OR Royalties Inc. (NYSE:OR - Get Free Report) shares traded down 5.5% on Tuesday . The company traded as low as $25.72 and last traded at $25.76. 515,140 shares traded 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.
Wall Street Analyst Weigh In
OR has been the subject of a number of research reports. National Bankshares restated an "outperform" rating on shares of OR Royalties in a research report on Tuesday, June 24th. Royal Bank Of Canada reduced their target price on OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Raymond James Financial reiterated an "outperform" rating on shares of OR Royalties in a report on Friday, April 4th. Wall Street Zen upgraded OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, Scotiabank upped their price target on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $24.33.
Check Out Our Latest Analysis on OR
OR Royalties Stock Down 5.3%
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 cap of $4.85 billion, a price-to-earnings ratio of 151.82 and a beta of 0.75. The firm has a 50 day moving average price of $25.17 and a 200-day moving average price of $21.66.
OR Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.03. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. OR Royalties had a return on equity of 8.66% and a net margin of 15.28%. As a group, equities analysts predict that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.
OR Royalties Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.055 per share. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.85%. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. OR Royalties's dividend payout ratio (DPR) is currently 111.76%.
Institutional Inflows and Outflows
Hedge funds have recently modified their holdings of the company. Plato Investment Management Ltd bought a new position in shares of OR Royalties during the first quarter worth about $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties during the 1st quarter worth approximately $62,000. SBI Securities Co. Ltd. bought a new stake in OR Royalties in the 4th quarter valued at $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in OR Royalties in the 4th quarter valued at $72,000. Finally, Northwest & Ethical Investments L.P. raised its holdings in OR Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 626 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.
About OR Royalties
(
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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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