U S Global Investors Inc. Has $14.78 Million Holdings in OR Royalties Inc. $OR

Key Points

• U S Global Investors Inc. increased its holdings in OR Royalties Inc. by 6.3%, bringing its total to 574,831 shares valued at $14.78 million.
• Several brokerages have recently downgraded or updated their ratings for OR Royalties, with Canaccord Genuity lowering its rating to hold and others adjusting price objectives, showing mixed analyst sentiment.
• OR Royalties recently declared a quarterly dividend of $0.055 per share, which represents an annual yield of 0.6% and has a dividend payout ratio of 59.46%.

U S Global Investors Inc. boosted its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 574,831 shares of the basic materials company's stock after purchasing an additional 33,854 shares during the quarter. OR Royalties comprises 1.7% of U S Global Investors Inc.'s holdings, making the stock its 19th largest holding. U S Global Investors Inc. owned 0.31% of OR Royalties worth $14,781,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in OR. Plato Investment Management Ltd acquired a new stake in shares of OR Royalties during the 1st quarter worth approximately $56,000. Summit Securities Group LLC acquired a new stake in shares of OR Royalties during the 1st quarter worth approximately $62,000. Hsbc Holdings PLC acquired a new stake in shares of OR Royalties during the 1st quarter worth approximately $208,000. Autumn Glory Partners LLC acquired a new stake in shares of OR Royalties during the 1st quarter worth approximately $232,000. Finally, Trexquant Investment LP acquired a new stake in shares of OR Royalties during the 1st quarter worth approximately $248,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on OR. Canaccord Genuity Group downgraded shares of OR Royalties from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 2nd. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Raymond James Financial reaffirmed a "market perform" rating and set a $41.00 price objective (up previously from $36.00) on shares of OR Royalties in a research report on Friday. Jefferies Financial Group reaffirmed a "hold" rating and set a $40.00 price objective (up previously from $34.00) on shares of OR Royalties in a research report on Monday, October 6th. Finally, Scotiabank boosted their price objective on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, OR Royalties currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

OR Royalties Price Performance

Shares of OR opened at $37.63 on Friday. OR Royalties Inc. has a 12-month low of $17.55 and a 12-month high of $42.25. The business's fifty day moving average is $34.36 and its 200 day moving average is $28.03. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The stock has a market cap of $7.08 billion, a P/E ratio of 101.71 and a beta of 0.75.

OR Royalties (NYSE:OR - Get Free Report) last issued its earnings results 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). OR Royalties had a return on equity of 8.56% and a net margin of 35.25%.The firm had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. Sell-side analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.055 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.6%. OR Royalties's dividend payout ratio is 59.46%.

About OR Royalties

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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