OR Royalties Inc. (NYSE:OR) Stock Has Consensus Price Target of $41.00

Shares of OR Royalties Inc. (NYSE:OR) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $41.00.

Several brokerages have issued reports on OR. Weiss Ratings raised shares of OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Scotiabank dropped their price objective on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a research note 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. Finally, Royal Bank Of Canada raised their price target 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.

OR Royalties Stock Performance

OR opened at $35.16 on Tuesday. The stock has a market cap of $6.55 billion, a PE ratio of 23.44 and a beta of 0.76. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14. OR Royalties has a 1 year low of $27.54 and a 1 year high of $48.06. The stock’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $36.56.

OR Royalties (NYSE:OR) last issued its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. The firm had revenue of $97.82 million during the quarter, compared to analysts’ expectations of $97.93 million. Sell-side analysts forecast that OR Royalties will post 1.29 EPS for the current year.

Institutional Investors Weigh In On OR Royalties

Several large investors have recently modified their holdings of OR. Verbena Value LP increased its position in shares of OR Royalties by 85.3% during 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. Amundi lifted its holdings in OR Royalties by 8.4% during the 1st quarter. Amundi now owns 1,151,071 shares of the basic materials company’s stock valued at $43,764,000 after purchasing an additional 89,202 shares during the last quarter. Euro Pacific Asset Management LLC lifted its holdings in OR Royalties by 2.4% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 1,054,270 shares of the basic materials company’s stock valued at $36,188,000 after purchasing an additional 25,127 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its position in OR Royalties by 86.2% in the first quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock valued at $29,781,000 after buying an additional 362,700 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

About OR Royalties

OR Royalties Inc (NYSE: OR) is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.