Analysts Set OR Royalties Inc. (NYSE:OR) PT at $38.25

Shares of OR Royalties Inc. (NYSE:OR) have received an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $38.25.

Several research firms recently commented on OR. Canaccord Genuity Group upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Zacks Research lowered OR Royalties from a “strong-buy” rating to a “hold” rating in a report on Friday, December 19th. Wall Street Zen upgraded shares of OR Royalties from a “buy” rating to a “strong-buy” rating in a research note on Monday, January 19th. Jefferies Financial Group reiterated a “hold” rating and issued a $38.00 target price on shares of OR Royalties in a research report on Sunday, December 7th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of OR Royalties in a research report on Monday, December 29th.

Hedge Funds Weigh In On OR Royalties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OR. Linden Thomas Advisory Services LLC increased its position in shares of OR Royalties by 4.1% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 6,254 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 249 shares during the period. Cetera Investment Advisers grew its holdings in OR Royalties by 3.5% during the second quarter. Cetera Investment Advisers now owns 13,147 shares of the basic materials company’s stock worth $337,000 after acquiring an additional 440 shares during the period. Vident Advisory LLC raised its position in OR Royalties by 2.0% in the second quarter. Vident Advisory LLC now owns 42,349 shares of the basic materials company’s stock worth $1,089,000 after acquiring an additional 820 shares in the last quarter. Assetmark Inc. acquired a new stake in OR Royalties in the 4th quarter valued at about $36,000. Finally, PFG Investments LLC boosted its position in shares of OR Royalties by 4.1% during the 4th quarter. PFG Investments LLC now owns 25,992 shares of the basic materials company’s stock valued at $920,000 after purchasing an additional 1,030 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

OR Royalties Stock Up 4.1%

OR stock opened at $40.29 on Friday. The stock has a market cap of $7.54 billion, a PE ratio of 51.00 and a beta of 0.76. The firm’s 50-day simple moving average is $38.07 and its 200 day simple moving average is $35.05. OR Royalties has a fifty-two week low of $17.55 and a fifty-two week high of $47.75.

OR Royalties (NYSE:OR) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The firm had revenue of $71.63 million during the quarter, compared to analysts’ expectations of $53.85 million. OR Royalties had a net margin of 60.72% and a return on equity of 10.67%. Equities analysts forecast that OR Royalties will post 0.62 EPS for the current fiscal year.

OR Royalties Company Profile

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.