Vanguard Group Inc. Increases Position in 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. increased its stake in OR Royalties Inc. (NYSE:OR - Free Report) by 0.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,251,763 shares of the basic materials company's stock after purchasing an additional 43,417 shares during the quarter. Vanguard Group Inc. owned approximately 3.88% of OR Royalties worth $153,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Mackenzie Financial Corp raised its holdings in shares of OR Royalties by 52.2% in the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock worth $106,382,000 after purchasing an additional 1,728,760 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OR Royalties during the 4th quarter valued at $60,364,000. Tidal Investments LLC bought a new stake in OR Royalties during the 4th quarter valued at $34,209,000. Dimensional Fund Advisors LP raised its holdings in OR Royalties by 1.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 872,588 shares of the basic materials company's stock valued at $15,794,000 after acquiring an additional 11,088 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in OR Royalties by 6.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 844,897 shares of the basic materials company's stock valued at $15,316,000 after acquiring an additional 48,093 shares during the period. Institutional investors own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a report on Friday. CIBC reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Finally, Scotiabank boosted their target price on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a report on Monday, July 7th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Price Performance

Shares of OR Royalties stock traded up $0.27 during trading on Tuesday, hitting $31.05. The stock had a trading volume of 761,441 shares, compared to its average volume of 795,873. The firm has a market cap of $5.84 billion, a price-to-earnings ratio of 83.93 and a beta of 0.71. OR Royalties Inc. has a 12 month low of $16.50 and a 12 month high of $31.29. The business's 50-day moving average is $28.03 and its 200 day moving average is $24.17. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03.

OR Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. As a group, sell-side analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.7%. OR Royalties's payout ratio is 51.35%.

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.