Synergy Asset Management LLC Takes Position in OR Royalties Inc. (NYSE:OR)

Synergy Asset Management LLC acquired a new stake in OR Royalties Inc. (NYSE:OR - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 14,270 shares of the basic materials company's stock, valued at approximately $301,000.

Other institutional investors also recently made changes to their positions in the company. C WorldWide Group Holding A S boosted its position in OR Royalties by 86.4% during the 4th quarter. C WorldWide Group Holding A S now owns 78,032 shares of the basic materials company's stock valued at $1,412,000 after buying an additional 36,171 shares during the period. Bank of New York Mellon Corp boosted its position in OR Royalties by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock valued at $262,000 after buying an additional 1,373 shares during the period. SBI Securities Co. Ltd. purchased a new stake in OR Royalties during the 4th quarter valued at $57,000. DJE Kapital AG purchased a new stake in OR Royalties during the 4th quarter valued at $1,692,000. Finally, Charles Schwab Investment Management Inc. boosted its position in OR Royalties by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,043 shares of the basic materials company's stock valued at $6,299,000 after buying an additional 1,502 shares during the period. Hedge funds and other institutional investors own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OR shares. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Raymond James Financial reissued an "outperform" rating on shares of OR Royalties in a research report on Friday, April 4th. Royal Bank Of Canada decreased their price objective on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Scotiabank upgraded shares of OR Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

OR Royalties Stock Down 0.9%

Shares of NYSE OR opened at $25.75 on Monday. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06. OR Royalties Inc. has a 12 month low of $15.12 and a 12 month high of $27.60. The firm has a market capitalization of $4.84 billion, a PE ratio of 151.49 and a beta of 0.76. The firm has a fifty day simple moving average of $24.58 and a two-hundred day simple moving average of $21.12.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $79.63 million. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. Equities analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.055 per share. This is an increase from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.85%. OR Royalties's dividend payout ratio (DPR) is currently 105.88%.

OR Royalties 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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