Trexquant Investment LP Takes $248,000 Position in OR Royalties Inc. $OR

Key Points

• Trexquant Investment LP invested $248,000 in OR Royalties Inc. during the 1st quarter, purchasing 11,737 shares.
• Institutional investors own 68.52% of OR Royalties, with several firms increasing their stakes significantly in the last quarter.
• OR Royalties reported earnings of $0.13 per share, missing the consensus estimate, and recently announced a quarterly dividend of $0.055 per share.

Trexquant Investment LP acquired a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 11,737 shares of the basic materials company's stock, valued at approximately $248,000.

A number of other institutional investors have also recently bought and sold shares of the stock. PFG Investments LLC lifted its stake in OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock valued at $537,000 after buying an additional 613 shares in the last quarter. SeaBridge Investment Advisors LLC lifted its stake in OR Royalties by 14.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock valued at $327,000 after buying an additional 2,000 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of OR Royalties in the first quarter valued at approximately $62,000. Addenda Capital Inc. raised its holdings in shares of OR Royalties by 10.3% in the first quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock valued at $893,000 after purchasing an additional 3,936 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of OR Royalties by 1.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 352,255 shares of the basic materials company's stock valued at $7,433,000 after purchasing an additional 4,212 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on OR shares. Scotiabank lifted their price objective on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, July 7th. Raymond James Financial lifted their price objective on shares of OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Friday. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Wall Street Zen downgraded shares of OR Royalties from a "buy" rating to a "hold" rating in a report on Saturday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.25.

OR Royalties Stock Up 2.7%

OR traded up $0.98 during trading on Monday, reaching $36.93. 1,931,833 shares of the stock were exchanged, compared to its average volume of 791,691. OR Royalties Inc. has a twelve month low of $17.55 and a twelve month high of $37.27. The stock has a market cap of $6.95 billion, a P/E ratio of 99.81 and a beta of 0.72. The stock's 50 day moving average price is $30.29 and its two-hundred day moving average price is $25.64. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73.

OR Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 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 analysts expect that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's payout ratio is presently 51.35%.

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.