OMERS ADMINISTRATION Corp Invests $737,000 in OR Royalties Inc. $OR

Key Points

• OMERS Administration Corp invested approximately $737,000 in OR Royalties Inc. by acquiring 34,900 shares during the first quarter.
• Several institutional investors have also recently taken new stakes in OR Royalties, increasing their total institutional ownership to 68.52%.
• Analysts have issued positive ratings on OR Royalties, with a consensus price target of $24.33, indicating a moderate buy outlook for the stock.

OMERS ADMINISTRATION Corp bought a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 34,900 shares of the basic materials company's stock, valued at approximately $737,000.

A number of other institutional investors also recently modified their holdings of OR. Versor Investments LP bought a new position in OR Royalties during the 1st quarter valued at $840,000. Bessemer Group Inc. boosted its stake in OR Royalties by 155.1% in the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock worth $1,164,000 after purchasing an additional 33,500 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of OR Royalties by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 174,975 shares of the basic materials company's stock valued at $3,693,000 after acquiring an additional 16,396 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of OR Royalties by 629.2% in the 4th quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock valued at $1,440,000 after acquiring an additional 68,668 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in shares of OR Royalties by 78.3% during the 4th quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock valued at $1,220,000 after buying an additional 29,606 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Finally, Scotiabank lifted their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Stock Up 2.3%

Shares of NYSE OR traded up $0.78 during mid-day trading on Friday, hitting $34.30. 1,066,262 shares of the stock traded hands, compared to its average volume of 767,065. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. OR Royalties Inc. has a 52 week low of $16.50 and a 52 week high of $34.72. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 92.72 and a beta of 0.72. The stock has a fifty day moving average price of $29.13 and a 200-day moving average price of $24.87.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Research analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.6%. OR Royalties's payout ratio is currently 51.35%.

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.