9,906 Shares in OR Royalties Inc. $OR Bought 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 purchased a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,906 shares of the basic materials company's stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of OR. PFG Investments LLC increased its stake 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 buying an additional 613 shares during the period. SeaBridge Investment Advisors LLC increased 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 buying an additional 2,000 shares during the period. Summit Securities Group LLC purchased a new stake in shares of OR Royalties during the first quarter worth approximately $62,000. Addenda Capital Inc. increased its stake in shares of OR Royalties by 10.3% during the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock worth $893,000 after buying an additional 3,936 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of OR Royalties by 1.2% during 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 buying an additional 4,212 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

OR Royalties Stock Performance

Shares of OR stock traded up $0.65 during trading hours on Monday, hitting $35.07. The stock had a trading volume of 851,814 shares, compared to its average volume of 774,136. The firm has a market capitalization of $6.60 billion, a PE ratio of 94.79 and a beta of 0.72. OR Royalties Inc. has a twelve month low of $16.57 and a twelve month high of $35.13. The stock's 50 day moving average is $29.31 and its 200 day moving average is $25.03. 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 issued its quarterly 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 return on equity of 8.56% and a net margin of 35.25%.The company had revenue of $60.36 million for the quarter, compared to analyst estimates of $83.25 million. As a group, research analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. CIBC restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Scotiabank increased their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research note on Monday, July 7th. Finally, Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.