Wall Street Zen Upgrades OR Royalties (NYSE:OR) to Buy

Key Points

• Wall Street Zen has upgraded OR Royalties from a "hold" to a "buy" rating, reflecting positive sentiment from investment analysts regarding the stock's performance.
• Currently, OR Royalties has an average rating of "Moderate Buy" from research analysts, with five analysts rating it as a Buy and three as a Hold.
• The company's quarterly earnings report recorded an EPS of $0.13, missing the consensus estimate of $0.17, indicating challenges in meeting revenue expectations.

OR Royalties (NYSE:OR - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. National Bankshares reaffirmed an "outperform" rating on shares of OR Royalties in a research note on Tuesday, June 24th. Scotiabank increased their price target on shares of OR Royalties from $26.00 to $28.00 and gave the company a "sector outperform" rating in a research note on Monday, July 7th. Weiss Ratings restated a "hold (c+)" rating on shares of OR Royalties in a report on Saturday, September 27th. Raymond James Financial increased their price objective on shares of OR Royalties from $34.00 to $36.00 and gave the company an "outperform" rating in a report on Friday, September 12th. Finally, CIBC reiterated an "outperform" rating on shares of OR Royalties in a report on Tuesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, OR Royalties currently has an average rating of "Moderate Buy" and an average target price of $29.00.

OR Royalties Stock Performance

NYSE:OR opened at $39.41 on Friday. OR Royalties has a 12-month low of $17.55 and a 12-month high of $41.05. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $7.42 billion, a PE ratio of 106.51 and a beta of 0.75. The firm has a 50-day moving average price of $33.19 and a 200 day moving average price of $27.37.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Versor Investments LP bought a new position in shares of OR Royalties in the 1st quarter valued at about $840,000. Hsbc Holdings PLC bought a new stake in shares of OR Royalties during the 1st quarter worth about $208,000. Trexquant Investment LP acquired a new stake in OR Royalties in the 1st quarter worth about $248,000. Farther Finance Advisors LLC acquired a new stake in OR Royalties in the 2nd quarter worth about $314,000. Finally, Bessemer Group Inc. raised its stake in OR Royalties by 155.1% in the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock worth $1,164,000 after purchasing an additional 33,500 shares in the last quarter. Institutional investors 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.

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