Squarepoint Ops LLC Has $1.44 Million Stock Position in OR Royalties Inc. $OR

Key Points

• Squarepoint Ops LLC increased its OR Royalties stake by 240.1% in the second quarter, owning 45,543 shares valued at approximately $1.44 million. Institutional investors and hedge funds collectively hold 68.52% of the company’s stock.
• OR Royalties reported quarterly earnings of $0.32 per share, exceeding the $0.31 consensus estimate, while revenue of $97.82 million was slightly below expectations.
• The company declared a quarterly dividend of $0.065 per share, or $0.26 annualized, representing a 0.7% yield. Analyst sentiment remains moderately bullish, with an average price target of $41 versus the stock’s $35.43 opening price.

Squarepoint Ops LLC boosted its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 240.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 45,543 shares of the basic materials company's stock after purchasing an additional 32,152 shares during the quarter. Squarepoint Ops LLC's holdings in OR Royalties were worth $1,441,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Nykredit A S bought a new position in shares of OR Royalties during the 2nd quarter worth approximately $228,000. Groupe la Francaise lifted its position in shares of OR Royalties by 2.5% during the 2nd quarter. Groupe la Francaise now owns 205,000 shares of the basic materials company's stock valued at $6,494,000 after acquiring an additional 5,000 shares during the period. Addenda Capital Inc. lifted its position in shares of OR Royalties by 14.5% during the 2nd quarter. Addenda Capital Inc. now owns 43,509 shares of the basic materials company's stock valued at $1,376,000 after acquiring an additional 5,505 shares during the period. BTG Pactual Asset Management US LLC bought a new position in OR Royalties during the second quarter worth $930,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in OR Royalties in the second quarter worth $1,599,000. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Stock Down 0.4%

OR Royalties stock opened at $35.43 on Thursday. The firm has a market capitalization of $6.60 billion, a price-to-earnings ratio of 23.62 and a beta of 0.80. The firm's fifty day moving average price is $33.17 and its two-hundred day moving average price is $35.79. OR Royalties Inc. has a 1-year low of $27.54 and a 1-year high of $48.06. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14.

OR Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The company had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. On average, equities research analysts predict that OR Royalties Inc. will post 1.25 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, September 30th. OR Royalties's payout ratio is currently 16.67%.

Analyst Ratings Changes

Several research firms have weighed in on OR. Wall Street Zen downgraded shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, June 6th. Jefferies Financial Group reduced their target price on OR Royalties from $40.00 to $34.00 and set a "hold" rating for the company in a research note on Monday, July 6th. Zacks Research raised OR Royalties from a "strong sell" rating to a "hold" rating in a research report on Monday. Weiss Ratings downgraded OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, July 24th. Finally, Royal Bank Of Canada increased their price target on OR Royalties from $45.00 to $47.00 and gave the stock an "outperform" rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $41.00.

OR Royalties Company Profile

OR Royalties Inc NYSE: OR is a precious metals royalty and streaming company that provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from their projects. Its portfolio is primarily focused on gold, silver and other metals, allowing the company to participate in mining output without directly operating mines.

The company's business includes royalty interests, streams, offtake agreements and other investments linked to producing, developing and exploration-stage mining projects.

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