OR Royalties Inc. (NYSE:OR) Given Consensus Rating of "Moderate Buy" by Brokerages

OR Royalties Inc. (NYSE:OR - Get Free Report) has been given an average recommendation of "Moderate Buy" by the seven research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $23.00.

OR has been the topic of a number of analyst reports. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Wednesday, April 23rd. Royal Bank Of Canada lowered their price target on OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Raymond James Financial restated an "outperform" rating on shares of OR Royalties in a report on Friday, April 4th. Finally, Scotiabank upgraded shares of OR Royalties from a "sector perform" rating to a "sector outperform" rating and increased their target price for the stock from $22.00 to $24.00 in a report on Monday, April 14th.

Institutional Trading of OR Royalties

Large investors have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new stake in shares of OR Royalties in the 1st quarter valued at about $56,000. SBI Securities Co. Ltd. bought a new position in shares of OR Royalties during the fourth quarter worth about $57,000. Summit Securities Group LLC acquired a new stake in OR Royalties in the 1st quarter valued at approximately $62,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in OR Royalties in the 4th quarter valued at approximately $72,000. Finally, Northwest & Ethical Investments L.P. boosted its position in OR Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after acquiring an additional 626 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

OR Royalties Price Performance

Shares of OR traded down $0.43 during mid-day trading on Friday, hitting $25.49. 888,957 shares of the company traded hands, compared to its average volume of 741,325. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 149.92 and a beta of 0.76. The business has a 50-day moving average of $24.64 and a 200 day moving average of $21.17. OR Royalties has a one year low of $15.12 and a one year high of $27.60.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. As a group, equities analysts expect that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.055 dividend. The ex-dividend date is Monday, June 30th. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a dividend yield of 0.86%. OR Royalties's payout ratio is currently 105.88%.

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.