Twin Tree Management LP Invests $245,000 in OR Royalties Inc. $OR

Key Points

• Twin Tree Management LP invested approximately $245,000 in OR Royalties Inc., acquiring 9,545 shares, according to a recent 13F filing.
• Analysts have increased their price targets for OR Royalties, with Jefferies setting a target of $40.00, up from $34, while Wall Street Zen upgraded their rating from "hold" to "buy".
• OR Royalties reported a quarterly EPS of $0.13, missing consensus estimates, and announced a quarterly dividend of $0.055 per share, reflecting an annualized yield of 0.6%.

Twin Tree Management LP acquired a new position in OR Royalties Inc. (NYSE:OR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,545 shares of the basic materials company's stock, valued at approximately $245,000.

Other hedge funds have also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new stake in shares of OR Royalties in the 1st quarter worth approximately $56,000. Summit Securities Group LLC bought a new stake in OR Royalties during the 1st quarter valued at $62,000. Hsbc Holdings PLC bought a new stake in OR Royalties during the 1st quarter valued at $208,000. Trexquant Investment LP bought a new stake in OR Royalties during the 1st quarter valued at $248,000. Finally, Cetera Investment Advisers bought a new stake in OR Royalties during the 1st quarter valued at $268,000. 68.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on OR shares. Jefferies Financial Group reiterated a "hold" rating and set a $40.00 price target (up from $34.00) on shares of OR Royalties in a report on Monday, October 6th. Weiss Ratings reiterated a "hold (c+)" rating on shares of OR Royalties in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Finally, Zacks Research upgraded shares of OR Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, OR Royalties presently has an average rating of "Moderate Buy" and a consensus target price of $33.00.

OR Royalties Stock Down 5.9%

Shares of OR Royalties stock opened at $37.65 on Friday. 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's fifty day simple moving average is $35.25 and its two-hundred day simple moving average is $28.64. The company has a market cap of $7.08 billion, a P/E ratio of 101.76 and a beta of 0.75. OR Royalties Inc. has a 12-month low of $17.55 and a 12-month high of $42.25.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Research analysts anticipate 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 was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were given a $0.055 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. OR Royalties's dividend payout ratio is currently 59.46%.

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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