OR Royalties Inc. $OR Shares Bought by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC raised its position in OR Royalties Inc. (NYSE:OR) by 2.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 1,054,270 shares of the basic materials company’s stock after purchasing an additional 25,127 shares during the period. OR Royalties comprises approximately 2.5% of Euro Pacific Asset Management LLC’s holdings, making the stock its 14th largest position. Euro Pacific Asset Management LLC’s holdings in OR Royalties were worth $36,188,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Verbena Value LP boosted its holdings in shares of OR Royalties by 85.3% in the first quarter. Verbena Value LP now owns 1,294,900 shares of the basic materials company’s stock valued at $49,232,000 after acquiring an additional 596,000 shares during the period. Renaissance Technologies LLC increased its holdings in shares of OR Royalties by 86.2% in the 1st quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock valued at $29,781,000 after acquiring an additional 362,700 shares during the period. Bank of America Corp DE increased its holdings in shares of 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 valued at $38,327,000 after acquiring an additional 274,486 shares during the period. SummitTX Capital L.P. purchased a new stake in OR Royalties in the 1st quarter valued at $6,810,000. Finally, Dimensional Fund Advisors LP raised its position in OR Royalties by 26.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 677,822 shares of the basic materials company’s stock valued at $25,759,000 after purchasing an additional 141,904 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

OR Royalties Trading Up 0.0%

Shares of OR Royalties stock opened at $36.23 on Monday. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 24.15 and a beta of 0.76. OR Royalties Inc. has a 52-week low of $27.54 and a 52-week high of $48.06. The company’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $36.52. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

Analyst Ratings Changes

A number of brokerages recently weighed in on OR. Royal Bank Of Canada increased 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. Scotiabank lowered 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 upgraded shares of OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Weiss Ratings raised shares of OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, OR Royalties currently has an average rating of “Hold” and a consensus target price of $41.00.

About OR Royalties

OR Royalties is a precious metals royalty and streaming company. Rather than operating mines directly, it provides financing to mining companies in exchange for royalties, streams, and other interests that can entitle it to a share of production or revenue from mineral projects.

The company’s portfolio includes interests in gold and other mineral projects, including royalties associated with Canadian Malartic and Éléonore in Canada. Its assets span multiple jurisdictions, with a significant presence in the Americas.

OR Royalties traces its origins to 2014, when it was established as Osisko Gold Royalties.