OR Royalties Inc. (NYSE:OR) Stock Has Average Price Target of $41.00 According to Brokerages

Shares of OR Royalties Inc. (NYSE:OR) have been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $41.00.

Several equities analysts have weighed in on the company. Weiss Ratings raised OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Jefferies Financial Group decreased their target price on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Scotiabank lowered their price target on 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. Finally, Royal Bank Of Canada increased their price target on shares of OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, September 16th.

Institutional Investors Weigh In On OR Royalties

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew 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 buying an additional 274,486 shares during the period. U S Global Investors Inc. raised its stake in OR Royalties by 55.8% during the 1st quarter. U S Global Investors Inc. now owns 534,625 shares of the basic materials company’s stock worth $20,326,000 after buying an additional 191,380 shares during the period. Bank of New York Mellon Corp acquired a new stake in OR Royalties during the 2nd quarter worth $1,572,000. Parvin Asset Management LLC acquired a new stake in OR Royalties during the 2nd quarter worth $2,180,000. Finally, BTG Pactual Asset Management US LLC bought a new position in OR Royalties during the second quarter worth about $930,000. Institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Performance

OR stock opened at $34.82 on Friday. The business’s fifty day moving average is $35.23 and its 200-day moving average is $35.07. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.49 billion, a P/E ratio of 23.22 and a beta of 0.78. OR Royalties has a twelve month low of $27.54 and a twelve month high of $48.06.

OR Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (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 business had revenue of $97.82 million for the quarter, compared to analyst estimates of $97.93 million. Equities research analysts forecast that OR Royalties will post 1.26 EPS for the current year.

OR Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.0650 per share. The ex-dividend date is Wednesday, September 30th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. OR Royalties’s payout ratio is currently 16.67%.

About OR Royalties

OR Royalties Inc is a precious-metals royalty and streaming company headquartered in Montreal, Quebec. The company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from mining projects, allowing it to gain exposure to mineral production without directly operating mines.

The company’s portfolio is primarily focused on gold and includes royalties, streams, offtakes and other interests in a range of development, construction and producing assets.