U S Global Investors Inc. Has $12.15 Million Holdings in OR Royalties Inc. $OR

Key Points

• U S Global Investors cut its stake in OR Royalties by 63.1% in Q4 and now owns 343,245 shares worth $12.15 million, representing about 0.18% of the company and the fund's 22nd-largest holding.
• OR Royalties reported Q4 EPS of $0.32 (beating estimates by $0.01) on $90.47 million revenue, has a market cap of $7.51 billion and pays a quarterly dividend of $0.055 (annualized $0.22, ~0.5% yield).
• Analysts rate the stock a consensus "Moderate Buy" with an average price target of $46.50; ratings include 1 Strong Buy, 5 Buy and 4 Hold, and recent targets range up to $56 (RBC) and $51 (Scotiabank).

U S Global Investors Inc. lessened its stake in OR Royalties Inc. (NYSE:OR - Free Report) by 63.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,245 shares of the basic materials company's stock after selling 587,831 shares during the quarter. OR Royalties makes up 1.3% of U S Global Investors Inc.'s holdings, making the stock its 22nd biggest position. U S Global Investors Inc. owned about 0.18% of OR Royalties worth $12,147,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Alps Advisors Inc. acquired a new stake in shares of OR Royalties in the 3rd quarter valued at approximately $2,649,000. CWA Asset Management Group LLC boosted its holdings in shares of OR Royalties by 112.6% in the 3rd quarter. CWA Asset Management Group LLC now owns 381,747 shares of the basic materials company's stock valued at $15,300,000 after buying an additional 202,173 shares during the last quarter. Synergy Asset Management LLC boosted its holdings in shares of OR Royalties by 200.0% in the 3rd quarter. Synergy Asset Management LLC now owns 52,851 shares of the basic materials company's stock valued at $2,118,000 after buying an additional 35,234 shares during the last quarter. Navellier & Associates Inc. acquired a new stake in shares of OR Royalties in the 3rd quarter valued at approximately $1,451,000. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of OR Royalties in the 3rd quarter valued at approximately $41,210,000. Institutional investors and hedge funds own 68.52% of the company's stock.

OR Royalties Trading Down 0.9%

OR opened at $40.07 on Friday. OR Royalties Inc. has a 1-year low of $22.40 and a 1-year high of $48.06. The stock's fifty day simple moving average is $40.76 and its 200 day simple moving average is $38.22. The stock has a market cap of $7.51 billion, a PE ratio of 36.76 and a beta of 0.83.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.32 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The business had revenue of $90.47 million for the quarter, compared to analysts' expectations of $90.80 million. OR Royalties had a return on equity of 12.41% and a net margin of 74.30%. Equities analysts forecast that OR Royalties Inc. will post 1.37 earnings per share for the current year.

OR Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.055 per share. The ex-dividend date was Tuesday, March 31st. This represents a $0.22 annualized dividend and a yield of 0.5%. OR Royalties's dividend payout ratio (DPR) is presently 20.18%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OR shares. TD Securities restated a "hold" rating on shares of OR Royalties in a research note on Monday, February 23rd. Wall Street Zen cut OR Royalties from a "strong-buy" rating to a "buy" rating in a research note on Saturday, April 11th. Weiss Ratings restated a "buy (b)" rating on shares of OR Royalties in a research note on Monday, December 29th. Scotiabank increased their price target on OR Royalties from $41.00 to $51.00 and gave the company a "sector perform" rating in a research note on Monday, January 26th. Finally, Royal Bank Of Canada restated an "outperform" rating and issued a $56.00 price target on shares of OR Royalties in a research note on Friday, April 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $46.50.

About OR Royalties

OR Royalties PLC NYSE: OR is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company's core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.

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