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OR Royalties (NYSE:OR) Given Hold (C+) Rating at Weiss Ratings

OR Royalties logo with Basic Materials background

Key Points

  • OR Royalties' stock has been given a **"hold (C+)" rating** by Weiss Ratings, although multiple analysts have varied opinions, with upgrades to both **"buy"** and **"strong-buy"** ratings from others.
  • The stock's **current price target** ranges between **$31.75** and **$40.00**, reflecting differing analyst sentiment on its performance moving forward.
  • In the latest quarterly earnings report, OR Royalties reported **$0.13 EPS**, which missed consensus estimates of **$0.17** and also fell short of revenue expectations with **$60.36 million** generated.
  • Interested in OR Royalties? Here are five stocks we like better.

OR Royalties (NYSE:OR - Get Free Report)'s stock had its "hold (c+)" rating reiterated by research analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Several other research analysts also recently weighed in on the company. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, October 4th. Jefferies Financial Group reiterated a "hold" rating and issued a $40.00 price target (up from $34.00) on shares of OR Royalties in a report on Monday. Raymond James Financial boosted their price target on OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, September 12th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. Finally, Zacks Research upgraded OR Royalties from a "hold" rating to a "strong-buy" rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $31.75.

Read Our Latest Analysis on OR Royalties

OR Royalties Stock Down 1.7%

OR opened at $40.03 on Wednesday. The stock has a market capitalization of $7.53 billion, a P/E ratio of 107.98 and a beta of 0.75. OR Royalties has a one year low of $17.55 and a one year high of $42.25. The business's 50-day simple moving average is $33.96 and its 200-day simple moving average is $27.80. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73.

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 for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Analysts anticipate that OR Royalties will post 0.62 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Versor Investments LP bought a new position in OR Royalties in the 1st quarter worth $840,000. Trexquant Investment LP acquired a new stake in OR Royalties in the 1st quarter worth $248,000. Hsbc Holdings PLC acquired a new stake in OR Royalties in the 1st quarter worth $208,000. Farther Finance Advisors LLC acquired a new stake in OR Royalties in the 2nd quarter worth $314,000. Finally, Bessemer Group Inc. grew its position in OR Royalties by 155.1% in the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock worth $1,164,000 after purchasing an additional 33,500 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

About OR Royalties

(Get Free Report)

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.

Further Reading

Analyst Recommendations for OR Royalties (NYSE:OR)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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