Quantbot Technologies LP Makes New Investment in OR Royalties Inc. $OR

Key Points

• Quantbot Technologies LP acquired a new position in OR Royalties Inc., purchasing 126,059 shares valued at approximately $2.66 million, constituting about 0.07% of the company.
• Several institutional investors increased their stakes in OR Royalties, with Vanguard Group Inc. and Mackenzie Financial Corp. being notable examples, holding significant percentages of the company's stock.
• Analysts have given OR Royalties a consensus rating of "Moderate Buy" with an average target price of $24.33, despite a miss in earnings per share (EPS) during the last quarter.

Quantbot Technologies LP acquired a new position in OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 126,059 shares of the basic materials company's stock, valued at approximately $2,662,000. Quantbot Technologies LP owned about 0.07% of OR Royalties at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of OR Royalties by 20.4% in the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after buying an additional 3,455 shares during the period. Bessemer Group Inc. boosted its holdings in OR Royalties by 155.1% in the first quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock valued at $1,164,000 after acquiring an additional 33,500 shares during the last quarter. Deutsche Bank AG boosted its holdings in OR Royalties by 629.2% in the fourth 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 during the last quarter. Two Sigma Investments LP increased its position in OR Royalties by 78.3% in the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock worth $1,220,000 after purchasing an additional 29,606 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in OR Royalties by 32.3% during the 1st quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company's stock worth $404,000 after purchasing an additional 4,669 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Trading Up 0.8%

Shares of OR stock traded up $0.2320 on Friday, reaching $30.8820. The company had a trading volume of 739,725 shares, compared to its average volume of 798,207. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The stock has a market cap of $5.81 billion, a PE ratio of 83.47 and a beta of 0.71. The company has a 50-day moving average of $27.84 and a 200-day moving average of $24.02. OR Royalties Inc. has a 12 month low of $16.50 and a 12 month high of $31.28.

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

OR Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio (DPR) is currently 51.35%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Scotiabank boosted their price target 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. CIBC reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Friday. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $24.33.

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.