OR Royalties (NYSE:OR) Raised to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of OR Royalties (NYSE:OR - Free Report) from a hold rating to a buy rating in a research note released on Saturday.

A number of other brokerages have also recently issued reports on OR. Raymond James Financial reiterated an "outperform" rating on shares of OR Royalties in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of OR Royalties in a research note on Wednesday, April 23rd. Royal Bank Of Canada decreased their target price on OR Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, Scotiabank raised OR Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $22.00 to $24.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, OR Royalties presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

OR Royalties Stock Down 0.9%

OR Royalties stock traded down $0.24 during mid-day trading on Friday, reaching $26.13. The stock had a trading volume of 609,114 shares, compared to its average volume of 747,921. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 153.71 and a beta of 0.76. The company has a 50-day moving average price of $24.32 and a two-hundred day moving average price of $20.97. OR Royalties has a one year low of $15.12 and a one year high of $27.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.98 and a quick ratio of 4.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The company 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, analysts expect that OR Royalties will post 0.62 EPS for the current fiscal year.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.055 dividend. This is a positive change from OR Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.84%. OR Royalties's payout ratio is 105.88%.

Institutional Investors Weigh In On OR Royalties

Several hedge funds and other institutional investors have recently made changes to their positions in OR. CIBC Asset Management Inc increased its position in shares of OR Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after purchasing an additional 551,936 shares during the last quarter. C WorldWide Group Holding A S increased its position in shares of OR Royalties by 86.4% during the 4th quarter. C WorldWide Group Holding A S now owns 78,032 shares of the basic materials company's stock valued at $1,412,000 after purchasing an additional 36,171 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of OR Royalties by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock valued at $262,000 after purchasing an additional 1,373 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of OR Royalties during the 4th quarter valued at about $57,000. Finally, DJE Kapital AG purchased a new stake in shares of OR Royalties during the 4th quarter valued at about $1,692,000. Hedge funds and other institutional investors 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.