Yaupon Capital Management LP Sells 175,684 Shares of OR Royalties Inc. $OR

Key Points

• Yaupon Capital Management LP reduced its stake in OR Royalties Inc. by 21.8%, owning 629,871 shares worth approximately $13.29 million after selling 175,684 shares during the 1st quarter.
• Several institutional investors, including EdgePoint Investment Group and T. Rowe Price, have increased their positions in OR Royalties, indicating growing confidence in the stock, which is now owned approximately 68.52% by institutional investors.
• Analysts have a consensus rating of "Moderate Buy" for OR Royalties, with six analysts recommending a "Buy" and a target price increase from $26 to $28, indicating positive sentiment toward the company's future performance.

Yaupon Capital Management LP trimmed its position in OR Royalties Inc. (NYSE:OR - Free Report) by 21.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,871 shares of the basic materials company's stock after selling 175,684 shares during the quarter. Yaupon Capital Management LP owned approximately 0.34% of OR Royalties worth $13,293,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. EdgePoint Investment Group Inc. lifted its stake in OR Royalties by 6.8% in the 1st quarter. EdgePoint Investment Group Inc. now owns 24,020,067 shares of the basic materials company's stock worth $507,009,000 after purchasing an additional 1,534,292 shares in the last quarter. Vanguard Group Inc. grew its position in OR Royalties by 0.6% during the first quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company's stock worth $153,041,000 after buying an additional 43,417 shares in the last quarter. Mackenzie Financial Corp increased its stake in 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 acquiring an additional 1,728,760 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in OR Royalties by 116.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock worth $101,181,000 after acquiring an additional 2,574,458 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of OR Royalties by 13.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company's stock valued at $79,566,000 after acquiring an additional 435,467 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on OR shares. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. Raymond James Financial increased their price target on shares of OR Royalties from $34.00 to $36.00 and gave the stock an "outperform" rating in a report on Friday. Scotiabank upped their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Finally, CIBC reiterated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.25.

OR Royalties Trading Up 0.2%

Shares of OR traded up $0.07 during trading hours on Friday, hitting $35.96. The company had a trading volume of 1,131,348 shares, compared to its average volume of 862,409. OR Royalties Inc. has a 52-week low of $17.55 and a 52-week high of $36.20. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The stock's 50 day moving average price is $30.09 and its 200 day moving average price is $25.41. The firm has a market cap of $6.77 billion, a P/E ratio of 97.19 and a beta of 0.72.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $60.36 million for the quarter, compared to the consensus estimate of $83.25 million. On average, research analysts predict that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, September 30th. OR Royalties's dividend payout ratio is currently 56.76%.

OR Royalties 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.