Edmond DE Rothschild Holding S.A. Has $2.83 Million Position in OR Royalties Inc. $OR

Edmond DE Rothschild Holding S.A. lifted its stake in shares of OR Royalties Inc. (NYSE:OR) by 6.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 110,408 shares of the basic materials company’s stock after buying an additional 6,407 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in OR Royalties were worth $2,826,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of OR. Plato Investment Management Ltd bought a new position in OR Royalties in the 1st quarter valued at about $56,000. Summit Securities Group LLC bought a new stake in shares of OR Royalties during the first quarter worth approximately $62,000. Twin Tree Management LP acquired a new position in shares of OR Royalties in the second quarter valued at approximately $245,000. Hsbc Holdings PLC bought a new position in shares of OR Royalties during the first quarter worth approximately $208,000. Finally, Trexquant Investment LP acquired a new stake in OR Royalties during the 1st quarter worth approximately $248,000. Institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Down 0.5%

Shares of NYSE OR opened at $33.48 on Wednesday. The stock has a market capitalization of $6.30 billion, a P/E ratio of 90.50 and a beta of 0.72. The stock’s fifty day moving average is $35.36 and its 200 day moving average is $30.70. OR Royalties Inc. has a 52 week low of $17.55 and a 52 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 announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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. 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors 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 of this dividend is Wednesday, December 31st. OR Royalties’s dividend payout ratio (DPR) is 27.85%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OR. Wall Street Zen raised OR Royalties from a “hold” rating to a “buy” rating in a report on Saturday, October 4th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up from $34.00) on shares of OR Royalties in a research note on Monday, October 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of OR Royalties in a research note on Wednesday, November 19th. Scotiabank downgraded shares of OR Royalties from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $33.00 to $41.00 in a report on Thursday, October 23rd. Finally, Zacks Research raised shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $36.25.

OR Royalties Profile

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.