OR Royalties Inc. (NYSE:OR - Get Free Report) traded down 5.5% during trading on Tuesday . The company traded as low as $25.72 and last traded at $25.76. 515,140 shares were traded during mid-day trading, a decline of 40% from the average session volume of 856,813 shares. The stock had previously closed at $27.25.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the stock. Raymond James Financial reaffirmed an "outperform" rating on shares of OR Royalties in a research report on Friday, April 4th. Scotiabank increased their price target 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. Royal Bank Of Canada decreased their price target on shares of OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of OR Royalties from a "hold" rating to a "buy" rating in a research note on Saturday, June 14th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, OR Royalties has a consensus rating of "Moderate Buy" and an average price target of $24.33.
View Our Latest Stock Analysis on OR
OR Royalties Price Performance
The company's 50-day moving average is $25.17 and its 200-day moving average is $21.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.98 and a quick ratio of 4.98. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 156.59 and a beta of 0.75.
OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. On average, research analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current year.
OR Royalties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.83%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's payout ratio is 111.76%.
Institutional Trading of OR Royalties
Institutional investors and hedge funds have recently modified their holdings of the business. Plato Investment Management Ltd acquired a new stake in shares of OR Royalties during the first quarter worth $56,000. SBI Securities Co. Ltd. bought a new position in shares of OR Royalties during the fourth quarter worth about $57,000. Summit Securities Group LLC bought a new position in shares of OR Royalties during the first quarter worth about $62,000. Northwest & Ethical Investments L.P. grew its position in shares of OR Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after acquiring an additional 626 shares during the last quarter. Finally, Employees Retirement System of Texas bought a new position in shares of OR Royalties during the fourth quarter worth about $131,000. 68.52% of the stock is owned by institutional investors and hedge funds.
OR Royalties Company Profile
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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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