Louisbourg Investments Inc. Boosts Stock Holdings in OR Royalties Inc. (NYSE:OR)

Louisbourg Investments Inc. boosted its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 78.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 279,555 shares of the basic materials company's stock after buying an additional 122,918 shares during the quarter. OR Royalties makes up about 1.5% of Louisbourg Investments Inc.'s holdings, making the stock its 22nd largest position. Louisbourg Investments Inc. owned 0.15% of OR Royalties worth $5,906,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of OR. Franklin Resources Inc. boosted its position in shares of OR Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after acquiring an additional 534 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in OR Royalties by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock valued at $521,000 after purchasing an additional 564 shares in the last quarter. Northwest & Ethical Investments L.P. increased its stake in OR Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 626 shares during the last quarter. Lane Generational LLC raised its holdings in OR Royalties by 0.3% during the fourth quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company's stock worth $5,492,000 after purchasing an additional 1,041 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of OR Royalties by 4.6% during the 4th quarter. Alliancebernstein L.P. now owns 28,700 shares of the basic materials company's stock worth $519,000 after buying an additional 1,260 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Stock Performance

NYSE OR traded down $0.25 during trading on Friday, reaching $25.75. The company's stock had a trading volume of 1,990,795 shares, compared to its average volume of 875,170. The business's fifty day moving average price is $24.51 and its 200-day moving average price is $21.05. OR Royalties Inc. has a twelve month low of $15.12 and a twelve month high of $27.60. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.98 and a current ratio of 4.98. The firm has a market cap of $4.84 billion, a price-to-earnings ratio of 151.49 and a beta of 0.76.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. As a group, analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.85%. The ex-dividend date of this dividend is Monday, June 30th. This is a boost from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio is 105.88%.

Analysts Set New Price Targets

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