OR Royalties Inc. (NYSE:OR) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of OR Royalties Inc. (NYSE:OR - Get Free Report) have received an average rating of "Moderate Buy" from the eight ratings firms that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.33.

Several equities research analysts recently issued reports on the stock. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Royal Bank Of Canada cut their target price on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. CIBC reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday. Wall Street Zen lowered shares of OR Royalties from a "buy" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Scotiabank lifted their price objective on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research note on Monday, July 7th.

Institutional Investors Weigh In On OR Royalties

A number of large investors have recently modified their holdings of the business. Plato Investment Management Ltd acquired a new position in OR Royalties in the first quarter valued at approximately $56,000. Summit Securities Group LLC acquired a new position in shares of OR Royalties during the 1st quarter worth approximately $62,000. Northwest & Ethical Investments L.P. raised its stake in shares of 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 buying an additional 626 shares during the period. 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. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Stock Performance

Shares of NYSE:OR traded down $0.49 during trading on Wednesday, hitting $27.11. The company's stock had a trading volume of 292,818 shares, compared to its average volume of 870,943. The company has a 50-day moving average of $25.60 and a 200-day moving average of $22.01. 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 current ratio of 4.98 and a quick ratio of 4.98. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 159.45 and a beta of 0.75.

OR Royalties (NYSE:OR - Get Free Report) last issued 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. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. On average, sell-side analysts expect 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. Shareholders of record on Monday, June 30th were issued a $0.055 dividend. The ex-dividend date was Monday, June 30th. This is an increase from OR Royalties's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.81%. OR Royalties's payout ratio 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.