Stock Traders Purchase High Volume of OR Royalties Call Options (NYSE:OR)

Key Points

• OR Royalties Inc. experienced a dramatic increase in call options trading, with investors purchasing 4,071 call options, representing a 694% surge compared to the average volume.
• The company's consensus rating is a "Moderate Buy," with a recent average price target of $33.00 and mixed ratings from various brokerages.
• OR Royalties declared a quarterly dividend of $0.055, resulting in an annualized yield of 0.6%, and has a current dividend payout ratio of 59.46%.

OR Royalties Inc. (NYSE:OR - Get Free Report) saw unusually large options trading on Wednesday. Stock investors purchased 4,071 call options on the company. This represents an increase of approximately 694% compared to the average volume of 513 call options.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OR. Canaccord Genuity Group downgraded OR Royalties from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 2nd. Weiss Ratings reissued a "hold (c+)" rating on shares of OR Royalties in a research report on Wednesday, October 8th. Zacks Research raised OR Royalties from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Wall Street Zen raised OR Royalties from a "hold" rating to a "buy" rating in a research report on Saturday, October 4th. Finally, Scotiabank upped their price objective on OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, OR Royalties currently has a consensus rating of "Moderate Buy" and an average price target of $33.00.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Picton Mahoney Asset Management purchased a new position in OR Royalties in the second quarter worth about $96,617,000. T. Rowe Price Investment Management Inc. boosted its position in shares of OR Royalties by 116.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock valued at $101,181,000 after buying an additional 2,574,458 shares during the period. Elliott Investment Management L.P. purchased a new position in shares of OR Royalties during the first quarter valued at approximately $46,045,000. Mackenzie Financial Corp boosted its position in shares of OR Royalties by 52.2% during the first quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock valued at $106,382,000 after buying an additional 1,728,760 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of OR Royalties by 43.7% during the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 5,419,246 shares of the basic materials company's stock valued at $139,006,000 after buying an additional 1,648,567 shares during the period. Hedge funds and other institutional investors own 68.52% of the company's stock.

OR Royalties Stock Performance

Shares of NYSE:OR traded up $0.22 during midday trading on Wednesday, hitting $34.31. The company had a trading volume of 227,832 shares, compared to its average volume of 938,038. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 92.95 and a beta of 0.75. OR Royalties has a 12-month low of $17.55 and a 12-month high of $42.25. The company has a fifty day moving average of $35.46 and a two-hundred day moving average of $28.91.

OR Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $60.36 million during the quarter, compared to analysts' expectations of $83.25 million. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%. On average, equities research analysts expect that OR Royalties will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, September 30th. OR Royalties's dividend payout ratio is presently 59.46%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.