OR Royalties Inc. (NYSE:OR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• OR Royalties Inc. has received an average analyst rating of "Moderate Buy", with six buy recommendations and two holds from eight firms covering the stock.
• The company recently reported $0.13 EPS for the quarter, missing estimates, and has a revenue of $60.36 million against expectations of $83.25 million.
• OR Royalties announced a quarterly dividend of $0.055 per share, representing an annual yield of 0.7%, with the ex-dividend date set for September 30th.

OR Royalties Inc. (NYSE:OR - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $24.3333.

A number of brokerages have recently commented on OR. Wall Street Zen cut OR Royalties from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Scotiabank increased 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 reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th.

Institutional Trading of OR Royalties

Hedge funds have recently bought and sold shares of the company. Plato Investment Management Ltd purchased a new position in shares of OR Royalties during the first quarter valued at approximately $56,000. Summit Securities Group LLC purchased a new position in shares of OR Royalties during the first quarter valued at approximately $62,000. Employees Retirement System of Texas purchased a new position in shares of OR Royalties during the fourth quarter valued at approximately $131,000. Twin Tree Management LP bought a new stake in shares of OR Royalties during the second quarter valued at approximately $245,000. Finally, Hsbc Holdings PLC bought a new stake in shares of OR Royalties during the first quarter valued at approximately $208,000. Institutional investors own 68.52% of the company's stock.

OR Royalties Stock Down 1.1%

Shares of NYSE OR traded down $0.33 during midday trading on Friday, hitting $30.48. 179,138 shares of the stock traded hands, compared to its average volume of 858,964. The company has a market cap of $5.74 billion, a PE ratio of 82.56 and a beta of 0.71. OR Royalties has a one year low of $16.50 and a one year high of $31.28. The business has a 50 day moving average price of $27.23 and a two-hundred day moving average price of $23.41. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73.

OR Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $60.36 million for the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. On average, equities analysts predict that OR Royalties 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. Investors of record on Tuesday, September 30th will be given a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.7%. OR Royalties's payout ratio is presently 51.35%.

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.