OR Royalties Inc. $OR Shares Sold by Sprott Inc.

Key Points

• Sprott Inc. reduced its stake in OR Royalties Inc. by 4.7%, owning approximately 3.7% of the company after selling 159,043 shares, now valued at about $68.4 million.
• The company missed analysts' earnings consensus by reporting $0.13 earnings per share, compared to the expected $0.17, while generating $60.36 million in revenue against a forecast of $83.25 million.
• OR Royalties has announced a quarterly dividend of $0.055, which will be paid to stockholders of record on September 30th, representing an annualized payout of $0.22 and a yield of 0.7%.

Sprott Inc. decreased its stake in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 3,240,773 shares of the basic materials company's stock after selling 159,043 shares during the period. OR Royalties accounts for about 3.7% of Sprott Inc.'s portfolio, making the stock its 6th largest holding. Sprott Inc. owned 1.73% of OR Royalties worth $68,416,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in shares of OR Royalties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company's stock worth $153,041,000 after buying an additional 43,417 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of OR Royalties by 52.2% during the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock worth $106,382,000 after buying an additional 1,728,760 shares during the period. T. Rowe Price Investment Management Inc. boosted its holdings in shares of OR Royalties by 116.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock worth $101,181,000 after buying an additional 2,574,458 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of OR Royalties during the 4th quarter worth about $60,364,000. Finally, Tidal Investments LLC bought a new stake in shares of OR Royalties during the 4th quarter worth about $34,209,000. Institutional investors own 68.52% of the company's stock.

Wall Street Analyst Weigh In

OR has been the subject of several research analyst reports. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Finally, Scotiabank lifted their price objective 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. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, OR Royalties presently has an average rating of "Moderate Buy" and a consensus price target of $24.33.

OR Royalties Stock Performance

OR Royalties stock traded up $0.2320 during midday trading on Friday, hitting $30.8820. The company's stock had a trading volume of 739,725 shares, compared to its average volume of 795,417. OR Royalties Inc. has a 1-year low of $16.50 and a 1-year high of $31.28. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The company has a 50-day moving average price of $27.84 and a two-hundred day moving average price of $24.05. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 83.47 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $60.36 million during the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. As a group, sell-side analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. OR Royalties's payout ratio is presently 51.35%.

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.