OR Royalties Inc. (NYSE:OR) Receives Consensus Rating of "Moderate Buy" from Analysts

OR Royalties Inc. (NYSE:OR - Get Free Report) has been given an average rating of "Moderate Buy" by the eight analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $24.33.

A number of brokerages have recently commented on OR. Scotiabank upped their price target on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday, July 7th. Wall Street Zen lowered OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday. Finally, Royal Bank Of Canada cut their target price 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.

Institutional Investors Weigh In On OR Royalties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Plato Investment Management Ltd bought a new position in OR Royalties in the first quarter valued at approximately $56,000. Summit Securities Group LLC bought a new position in OR Royalties in the first quarter valued at approximately $62,000. Northwest & Ethical Investments L.P. grew its stake in OR Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 626 shares in the last quarter. Employees Retirement System of Texas acquired a new position in shares of OR Royalties during the 4th quarter worth approximately $131,000. Finally, Hsbc Holdings PLC acquired a new position in shares of OR Royalties during the 1st quarter worth approximately $208,000. Institutional investors and hedge funds own 68.52% of the company's stock.

OR Royalties Trading Up 1.1%

OR traded up $0.30 during trading on Wednesday, reaching $27.38. The company had a trading volume of 728,153 shares, compared to its average volume of 744,322. The firm's 50-day simple moving average is $25.73 and its 200 day simple moving average is $22.14. The company has a market cap of $5.15 billion, a price-to-earnings ratio of 161.06 and a beta of 0.75. OR Royalties has a 12-month low of $15.78 and a 12-month high of $28.22. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.98 and a current ratio of 4.98.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. The business 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%. Equities research analysts anticipate that OR Royalties will post 0.62 earnings per share for the current year.

OR Royalties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio (DPR) is currently 111.76%.

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.