Russell Investments Group Ltd. Increases Holdings in OR Royalties Inc. $OR

Key Points

• Russell Investments Group Ltd. increased its holdings in OR Royalties Inc. by 10.3%, now owning approximately 0.09% of the company valued at $3.69 million following the purchase of 16,396 additional shares in the first quarter.
• Other major hedge funds, including JPMorgan Chase and Bessemer Group, significantly boosted their positions in OR Royalties, indicating growing institutional confidence.
• The company reported quarterly earnings results, missing estimates with $0.13 EPS and revenue of $60.36 million, compared to analyst expectations of $83.25 million.

Russell Investments Group Ltd. increased its holdings in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 10.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 174,975 shares of the basic materials company's stock after purchasing an additional 16,396 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of OR Royalties worth $3,693,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its position 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 purchasing an additional 3,455 shares during the period. Bessemer Group Inc. lifted its stake 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 buying an additional 33,500 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of 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 period. Two Sigma Investments LP grew its position in shares of OR Royalties by 78.3% during the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock worth $1,220,000 after acquiring an additional 29,606 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of OR Royalties by 32.3% in the 1st quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company's stock valued at $404,000 after acquiring an additional 4,669 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

OR Royalties Price Performance

OR opened at $30.8820 on Friday. OR Royalties Inc. has a twelve month low of $16.50 and a twelve month high of $31.28. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 83.47 and a beta of 0.71. 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 company has a fifty day simple moving average of $27.84 and a 200 day simple moving average of $24.02.

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

OR Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is currently 51.35%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Scotiabank boosted their target price on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, July 7th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Finally, CIBC reissued an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to 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.

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