OR Royalties (NYSE:OR) Hits New 12-Month High - Still a Buy?

Key Points

• OR Royalties Inc. reached a new 52-week high of $30.78 during trading, with a last trading price of $30.69.
• A recent earnings report revealed that OR Royalties missed earnings expectations, reporting $0.13 earnings per share compared to the consensus estimate of $0.17.
• The company announced a quarterly dividend of $0.055, with an annualized yield of 0.7%, set to be paid on October 15th.

OR Royalties Inc. (NYSE:OR - Get Free Report)'s stock price reached a new 52-week high during trading on Monday . The company traded as high as $30.78 and last traded at $30.69, with a volume of 329166 shares trading hands. The stock had previously closed at $30.41.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. CIBC reissued an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Scotiabank increased their target price on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, July 7th. Finally, Wall Street Zen cut shares of OR Royalties from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $24.33.

OR Royalties Trading Up 0.7%

The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The stock's fifty day simple moving average is $27.01 and its 200-day simple moving average is $23.23. The firm has a market cap of $5.77 billion, a PE ratio of 82.81 and a beta of 0.71.

OR Royalties (NYSE:OR - Get Free Report) last issued its earnings results 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). OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. The business had revenue of $60.36 million for the quarter, compared to analysts' expectations of $83.25 million. On average, sell-side analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new position in OR Royalties during the first quarter worth about $56,000. Summit Securities Group LLC acquired a new position in OR Royalties in the 1st quarter valued at about $62,000. Employees Retirement System of Texas acquired a new position in OR Royalties in the 4th quarter valued at about $131,000. Twin Tree Management LP acquired a new position in OR Royalties in the 2nd quarter valued at about $245,000. Finally, Hsbc Holdings PLC acquired a new position in OR Royalties in the 1st quarter valued at about $208,000. Hedge funds and other institutional investors 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.

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