Brokerages Set OR Royalties Inc. (NYSE:OR) Target Price at $40.50

Shares of OR Royalties Inc. (NYSE:OR) have been assigned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $41.00.

Several equities analysts have issued reports on OR shares. Wall Street Zen lowered OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of OR Royalties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, July 24th. Scotiabank lowered their price target on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Royal Bank Of Canada boosted their price objective on shares of OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Jefferies Financial Group decreased their target price on shares of OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 6th.

Institutional Trading of OR Royalties

Institutional investors have recently made changes to their positions in the business. Bank of America Corp DE grew its position in OR Royalties by 37.4% during the 1st quarter. Bank of America Corp DE now owns 1,008,086 shares of the basic materials company’s stock worth $38,327,000 after purchasing an additional 274,486 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of OR Royalties by 55.8% in the first quarter. U S Global Investors Inc. now owns 534,625 shares of the basic materials company’s stock worth $20,326,000 after buying an additional 191,380 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in shares of OR Royalties during the second quarter worth $930,000. Amundi lifted its stake in shares of OR Royalties by 8.4% during the first quarter. Amundi now owns 1,151,071 shares of the basic materials company’s stock worth $43,764,000 after buying an additional 89,202 shares during the period. Finally, Groupe la Francaise grew its holdings in shares of OR Royalties by 122.2% during the first quarter. Groupe la Francaise now owns 200,000 shares of the basic materials company’s stock valued at $7,591,000 after buying an additional 110,000 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Price Performance

Shares of OR opened at $36.75 on Monday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. The company has a 50 day moving average price of $33.47 and a 200-day moving average price of $35.72. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The stock has a market capitalization of $6.85 billion, a PE ratio of 24.50 and a beta of 0.80.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. Equities analysts predict that OR Royalties will post 1.25 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.065 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. OR Royalties’s dividend payout ratio is presently 16.67%.

About OR Royalties

OR Royalties Inc (NYSE: OR) is a precious metals royalty and streaming company that provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from their projects. Its portfolio is primarily focused on gold, silver and other metals, allowing the company to participate in mining output without directly operating mines.

The company’s business includes royalty interests, streams, offtake agreements and other investments linked to producing, developing and exploration-stage mining projects.