Vanguard Group Inc. Purchases 43,417 Shares of OR Royalties Inc. $OR

Key Points

• Vanguard Group Inc. has increased its stake in OR Royalties Inc. by 0.6%, owning approximately 3.88% of the company worth $153 million as of the latest SEC filing.
• Several hedge funds, including JPMorgan Chase & Co. and Barclays PLC, also raised their positions in OR Royalties during the fourth quarter, indicating growing institutional interest.
• In its latest earnings report, OR Royalties missed profit expectations, reporting EPS of $0.13 compared to the consensus estimate of $0.17, with revenue significantly below projections at $60.36 million.

Vanguard Group Inc. boosted its holdings in shares of OR Royalties Inc. (NYSE:OR - Free Report) by 0.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,251,763 shares of the basic materials company's stock after purchasing an additional 43,417 shares during the period. Vanguard Group Inc. owned approximately 3.88% of OR Royalties worth $153,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. PFG Investments LLC grew its stake in OR Royalties by 2.5% during the 1st quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock valued at $537,000 after acquiring an additional 613 shares in the last quarter. SeaBridge Investment Advisors LLC increased its stake in OR Royalties by 14.8% in the 1st 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 during the period. Geode Capital Management LLC increased its stake in OR Royalties by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company's stock valued at $1,528,000 after buying an additional 2,981 shares during the period. JPMorgan Chase & Co. increased its stake in OR Royalties by 20.4% in the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after buying an additional 3,455 shares during the period. Finally, Addenda Capital Inc. increased its stake in OR Royalties by 10.3% in the 1st quarter. Addenda Capital Inc. now owns 42,261 shares of the basic materials company's stock valued at $893,000 after buying an additional 3,936 shares during the period. 68.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Scotiabank upped their price objective on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research note on Monday, July 7th. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Stock Up 0.8%

Shares of OR traded up $0.2320 during trading hours on Friday, hitting $30.8820. 739,725 shares of the company were exchanged, compared to its average volume of 798,207. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. The company has a market cap of $5.81 billion, a PE ratio of 55.12 and a beta of 0.71. The firm's 50 day moving average is $27.84 and its 200-day moving average is $24.02. OR Royalties Inc. has a 52 week low of $16.50 and a 52 week high of $31.28.

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 for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. On average, equities research analysts forecast that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The company also recently disclosed 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. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio is currently 51.35%.

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.