Versor Investments LP Invests $840,000 in 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 acquired a new stake in shares of OR Royalties Inc. (NYSE:OR - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 39,800 shares of the basic materials company's stock, valued at approximately $840,000.

A number of other institutional investors have also recently modified their holdings of OR. JPMorgan Chase & Co. grew its position in shares of OR Royalties by 20.4% during the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after acquiring an additional 3,455 shares during the period. Alliancebernstein L.P. grew its position in shares of OR Royalties by 4.6% during the 4th quarter. Alliancebernstein L.P. now owns 28,700 shares of the basic materials company's stock valued at $519,000 after acquiring an additional 1,260 shares during the period. Geode Capital Management LLC grew its position in shares of OR Royalties by 3.7% during 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 acquiring an additional 2,981 shares during the period. Legal & General Group Plc grew its position in shares of OR Royalties by 3.0% during the 4th quarter. Legal & General Group Plc now owns 163,374 shares of the basic materials company's stock valued at $2,957,000 after acquiring an additional 4,750 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of OR Royalties during the 4th quarter valued at about $2,587,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

OR Royalties Price Performance

OR stock traded up $0.2320 during trading on Friday, hitting $30.8820. The stock had a trading volume of 739,725 shares, compared to its average volume of 795,417. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. OR Royalties Inc. has a twelve month low of $16.50 and a twelve month high of $31.28. The stock has a market capitalization of $5.81 billion, a P/E ratio of 83.47 and a beta of 0.71. The company's 50-day moving average price is $27.84 and its two-hundred day moving average price is $24.05.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $83.25 million. As a group, research analysts predict that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Announces Dividend

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 $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.7%. The ex-dividend date is Tuesday, September 30th. OR Royalties's payout ratio is presently 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.