OR Royalties (NYSE:OR) Sets New 12-Month High - Should You Buy?

Key Points

• OR Royalties Inc. (NYSE:OR) achieved a new 52-week high, trading at $41.17, after closing at $40.40, with an overall trading volume of 1,333 shares.
• The company's latest earnings report showed a loss against expectations, with earnings per share at $0.13, falling short of the forecast of $0.17.
• OR Royalties declared a quarterly dividend of $0.055 per share, representing an annualized yield of 0.5%, with a payout ratio of 59.46%.

OR Royalties Inc. (NYSE:OR - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $41.17 and last traded at $40.17, with a volume of 1333 shares trading hands. The stock had previously closed at $40.40.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of recent analyst reports. Jefferies Financial Group restated a "hold" rating and set a $40.00 price objective (up previously from $34.00) on shares of OR Royalties in a research note on Monday. CIBC restated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, July 15th. Canaccord Genuity Group lowered shares of OR Royalties from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Scotiabank upped 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 note on Monday, July 7th. Finally, Wall Street Zen raised shares of OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $31.75.

OR Royalties Stock Performance

The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of 108.69 and a beta of 0.75. The stock has a 50 day simple moving average of $33.44 and a 200 day simple moving average of $27.61. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly 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 company had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. As a group, analysts anticipate that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties's dividend payout ratio (DPR) is 59.46%.

Hedge Funds Weigh In On OR Royalties

Several large investors have recently bought and sold shares of OR. Louisbourg Investments Inc. lifted its stake in shares of OR Royalties by 78.5% in the 1st quarter. Louisbourg Investments Inc. now owns 279,555 shares of the basic materials company's stock worth $5,906,000 after acquiring an additional 122,918 shares during the period. Autumn Glory Partners LLC bought a new stake in OR Royalties during the first quarter worth approximately $232,000. PFG Investments LLC lifted its position in OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company's stock worth $537,000 after purchasing an additional 613 shares during the period. Intact Investment Management Inc. acquired a new stake in OR Royalties in the first quarter worth approximately $1,541,000. Finally, Synergy Asset Management LLC acquired a new position in shares of OR Royalties during the 1st quarter valued at $301,000. Institutional investors and hedge funds 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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