SG Americas Securities LLC Boosts Holdings in OR Royalties Inc. $OR

SG Americas Securities LLC increased its stake in shares of OR Royalties Inc. (NYSE:OR) by 24.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 45,845 shares of the basic materials company’s stock after buying an additional 9,100 shares during the quarter. SG Americas Securities LLC’s holdings in OR Royalties were worth $1,179,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OR. EdgePoint Investment Group Inc. raised its holdings in shares of OR Royalties by 6.8% in the first quarter. EdgePoint Investment Group Inc. now owns 24,020,067 shares of the basic materials company’s stock worth $507,009,000 after acquiring an additional 1,534,292 shares during the last quarter. Vanguard Group Inc. increased its position in OR Royalties by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 7,251,763 shares of the basic materials company’s stock worth $153,041,000 after purchasing an additional 43,417 shares in the last quarter. Mackenzie Financial Corp raised its stake in OR Royalties by 52.2% in the 1st quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company’s stock valued at $106,382,000 after purchasing an additional 1,728,760 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in OR Royalties by 116.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company’s stock valued at $101,181,000 after purchasing an additional 2,574,458 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in OR Royalties by 13.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company’s stock valued at $79,566,000 after purchasing an additional 435,467 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Performance

Shares of NYSE:OR opened at $32.24 on Friday. The business’s 50-day simple moving average is $35.46 and its 200 day simple moving average is $30.48. The company has a market cap of $6.07 billion, a P/E ratio of 87.14 and a beta of 0.72. 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 Inc. has a one year low of $17.55 and a one year high of $42.25.

OR Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The firm had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. On average, sell-side analysts forecast that OR Royalties Inc. will post 0.62 earnings per share for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Wednesday, December 31st. OR Royalties’s payout ratio is presently 27.85%.

Analyst Upgrades and Downgrades

OR has been the topic of several recent analyst reports. Wall Street Zen raised shares of OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Weiss Ratings reissued a “buy (b)” rating on shares of OR Royalties in a research note on Wednesday. Zacks Research upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Scotiabank lowered OR Royalties from an “outperform” rating to a “sector perform” rating and upped their target price for the company from $33.00 to $41.00 in a research note on Thursday, October 23rd. Finally, Raymond James Financial upgraded OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research report on Thursday, November 6th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $36.25.

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.