Quantbot Technologies LP Makes New $2.66 Million 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 purchased a new stake in OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 126,059 shares of the basic materials company's stock, valued at approximately $2,662,000. Quantbot Technologies LP owned 0.07% of OR Royalties as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in OR Royalties by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company's stock valued at $153,041,000 after acquiring an additional 43,417 shares during the period. Mackenzie Financial Corp increased its position in OR Royalties by 52.2% in the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock valued at $106,382,000 after acquiring an additional 1,728,760 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OR Royalties in the 4th quarter valued at approximately $60,364,000. Tidal Investments LLC acquired a new position in OR Royalties in the 4th quarter valued at approximately $34,209,000. Finally, Dimensional Fund Advisors LP increased its position in OR Royalties by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 872,588 shares of the basic materials company's stock valued at $15,794,000 after acquiring an additional 11,088 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Trading Up 1.4%

NYSE OR traded up $0.42 during mid-day trading on Tuesday, reaching $31.20. 165,248 shares of the stock were exchanged, compared to its average volume of 851,576. OR Royalties Inc. has a one year low of $16.50 and a one year high of $31.29. The stock has a 50 day simple moving average of $27.93 and a 200-day simple moving average of $24.12. The stock has a market cap of $5.87 billion, a P/E ratio of 84.39 and a beta of 0.71. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73.

OR Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates 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, analysts anticipate that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

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

Analyst Ratings Changes

OR has been the subject of several recent research reports. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Friday. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Scotiabank lifted their target price 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 equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $24.33.

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.