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

Key Points

• OR Royalties Inc. has received a consensus rating of "Moderate Buy" from eight research firms, with two analysts recommending a hold and six issuing buy ratings.
• The company recently announced a quarterly dividend of $0.055 per share, set to be paid on October 15th, reflecting a 0.7% yield.
• OR Royalties reported a quarterly EPS of $0.13, missing estimates, and had a revenue of $60.36 million, compared to analyst expectations of $83.25 million.

Shares of OR Royalties Inc. (NYSE:OR - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $24.3333.

OR has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Friday, August 22nd. CIBC reiterated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Scotiabank upped their price target on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. Finally, National Bankshares restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th.

Hedge Funds Weigh In On OR Royalties

Large investors have recently bought and sold shares of the company. Versor Investments LP bought a new position in shares of OR Royalties during the first quarter worth about $840,000. Bessemer Group Inc. grew its holdings in OR Royalties by 155.1% during the first quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock worth $1,164,000 after buying an additional 33,500 shares in the last quarter. Russell Investments Group Ltd. grew its stake in OR Royalties by 10.3% in the 1st quarter. Russell Investments Group Ltd. now owns 174,975 shares of the basic materials company's stock valued at $3,693,000 after purchasing an additional 16,396 shares during the period. Deutsche Bank AG grew its stake in OR Royalties by 629.2% in the 4th quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock valued at $1,440,000 after purchasing an additional 68,668 shares during the period. Finally, Two Sigma Investments LP grew its stake in shares of OR Royalties by 78.3% during the 4th quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock worth $1,220,000 after acquiring an additional 29,606 shares during the period. 68.52% of the stock is currently owned by institutional investors.

OR Royalties Trading Up 2.3%

Shares of OR Royalties stock opened at $33.25 on Thursday. The company's fifty day simple moving average is $28.79 and its 200-day simple moving average is $24.64. The company has a market cap of $6.26 billion, a price-to-earnings ratio of 89.86 and a beta of 0.72. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. OR Royalties has a 1 year low of $16.50 and a 1 year high of $33.37.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $60.36 million during the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. As a group, sell-side analysts expect that OR Royalties will post 0.62 EPS for the current year.

OR Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.055 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is 51.35%.

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.

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