during the first quarter worth about $268,000. Finally, Synergy Asset Management LLC acquired a new position in OR Royalties during the first quarter worth about $301,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Trading Up 1.0%

Shares of OR stock traded up $0.36 during trading hours on Thursday, hitting $35.90. The company had a trading volume of 624,802 shares, compared to its average volume of 808,984. The company's fifty day moving average is $29.89 and its 200 day moving average is $25.29. 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 Inc. has a fifty-two week low of $17.14 and a fifty-two week high of $35.97. The stock has a market capitalization of $6.76 billion, a PE ratio of 97.02 and a beta of 0.72.

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

OR Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 30th. OR Royalties's dividend payout ratio is currently 51.35%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on OR. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Friday, August 22nd. Scotiabank boosted their price target 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 reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Finally, CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.