OR Royalties (NYSE:OR) Receives "Hold" Rating from Jefferies Financial Group

Key Points

• OR Royalties' stock receives a "hold" rating from Jefferies Financial Group, with a revised target price of $40.00, indicating a potential upside of 1.50% from its current price.
• The company reported $0.13 EPS for the last quarter, falling short of the consensus estimate of $0.17, alongside revenues of $60.36 million compared to expectations of $83.25 million.
• OR Royalties has a consensus rating of "Moderate Buy" with five analysts giving a Buy rating and five rating it as Hold.

OR Royalties (NYSE:OR - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Jefferies Financial Group in a report released on Monday,Benzinga reports. They presently have a $40.00 target price on the basic materials company's stock, up from their previous target price of $34.00. Jefferies Financial Group's price objective would indicate a potential upside of 1.50% from the stock's current price.

Several other equities analysts have also recently commented on OR. Weiss Ratings restated a "hold (c+)" rating on shares of OR Royalties in a research report on Saturday, September 27th. Raymond James Financial upped their price objective on shares of OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a research note on Friday, September 12th. National Bankshares reissued an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Canaccord Genuity Group downgraded shares of OR Royalties from a "strong-buy" rating to a "hold" rating in a report on Thursday. Finally, CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat, OR Royalties has a consensus rating of "Moderate Buy" and an average price target of $31.75.

OR Royalties Trading Down 0.7%

Shares of NYSE:OR opened at $39.41 on Monday. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm has a fifty day moving average price of $33.19 and a 200 day moving average price of $27.47. OR Royalties has a 1 year low of $17.55 and a 1 year high of $41.05. The stock has a market capitalization of $7.42 billion, a PE ratio of 106.51 and a beta of 0.75.

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

Institutional Investors Weigh In On OR Royalties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cetera Investment Advisers increased its position in shares of OR Royalties by 3.5% during the 2nd quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company's stock valued at $337,000 after purchasing an additional 440 shares during the last quarter. PFG Investments LLC increased its holdings in OR Royalties by 2.5% in the 1st quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock worth $537,000 after acquiring an additional 613 shares in the last quarter. Vident Advisory LLC increased its holdings in OR Royalties by 2.0% in the 2nd quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company's stock worth $1,089,000 after acquiring an additional 820 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in OR Royalties by 0.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 283,500 shares of the basic materials company's stock worth $7,291,000 after acquiring an additional 1,500 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its holdings in OR Royalties by 14.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock worth $327,000 after acquiring an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.

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.

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