OR Royalties (NYSE:OR) Cut to "Hold" at Wall Street Zen

OR Royalties (NYSE:OR - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.

Other equities research analysts also recently issued research reports about the stock. Raymond James Financial reiterated an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Scotiabank lifted their price target 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. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Finally, Royal Bank Of Canada reduced their target price on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Trading Up 0.3%

Shares of OR traded up $0.07 during midday trading on Friday, hitting $27.52. The stock had a trading volume of 693,321 shares, compared to its average volume of 748,471. OR Royalties has a fifty-two week low of $15.78 and a fifty-two week high of $28.22. The business has a 50-day simple moving average of $25.46 and a two-hundred day simple moving average of $21.93. The firm has a market cap of $5.18 billion, a P/E ratio of 161.94 and a beta of 0.75. The company has a current ratio of 4.98, a quick ratio of 4.98 and a debt-to-equity ratio of 0.06.

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, beating 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 analyst estimates of $79.63 million. As a group, equities analysts forecast that OR Royalties will post 0.62 EPS for the current year.

Hedge Funds Weigh In On OR Royalties

A number of large investors have recently bought and sold shares of the company. Plato Investment Management Ltd acquired a new stake in shares of OR Royalties in the 1st quarter valued at approximately $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties in the first quarter worth $62,000. Northwest & Ethical Investments L.P. grew its position 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 acquiring an additional 626 shares during the last quarter. Employees Retirement System of Texas bought a new position in OR Royalties in the fourth quarter valued at about $131,000. Finally, Hsbc Holdings PLC bought a new position in OR Royalties in the first quarter valued at about $208,000. 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.