OR Royalties (NYSE:OR) Raised to Buy at Wall Street Zen

Key Points

• OR Royalties has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating a positive outlook on the stock's future performance.
• Multiple analysts have rated OR Royalties, with six analysts giving it a Buy rating and two providing a Hold rating, along with a consensus price target of $24.33.
• OR Royalties reported a quarterly EPS of $0.13, which was below the analysts' expectations, highlighting some financial challenges despite the positive analyst sentiment.

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

A number of other research analysts have also issued reports on OR. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a report on Tuesday, June 24th. CIBC restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, July 15th. Finally, Scotiabank boosted their target price on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a research report on Monday, July 7th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, OR Royalties has a consensus rating of "Moderate Buy" and an average target price of $24.33.

OR Royalties Stock Performance

NYSE OR opened at $30.8820 on Friday. The company has a market cap of $5.81 billion, a P/E ratio of 83.47 and a beta of 0.71. 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 has a 50-day moving average of $27.84 and a two-hundred day moving average of $23.99. OR Royalties has a 1-year low of $16.50 and a 1-year high of $31.28.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The company had revenue of $60.36 million for the quarter, compared to analyst estimates of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. As a group, analysts anticipate that OR Royalties will post 0.62 EPS for the current year.

Institutional Investors Weigh In On OR Royalties

Large investors have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of OR Royalties by 20.4% in the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after acquiring an additional 3,455 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of OR Royalties by 155.1% in the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock valued at $1,164,000 after acquiring an additional 33,500 shares in the last quarter. Deutsche Bank AG raised its stake in shares of OR Royalties by 629.2% in the 4th quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock valued at $1,440,000 after acquiring an additional 68,668 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of OR Royalties by 78.3% in the 4th quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company's stock valued at $1,220,000 after acquiring an additional 29,606 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of OR Royalties by 32.3% in the 1st quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company's stock valued at $404,000 after acquiring an additional 4,669 shares in the last quarter. 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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