U S Global Investors Inc. Sells 259,439 Shares of OR Royalties Inc. $OR

Key Points

• U.S. Global Investors cut its OR Royalties stake by 44.7% in the third quarter, selling 259,439 shares and retaining 321,284 shares worth approximately $11.0 million. Institutional investors collectively own 68.52% of the company.
• OR Royalties shares were trading at $33.30, down 4.3%, with a 52-week range of $27.54 to $48.06. The company recently exceeded quarterly EPS expectations and pays an annualized dividend of $0.26 per share, yielding 0.8%.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $41.00, despite several analysts recently lowering their targets.

U S Global Investors Inc. decreased its holdings in OR Royalties Inc. (NYSE:OR - Free Report) by 44.7% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 321,284 shares of the basic materials company's stock after selling 259,439 shares during the period. OR Royalties makes up about 1.1% of U S Global Investors Inc.'s holdings, making the stock its 24th biggest holding. U S Global Investors Inc. owned approximately 0.17% of OR Royalties worth $11,033,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. FCA Corp TX raised its position in OR Royalties by 0.8% in the 1st quarter. FCA Corp TX now owns 39,647 shares of the basic materials company's stock worth $1,507,000 after purchasing an additional 330 shares during the period. CoreCap Advisors LLC increased its holdings in OR Royalties by 52.9% during the 3rd quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company's stock valued at $40,000 after purchasing an additional 400 shares during the period. State of Wyoming bought a new position in shares of OR Royalties during the first quarter valued at approximately $28,000. Banque Cantonale Vaudoise bought a new position in OR Royalties in the 1st quarter worth $37,000. Finally, Grove Bank & Trust purchased a new position in shares of OR Royalties in the 2nd quarter valued at approximately $32,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Trading Down 4.3%

OR Royalties stock opened at $33.30 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. OR Royalties Inc. has a one year low of $27.54 and a one year high of $48.06. The stock has a market capitalization of $6.21 billion, a PE ratio of 27.63 and a beta of 0.78. The business's fifty day moving average is $35.59 and its 200 day moving average is $34.92.

OR Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $97.82 million for the quarter, compared to analysts' expectations of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. On average, sell-side analysts predict that OR Royalties Inc. will post 1.26 EPS for the current year.

OR Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a dividend of $0.0650 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. OR Royalties's payout ratio is currently 16.67%.

Analyst Ratings Changes

OR has been the topic of a number of recent research reports. Zacks Research upgraded shares of OR Royalties from a "strong sell" rating to a "hold" rating in a report on Monday, September 14th. Scotiabank lowered their target price on shares of OR Royalties from $51.00 to $42.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Royal Bank Of Canada boosted their price target on OR Royalties from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Weiss Ratings raised OR Royalties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Finally, Jefferies Financial Group reduced their price objective on OR Royalties from $40.00 to $34.00 and set a "hold" rating for the company in a research report on Monday, July 6th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.

OR Royalties Company Profile

OR Royalties Inc NYSE: OR is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.

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