Intact Investment Management Inc. Invests $1.54 Million in OR Royalties Inc. (NYSE:OR)

Intact Investment Management Inc. bought a new position in 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 firm bought 73,000 shares of the basic materials company's stock, valued at approximately $1,541,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in OR Royalties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock worth $130,529,000 after purchasing an additional 128,099 shares during the last quarter. FMR LLC boosted its holdings in shares of OR Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after buying an additional 1,128,969 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of OR Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after buying an additional 3,194,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of OR Royalties in the fourth quarter worth approximately $60,364,000. Finally, Tidal Investments LLC purchased a new position in shares of OR Royalties in the fourth quarter worth approximately $34,209,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Stock Performance

NYSE OR traded down $0.25 on Friday, reaching $25.75. 2,041,085 shares of the stock were exchanged, compared to its average volume of 741,008. OR Royalties Inc. has a one year low of $15.12 and a one year high of $27.60. The firm has a market capitalization of $4.84 billion, a PE ratio of 151.49 and a beta of 0.76. The company's 50-day simple moving average is $24.58 and its two-hundred day simple moving average is $21.12. 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 released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. The company had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. Analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.055 per share. This is a boost from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.85%. OR Royalties's dividend payout ratio (DPR) is presently 105.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Royal Bank Of Canada dropped their price objective on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Wednesday, April 23rd. Scotiabank raised shares of OR Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Finally, Raymond James Financial reissued an "outperform" rating on shares of OR Royalties in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $23.00.

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.