U S Global Investors Inc. Purchases 132,964 Shares of OR Royalties Inc. (NYSE:OR)

U S Global Investors Inc. raised its holdings in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 32.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 540,977 shares of the basic materials company's stock after acquiring an additional 132,964 shares during the quarter. OR Royalties makes up 1.5% of U S Global Investors Inc.'s investment portfolio, making the stock its 21st largest holding. U S Global Investors Inc. owned 0.29% of OR Royalties worth $11,423,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in OR Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 534 shares in the last quarter. Pictet Asset Management Holding SA grew its stake in shares of OR Royalties by 2.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock valued at $521,000 after buying an additional 564 shares in the last quarter. PFG Investments LLC increased its holdings in OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock worth $537,000 after buying an additional 613 shares during the last quarter. Northwest & Ethical Investments L.P. increased its holdings 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 worth $114,000 after buying an additional 626 shares during the last quarter. Finally, Lane Generational LLC raised its position 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 valued at $5,492,000 after acquiring an additional 1,041 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Stock Performance

Shares of OR Royalties stock traded down $0.14 during trading on Tuesday, reaching $25.58. The company's stock had a trading volume of 337,461 shares, compared to its average volume of 731,835. OR Royalties Inc. has a one year low of $15.40 and a one year 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 $4.80 billion, a price-to-earnings ratio of 150.44 and a beta of 0.76. The business's fifty day moving average price is $24.85 and its 200-day moving average price is $21.37.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping 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 company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $79.63 million. As a group, equities research analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.055 dividend. The ex-dividend date is Monday, June 30th. This is an increase from OR Royalties's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.86%. OR Royalties's dividend payout ratio is 105.88%.

Analysts Set New Price Targets

Several brokerages have recently commented on OR. Raymond James Financial restated an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Scotiabank upgraded OR Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Royal Bank Of Canada cut their price objective on OR Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.