OR Royalties Inc. $OR Shares Acquired by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC increased its holdings in OR Royalties Inc. by 20.8%, acquiring an additional 45,242 shares, bringing its total to 262,552 shares.
• OR Royalties' recent earnings report showed $0.13 EPS, missing the expected $0.17, and revenue of $60.36 million, below the anticipated $83.25 million.
• The company announced a quarterly dividend of $0.055 per share, representing an annualized rate of $0.22 and a 0.7% yield, with the payment date set for October 15th.

Keeley Teton Advisors LLC raised its position in OR Royalties Inc. (NYSE:OR - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 262,552 shares of the basic materials company's stock after acquiring an additional 45,242 shares during the quarter. OR Royalties makes up 0.7% of Keeley Teton Advisors LLC's investment portfolio, making the stock its 29th largest position. Keeley Teton Advisors LLC owned 0.14% of OR Royalties worth $5,545,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Summit Securities Group LLC purchased a new position in shares of OR Royalties during the first quarter valued at about $62,000. Employees Retirement System of Texas bought a new stake in shares of OR Royalties during the fourth quarter valued at approximately $131,000. Hsbc Holdings PLC purchased a new stake in OR Royalties in the first quarter worth approximately $208,000. Autumn Glory Partners LLC purchased a new stake in OR Royalties in the first quarter worth approximately $232,000. Finally, Cetera Investment Advisers purchased a new stake in OR Royalties in the first quarter worth approximately $268,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on OR shares. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Friday, August 22nd. CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Scotiabank boosted their target price on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, OR Royalties presently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

OR Royalties Trading Up 2.9%

Shares of OR stock traded up $0.91 during trading hours on Friday, reaching $32.14. 738,642 shares of the stock were exchanged, compared to its average volume of 792,047. OR Royalties Inc. has a 12-month low of $16.50 and a 12-month high of $32.20. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The company's 50-day moving average price is $28.36 and its 200-day moving average price is $24.38. The firm has a market capitalization of $6.05 billion, a price-to-earnings ratio of 86.87 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last announced 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 business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. As a group, equities analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's payout ratio is currently 51.35%.

About OR Royalties

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.