OR Royalties Inc. $OR Stock Bought by Louisbourg Investments Inc.

Key Points

• Louisbourg Investments increased its OR Royalties stake by 25.4% in the third quarter, reaching 212,505 shares valued at approximately $7.3 million. Institutional investors own 68.52% of the company.
• Analyst sentiment is moderately bullish, with an average rating of “Moderate Buy” and a consensus price target of $41.00. Ratings ranged from “Hold” to “Strong Buy,” with RBC raising its target to $47.
• OR Royalties reported quarterly earnings of $0.32 per share, exceeding estimates by $0.01, and declared a quarterly dividend of $0.065, equivalent to an annualized yield of approximately 0.7%.

Louisbourg Investments Inc. increased its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 25.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 212,505 shares of the basic materials company's stock after purchasing an additional 43,058 shares during the quarter. OR Royalties accounts for 1.3% of Louisbourg Investments Inc.'s investment portfolio, making the stock its 26th biggest position. Louisbourg Investments Inc. owned 0.11% of OR Royalties worth $7,309,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in OR. State of Wyoming purchased a new stake in shares of OR Royalties during the first quarter valued at approximately $28,000. Grove Bank & Trust bought a new position in shares of OR Royalties in the second quarter worth approximately $32,000. Banque Cantonale Vaudoise purchased a new position in shares of OR Royalties in the first quarter worth $37,000. CoreCap Advisors LLC increased its stake in shares of OR Royalties by 52.9% in the third quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company's stock worth $40,000 after buying an additional 400 shares during the period. Finally, Fortitude Family Office LLC purchased a new position in shares of OR Royalties in the third quarter worth $144,000. 68.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on OR. Zacks Research upgraded shares of OR Royalties from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Weiss Ratings raised shares of OR Royalties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Scotiabank cut their price target on shares of OR Royalties from $51.00 to $42.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Jefferies Financial Group decreased their price objective on shares of OR Royalties from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Monday, July 6th. Finally, Royal Bank Of Canada boosted their price objective on shares of OR Royalties from $45.00 to $47.00 and gave the company an "outperform" rating in a research report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $41.00.

OR Royalties Trading Down 0.0%

OR opened at $34.79 on Wednesday. The business has a 50 day simple moving average of $35.56 and a two-hundred day simple moving average of $35.01. The firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 23.19 and a beta of 0.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. OR Royalties Inc. has a one year low of $27.54 and a one year high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. The firm had revenue of $97.82 million for the quarter, compared to analyst estimates of $97.93 million. Analysts predict that OR Royalties Inc. will post 1.26 EPS for the current year.

OR Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.0650 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is presently 16.67%.

OR Royalties Profile

OR Royalties Inc NYSE: OR is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.

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