OR Royalties Inc. (NYSE:OR) Stock Has Average Target Price of $41.00 According to Analysts

Shares of OR Royalties Inc. (NYSE:OR) have earned a consensus recommendation of “Moderate Buy” from the nine research firms that are covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $41.00.

A number of analysts have recently issued reports on OR shares. Jefferies Financial Group reduced their price objective on shares of OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Monday, July 6th. Scotiabank decreased their price objective on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Zacks Research raised shares of OR Royalties from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Weiss Ratings upgraded OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada raised their price target on OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th.

Institutional Trading of OR Royalties

Several institutional investors have recently made changes to their positions in OR. Bank of America Corp DE boosted its stake in OR Royalties by 37.4% in 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 period. U S Global Investors Inc. grew its holdings in OR Royalties by 55.8% during the 1st quarter. U S Global Investors Inc. now owns 534,625 shares of the basic materials company’s stock valued at $20,326,000 after buying an additional 191,380 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in shares of OR Royalties during the second quarter valued at approximately $1,572,000. Parvin Asset Management LLC bought a new stake in shares of OR Royalties during the second quarter valued at approximately $2,180,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in shares of OR Royalties in the second quarter worth $930,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Down 0.5%

OR stock opened at $34.51 on Friday. The business’s 50-day moving average price is $35.39 and its 200-day moving average price is $35.07. The stock has a market cap of $6.43 billion, a P/E ratio of 27.52 and a beta of 0.78. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. OR Royalties has a twelve month low of $27.54 and a twelve month high of $48.06.

OR Royalties (NYSE:OR) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, topping 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. On average, equities research analysts forecast that OR Royalties will post 1.26 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.0650 dividend. 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 0.8%. OR Royalties’s dividend payout ratio is 16.67%.

About OR Royalties

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.