Euro Pacific Asset Management LLC Acquires 24,036 Shares of OR Royalties Inc. $OR

Euro Pacific Asset Management LLC grew its stake in shares of OR Royalties Inc. (NYSE:OR) by 2.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,053,179 shares of the basic materials company’s stock after acquiring an additional 24,036 shares during the quarter. OR Royalties comprises approximately 2.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 14th largest holding. Euro Pacific Asset Management LLC owned about 0.57% of OR Royalties worth $38,931,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verbena Value LP boosted its stake in OR Royalties by 85.3% in the 1st quarter. Verbena Value LP now owns 1,294,900 shares of the basic materials company’s stock worth $49,232,000 after purchasing an additional 596,000 shares in the last quarter. Renaissance Technologies LLC increased its stake in OR Royalties by 86.2% during the 1st quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock valued at $29,781,000 after purchasing an additional 362,700 shares in the last quarter. Bank of America Corp DE increased its stake 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 valued at $38,327,000 after purchasing an additional 274,486 shares in the last quarter. Montrusco Bolton Investments Inc. acquired a new position in OR Royalties during the 1st quarter valued at approximately $9,664,000. Finally, 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. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on OR shares. Royal Bank Of Canada lifted 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, September 16th. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Jefferies Financial Group cut their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Weiss Ratings upgraded OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Finally, Scotiabank lowered their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.00.

OR Royalties Stock Performance

OR traded down $0.17 during trading on Tuesday, reaching $34.51. 785,072 shares of the company’s stock were exchanged, compared to its average volume of 1,121,696. OR Royalties Inc. has a 1 year low of $27.54 and a 1 year high of $48.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. The stock has a market capitalization of $6.43 billion, a P/E ratio of 23.00 and a beta of 0.78. The company’s fifty day simple moving average is $35.31 and its 200-day simple moving average is $35.07.

OR Royalties (NYSE:OR) last released its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $97.82 million for 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%. As a group, research analysts predict that OR Royalties Inc. will post 1.26 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.0650 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.8%. OR Royalties’s payout ratio is currently 16.67%.

OR Royalties Company Profile

OR Royalties Inc is a precious-metals royalty and streaming company headquartered in Montreal, Quebec. The company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from mining projects, allowing it to gain exposure to mineral production without directly operating mines.

The company’s portfolio is primarily focused on gold and includes royalties, streams, offtakes and other interests in a range of development, construction and producing assets.