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

U S Global Investors Inc. lifted 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 filing with the SEC. The fund owned 540,977 shares of the basic materials company's stock after purchasing an additional 132,964 shares during the period. OR Royalties comprises about 1.5% of U S Global Investors Inc.'s investment portfolio, making the stock its 21st biggest position. U S Global Investors Inc. owned 0.29% of OR Royalties worth $11,423,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in shares of OR Royalties during the fourth quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in OR Royalties during the 4th quarter valued at about $72,000. Northwest & Ethical Investments L.P. grew its position in 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 worth $114,000 after acquiring an additional 626 shares during the last quarter. Employees Retirement System of Texas purchased a new position in OR Royalties in the 4th quarter worth approximately $131,000. Finally, Franklin Resources Inc. lifted its position 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 during the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on OR. Raymond James Financial reissued an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday. Scotiabank raised shares of OR Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank Of Canada cut their target price 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. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $23.00.

OR Royalties Trading Down 2.7%

NYSE OR traded down $0.69 during trading on Friday, hitting $25.03. The company had a trading volume of 863,110 shares, compared to its average volume of 732,807. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06. OR Royalties Inc. has a one year low of $15.40 and a one year high of $27.60. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 147.24 and a beta of 0.76. The company's fifty day moving average is $24.80 and its 200-day moving average is $21.31.

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

OR Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.055 per share. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 0.88%. OR Royalties's payout ratio is currently 105.88%.

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.