OR Royalties (NYSE:OR) Trading Down 5.5% - Here's Why

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.

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

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.