OR Royalties Inc. (NYSE:OR) Shares Sold by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. lowered its stake in OR Royalties Inc. (NYSE:OR - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 471,211 shares of the basic materials company's stock after selling 103,493 shares during the quarter. Montrusco Bolton Investments Inc. owned approximately 0.25% of OR Royalties worth $9,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Northwest & Ethical Investments L.P. raised its holdings in shares of OR Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas purchased a new position in OR Royalties in the 4th quarter worth approximately $131,000. Franklin Resources Inc. increased its stake in OR Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after purchasing an additional 534 shares during the period. Autumn Glory Partners LLC purchased a new position in OR Royalties in the 1st quarter worth approximately $232,000. Finally, Bank of New York Mellon Corp increased its stake in OR Royalties by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock worth $262,000 after purchasing an additional 1,373 shares during the period. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Price Performance

Shares of NYSE OR traded up $0.30 during mid-day trading on Friday, reaching $27.38. The company's stock had a trading volume of 728,153 shares, compared to its average volume of 743,672. The firm has a market capitalization of $5.15 billion, a PE ratio of 161.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.98 and a quick ratio of 4.98. The stock has a fifty day moving average of $25.73 and a two-hundred day moving average of $22.17. OR Royalties Inc. has a 52 week low of $15.78 and a 52 week high of $28.22.

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

OR Royalties Increases Dividend

The firm also recently declared 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%. This is an increase from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Monday, June 30th. OR Royalties's dividend payout ratio is presently 111.76%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on OR shares. Wall Street Zen lowered OR Royalties from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Raymond James Financial restated an "outperform" rating on shares of OR Royalties in a research report on Friday, April 4th. Royal Bank Of Canada dropped 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. Scotiabank lifted their price target on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, July 7th. Finally, National Bankshares restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $24.33.

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.