OR Royalties Inc. (NYSE:OR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• OR Royalties Inc. has received a consensus recommendation of "Hold" from eleven analysts, with an average target price of $36.25 for the next year.
• The company reported an EPS of $0.13 for the last quarter, missing analyst estimates of $0.17, and had revenues of $60.36 million, below the consensus estimate of $83.25 million.
• OR Royalties recently announced a quarterly dividend of $0.055, leading to an annualized dividend of $0.22 and a yield of 0.7%.

OR Royalties Inc. (NYSE:OR - Get Free Report) has been given a consensus recommendation of "Hold" by the eleven analysts that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $36.25.

A number of analysts have recently weighed in on OR shares. CIBC reiterated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Zacks Research upgraded OR Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Raymond James Financial reiterated a "market perform" rating and set a $41.00 price target (up from $36.00) on shares of OR Royalties in a research report on Friday, October 10th. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of OR Royalties in a research report on Wednesday, October 8th.

Institutional Trading of OR Royalties

Several large investors have recently added to or reduced their stakes in OR. Plato Investment Management Ltd acquired a new stake in OR Royalties in the 1st quarter valued at approximately $56,000. Summit Securities Group LLC acquired a new stake in OR Royalties in the 1st quarter valued at approximately $62,000. Hsbc Holdings PLC acquired a new stake in OR Royalties in the 1st quarter valued at approximately $208,000. Merit Financial Group LLC acquired a new stake in OR Royalties in the 3rd quarter valued at approximately $215,000. Finally, Smith Salley Wealth Management acquired a new stake in OR Royalties in the 3rd quarter valued at approximately $228,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Trading Down 2.9%

NYSE:OR opened at $33.66 on Friday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The business's 50 day moving average is $35.59 and its two-hundred day moving average is $29.04. OR Royalties has a 52 week low of $17.55 and a 52 week high of $42.25. The company has a market cap of $6.33 billion, a PE ratio of 90.98 and a beta of 0.75.

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 analysts' consensus estimates 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 return on equity of 8.56% and a net margin of 35.25%. On average, analysts predict that OR Royalties will post 0.62 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.7%. The ex-dividend date was Tuesday, September 30th. OR Royalties's dividend payout ratio (DPR) is currently 59.46%.

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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