Louisbourg Investments Inc. Increases Stock Holdings in OR Royalties Inc. $OR

Louisbourg Investments Inc. lifted its position in shares of OR Royalties Inc. (NYSE:OR) by 24.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,831 shares of the basic materials company’s stock after purchasing an additional 69,276 shares during the period. OR Royalties accounts for approximately 2.0% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 8th biggest holding. Louisbourg Investments Inc. owned approximately 0.19% of OR Royalties worth $8,949,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Plato Investment Management Ltd bought a new position in shares of OR Royalties during the first quarter worth approximately $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties during the first quarter worth approximately $62,000. Hsbc Holdings PLC bought a new position in shares of OR Royalties during the first quarter worth approximately $208,000. Autumn Glory Partners LLC bought a new position in shares of OR Royalties during the first quarter worth approximately $232,000. Finally, Trexquant Investment LP bought a new position in shares of OR Royalties during the first quarter worth approximately $248,000. Institutional investors own 68.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group reiterated a “hold” rating and set a $40.00 target price (up previously from $34.00) on shares of OR Royalties in a research note on Monday, October 6th. Raymond James Financial restated a “market perform” rating and set a $41.00 price objective (up previously from $36.00) on shares of OR Royalties in a research note on Friday. Scotiabank raised their price objective on OR Royalties from $26.00 to $28.00 and gave the stock 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 research note on Wednesday. Finally, Wall Street Zen upgraded OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

OR Royalties Trading Up 0.1%

Shares of OR stock opened at $37.63 on Friday. The stock’s fifty day moving average price is $34.36 and its two-hundred day moving average price is $28.03. The company has a market cap of $7.08 billion, a PE ratio of 101.71 and a beta of 0.75. OR Royalties Inc. has a fifty-two week low of $17.55 and a fifty-two week high of $42.25. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73.

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

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties’s dividend payout ratio (DPR) is currently 59.46%.

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.