OR Royalties (NYSE:OR) Trading Down 5.5% - What's Next?

OR Royalties Inc. (NYSE:OR - Get Free Report)'s share price traded down 5.5% on Tuesday . The company traded as low as $25.72 and last traded at $25.76. 515,140 shares changed hands 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.

Analysts Set New Price Targets

OR has been the subject of several research analyst reports. Scotiabank upped their price target on shares of OR Royalties from $26.00 to $28.00 and gave the stock a "sector outperform" rating in a report on Monday. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a report on Saturday, June 14th. Royal Bank Of Canada cut their price target on OR Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Finally, Raymond James Financial reissued an "outperform" rating on shares of OR Royalties in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $24.33.

OR Royalties Price Performance

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 company has a fifty day moving average of $25.29 and a 200 day moving average of $21.76. The firm has a market capitalization of $5.24 billion, a P/E ratio of 163.94 and a beta of 0.75.

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. OR Royalties had a net margin of 15.28% and a return on equity of 8.66%. The company had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. Sell-side analysts predict that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.055 dividend. 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. This represents a $0.22 annualized dividend and a dividend yield of 0.79%. OR Royalties's dividend payout ratio (DPR) is 111.76%.

Institutional Investors Weigh In On OR Royalties

Several large investors have recently added to or reduced their stakes in OR. Plato Investment Management Ltd bought a new position in shares of OR Royalties during the 1st quarter worth approximately $56,000. Summit Securities Group LLC bought a new position in OR Royalties during the first quarter worth $62,000. Northwest & Ethical Investments L.P. grew its holdings in OR Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after purchasing an additional 626 shares during the period. Employees Retirement System of Texas bought a new stake in OR Royalties in the fourth quarter valued at $131,000. Finally, Hsbc Holdings PLC bought a new stake in OR Royalties in the first quarter valued at $208,000. Institutional investors and hedge funds 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.