OR Royalties (NYSE:OR) Downgraded by Wall Street Zen to Hold

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

A number of other research firms have also weighed in on OR. Royal Bank Of Canada dropped their price objective 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. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Scotiabank upped their price objective on OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research note on Monday, July 7th. Finally, Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Stock Performance

OR Royalties stock traded up $1.07 during trading on Friday, reaching $27.87. The company had a trading volume of 1,847,130 shares, compared to its average volume of 747,657. OR Royalties has a 52 week low of $15.78 and a 52 week high of $27.91. The firm's 50-day simple moving average is $25.39 and its 200 day simple moving average is $21.82. The firm has a market capitalization of $5.24 billion, a price-to-earnings ratio of 163.94 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 announced its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $54.92 million for 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%. Sell-side analysts forecast that OR Royalties will post 0.62 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of OR Royalties during the fourth quarter valued at about $60,364,000. Arrowstreet Capital Limited Partnership grew its position in shares of OR Royalties by 352.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after purchasing an additional 3,194,173 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its position in OR Royalties by 116.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock worth $101,181,000 after acquiring an additional 2,574,458 shares in the last quarter. Elliott Investment Management L.P. purchased a new position in OR Royalties in the first quarter worth about $46,045,000. Finally, Tidal Investments LLC purchased a new position in OR Royalties in the fourth quarter worth about $34,209,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

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.