Montrusco Bolton Investments Inc. Has $9.94 Million Stock Position in OR Royalties Inc. (NYSE:OR)

Montrusco Bolton Investments Inc. trimmed its position in OR Royalties Inc. (NYSE:OR - Free Report) by 18.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 471,211 shares of the basic materials company's stock after selling 103,493 shares during the period. Montrusco Bolton Investments Inc. owned approximately 0.25% of OR Royalties worth $9,943,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OR Royalties in the 4th quarter valued at approximately $60,364,000. Arrowstreet Capital Limited Partnership increased its stake in OR Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after purchasing an additional 3,194,173 shares in the last quarter. Tidal Investments LLC bought a new stake in OR Royalties during the 4th quarter worth approximately $34,209,000. FMR LLC increased its stake in OR Royalties by 25.2% during the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after purchasing an additional 1,128,969 shares in the last quarter. Finally, Norges Bank bought a new stake in OR Royalties during the 4th quarter worth approximately $11,683,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OR has been the subject of a number of research reports. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Royal Bank Of Canada decreased their price target on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Scotiabank raised 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 note on Monday, July 7th. Finally, Wall Street Zen cut shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Stock Up 1.1%

Shares of NYSE OR traded up $0.30 during trading hours on Friday, hitting $27.38. The company had a trading volume of 728,153 shares, compared to its average volume of 745,001. The stock has a market capitalization of $5.15 billion, a P/E ratio of 161.06 and a beta of 0.75. The company has a quick ratio of 4.98, a current ratio of 4.98 and a debt-to-equity ratio of 0.06. OR Royalties Inc. has a 1-year low of $15.78 and a 1-year high of $28.22. The firm's 50 day moving average is $25.67 and its 200-day moving average is $22.07.

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

OR Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Monday, June 30th. This is an increase from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio is presently 111.76%.

OR Royalties 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.