OR Royalties (NYSE:OR) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• OR Royalties shares rose above their 50-day moving average, reaching $35.72 and last trading at $35.155; the 50-day average is $35.12.
• Analysts have a consensus “Hold” rating and an average price target of $41.00, with three Buy ratings and four Hold ratings.
• The company reported quarterly EPS of $0.32, slightly above the $0.31 estimate, while revenue of $97.82 million fell just short of forecasts.

Shares of OR Royalties Inc. (NYSE:OR - Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $35.12 and traded as high as $35.72. OR Royalties shares last traded at $35.1550, with a volume of 848,719 shares changing hands.

Wall Street Analyst Weigh In

OR has been the subject of a number of analyst reports. Weiss Ratings raised shares of OR Royalties from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 29th. Scotiabank dropped their target price on shares of OR Royalties from $51.00 to $42.00 and set a "sector perform" rating for the company in a research report on Tuesday, July 14th. Zacks Research raised OR Royalties from a "strong sell" rating to a "hold" rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada raised their price target on OR Royalties from $45.00 to $47.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 16th. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $41.00.

OR Royalties Trading Up 1.9%

The company's fifty day simple moving average is $35.12 and its two-hundred day simple moving average is $36.56. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 23.44 and a beta of 0.76.

OR Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. The company had revenue of $97.82 million during the quarter, compared to analyst estimates of $97.93 million. Research analysts forecast that OR Royalties Inc. will post 1.29 earnings per share for the current fiscal year.

Institutional Trading of OR Royalties

Several hedge funds have recently added to or reduced their stakes in OR. State of Wyoming acquired a new stake in shares of OR Royalties during the first quarter worth $28,000. Grove Bank & Trust bought a new stake in OR Royalties in the 2nd quarter valued at $32,000. CoreCap Advisors LLC boosted its stake in OR Royalties by 52.9% in the 3rd quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company's stock worth $40,000 after purchasing an additional 400 shares during the period. Fortitude Family Office LLC acquired a new position in OR Royalties in the 3rd quarter worth $144,000. Finally, EverSource Wealth Advisors LLC boosted its stake in OR Royalties by 94.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 4,539 shares of the basic materials company's stock worth $173,000 after purchasing an additional 2,209 shares during the period. Institutional investors and hedge funds own 68.52% of the company's stock.

About OR Royalties

OR Royalties Inc NYSE: OR is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.