OR Royalties Inc. (NYSE:OR) Given Average Rating of "Hold" by Analysts

Key Points

• Analysts have a consensus “Hold” rating on OR Royalties, with one sell, four hold, three buy and one strong-buy recommendation. The average 12-month price target is $40.50, though several firms recently lowered their targets.
• OR Royalties opened at $34.91 and has traded between $27.54 and $48.06 over the past year. Its latest quarterly results slightly exceeded EPS expectations at $0.32 versus $0.31, while revenue of $97.82 million was broadly in line with estimates.
• The company declared a quarterly dividend of $0.065 per share, equivalent to an annualized $0.26 dividend and a 0.7% yield. Institutional investors own 68.52% of the stock, with Goldman Sachs and JPMorgan among firms that increased their positions.

Shares of OR Royalties Inc. (NYSE:OR - Get Free Report) have been given an average rating of "Hold" by the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $40.50.

Several equities research analysts have recently weighed in on OR shares. Zacks Research cut shares of OR Royalties from a "hold" rating to a "strong sell" rating in a research report on Monday, July 13th. Royal Bank Of Canada cut their price target on shares of OR Royalties from $50.00 to $45.00 and set an "outperform" rating on the stock in a research report on Thursday, July 9th. Jefferies Financial Group decreased their price target on OR Royalties from $40.00 to $34.00 and set a "hold" rating for the company in a report on Monday, July 6th. Scotiabank decreased their price target on OR Royalties from $51.00 to $42.00 and set a "sector perform" rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings lowered OR Royalties from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, July 24th.

OR Royalties Stock Performance

NYSE:OR opened at $34.91 on Thursday. The company has a market capitalization of $6.51 billion, a PE ratio of 23.28 and a beta of 0.75. The company has a 50 day simple moving average of $31.53 and a two-hundred day simple moving average of $36.57. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06.

OR Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The firm had revenue of $97.82 million for the quarter, compared to the consensus estimate of $97.93 million. Research analysts anticipate that OR Royalties will post 1.25 earnings per share for the current year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.26 annualized dividend and a yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is currently 16.67%.

Institutional Investors Weigh In On OR Royalties

A number of hedge funds have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. boosted its holdings in shares of OR Royalties by 152.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company's stock worth $26,539,000 after buying an additional 758,815 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of OR Royalties by 2.7% in the 2nd quarter. Geode Capital Management LLC now owns 92,267 shares of the basic materials company's stock valued at $2,384,000 after acquiring an additional 2,459 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of OR Royalties by 3.5% in the 2nd quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company's stock valued at $337,000 after acquiring an additional 440 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of OR Royalties by 58.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 205,176 shares of the basic materials company's stock valued at $5,275,000 after acquiring an additional 75,596 shares during the period. Finally, Gamco Investors INC. ET AL acquired a new position in shares of OR Royalties during the 2nd quarter valued at $1,051,000. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Company Profile

OR Royalties PLC NYSE: OR is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company's core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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