OR Royalties (NYSE:OR) Reaches New 12-Month High - What's Next?

OR Royalties Inc. (NYSE:OR - Get Free Report) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $28.54 and last traded at $28.47, with a volume of 244989 shares changing hands. The stock had previously closed at $27.85.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on OR shares. Raymond James Financial restated an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. Wall Street Zen lowered shares of OR Royalties from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Royal Bank Of Canada decreased their price objective on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Scotiabank upped 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 note on Monday, July 7th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. 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 Up 2.8%

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 company has a market cap of $5.39 billion, a price-to-earnings ratio of 168.62 and a beta of 0.75. The business has a 50-day simple moving average of $25.73 and a two-hundred day simple moving average of $22.19.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $79.63 million. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. As a group, equities analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.055 per share. This is an increase from OR Royalties's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, June 30th. OR Royalties's payout ratio is currently 111.76%.

Hedge Funds Weigh In On OR Royalties

Several large investors have recently bought and sold shares of OR. Plato Investment Management Ltd purchased a new position in shares of OR Royalties during the first quarter valued at approximately $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties during the 1st quarter valued at approximately $62,000. Employees Retirement System of Texas bought a new position in shares of OR Royalties in the fourth quarter worth about $1,306,000. Hsbc Holdings PLC bought a new stake in shares of OR Royalties in the first quarter worth about $208,000. Finally, Autumn Glory Partners LLC bought a new position in shares of OR Royalties during the 1st quarter valued at approximately $232,000. 68.52% of the stock is currently owned by institutional investors.

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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