Versor Investments LP Purchases Shares of 39,800 OR Royalties Inc. $OR

Key Points

• Versor Investments LP recently acquired a stake in OR Royalties Inc., purchasing 39,800 shares valued at approximately $840,000.
• The company reported earnings of $0.13 per share for the last quarter, falling short of analyst estimates of $0.17, with revenues of $60.36 million.
• OR Royalties has announced a quarterly dividend of $0.055, yielding 0.7%, which will be payable on October 15th to shareholders of record as of September 30th.

Versor Investments LP purchased a new position in shares of OR Royalties Inc. (NYSE:OR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 39,800 shares of the basic materials company's stock, valued at approximately $840,000.

Several other hedge funds and other institutional investors have also made changes to their positions in OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OR Royalties during the 4th quarter worth $60,364,000. Tidal Investments LLC acquired a new position in shares of OR Royalties during the 4th quarter worth $34,209,000. Mackenzie Financial Corp raised its stake in shares of OR Royalties by 52.2% during the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock worth $106,382,000 after buying an additional 1,728,760 shares during the last quarter. Alberta Investment Management Corp raised its stake in shares of OR Royalties by 717.1% during the 1st quarter. Alberta Investment Management Corp now owns 790,961 shares of the basic materials company's stock worth $16,690,000 after buying an additional 694,161 shares during the last quarter. Finally, Genus Capital Management Inc. raised its stake in OR Royalties by 203.3% in the 1st quarter. Genus Capital Management Inc. now owns 105,800 shares of the basic materials company's stock valued at $2,233,000 after purchasing an additional 208,230 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

OR Royalties Trading Up 0.8%

OR traded up $0.2320 during midday trading on Friday, hitting $30.8820. The company's stock had a trading volume of 739,725 shares, compared to its average volume of 798,207. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm has a market cap of $5.81 billion, a P/E ratio of 83.47 and a beta of 0.71. The firm has a 50-day moving average price of $27.84 and a two-hundred day moving average price of $23.99. 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 posted its quarterly earnings results on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. On average, research analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued 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%.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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 research note on Monday, July 7th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, OR Royalties currently has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.

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.