OR Royalties (NYSE:OR) Issues Earnings Results

Key Points

• OR Royalties reported quarterly earnings of $0.13 per share, missing estimates by $0.05, with a return on equity of 8.66% and a net margin of 15.28%.
• The company recently increased its quarterly dividend to $0.055, which represents a 0.7% dividend yield, despite a high payout ratio of 111.76%.
• Analysts maintain an average rating of "Moderate Buy" for OR Royalties, with some institutions like Goldman Sachs increasing their stake in the company by 152.4% during the first quarter.

OR Royalties (NYSE:OR - Get Free Report) released its quarterly earnings data on Tuesday. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04), Zacks reports. OR Royalties had a net margin of 35.25% and a return on equity of 8.71%. The company had revenue of $60.36 million during the quarter, compared to analyst estimates of $83.25 million.

OR Royalties Trading Up 2.3%

Shares of OR stock traded up $0.69 during mid-day trading on Thursday, reaching $30.37. 1,027,166 shares of the stock traded hands, compared to its average volume of 866,292. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 82.09 and a beta of 0.71. The company has a quick ratio of 4.98, a current ratio of 4.98 and a debt-to-equity ratio of 0.06. The stock's fifty day simple moving average is $26.91 and its two-hundred day simple moving average is $23.09. OR Royalties has a 1-year low of $15.95 and a 1-year high of $30.39.

OR Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.055 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.22 annualized dividend and a yield of 0.7%. OR Royalties's dividend payout ratio (DPR) is currently 51.35%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in OR Royalties stock. Goldman Sachs Group Inc. raised its position in OR Royalties Inc. (NYSE:OR - Free Report) by 152.4% during the first quarter, according to its most recent filing with the SEC. The firm owned 1,256,583 shares of the basic materials company's stock after purchasing an additional 758,815 shares during the period. Goldman Sachs Group Inc. owned 0.67% of OR Royalties worth $26,539,000 as of its most recent filing with the SEC. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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.