OR Royalties Inc. (NYSE:OR) Receives Average Rating of "Moderate Buy" from 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 given an average recommendation of "Moderate Buy" by the eight ratings firms that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $24.3333.

A number of equities analysts have recently issued reports on OR shares. Scotiabank increased their price objective on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research note on Monday, July 7th. CIBC restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Wall Street Zen cut shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, National Bankshares restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th.

OR Royalties Price Performance

NYSE:OR opened at $30.46 on Friday. The stock has a market cap of $5.73 billion, a P/E ratio of 82.31 and a beta of 0.71. OR Royalties has a one year low of $16.11 and a one year high of $30.76. The company has a fifty day moving average price of $27.01 and a 200 day moving average price of $23.20. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.98.

OR Royalties (NYSE:OR - Get Free Report) last released its earnings results 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 company had revenue of $60.36 million for the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Analysts anticipate that OR Royalties will post 0.62 earnings per share for the current year.

OR Royalties Announces Dividend

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 dividend of $0.055 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is 59.46%.

Institutional Investors Weigh In On OR Royalties

A number of hedge funds have recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new stake in OR Royalties in the 1st quarter valued at about $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties in the 1st quarter valued at about $62,000. Employees Retirement System of Texas bought a new position in shares of OR Royalties in the 4th quarter valued at about $131,000. Hsbc Holdings PLC bought a new position in shares of OR Royalties in the 1st quarter valued at about $208,000. Finally, Franklin Resources Inc. boosted its stake in shares of OR Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 534 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

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.

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