OR Royalties Inc. $OR Holdings Boosted by Global Strategic Management Inc.

Global Strategic Management Inc. raised its stake in OR Royalties Inc. (NYSE:OR) by 7.0% in the third quarter, Holdings Channel.com reports. The firm owned 227,946 shares of the basic materials company’s stock after acquiring an additional 14,920 shares during the period. OR Royalties makes up approximately 5.3% of Global Strategic Management Inc.’s holdings, making the stock its 6th largest holding. Global Strategic Management Inc.’s holdings in OR Royalties were worth $7,832,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Wyoming acquired a new stake in OR Royalties in the 1st quarter worth $28,000. Banque Cantonale Vaudoise acquired a new position in shares of OR Royalties during the first quarter valued at about $37,000. Grove Bank & Trust acquired a new position in shares of OR Royalties during the second quarter valued at about $32,000. CoreCap Advisors LLC raised its position in shares of OR Royalties by 52.9% during the third quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company’s stock valued at $40,000 after buying an additional 400 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of OR Royalties in the third quarter valued at about $144,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on OR shares. Weiss Ratings raised OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Royal Bank Of Canada raised their price objective on OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Jefferies Financial Group decreased their price objective on OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Monday, July 6th. Finally, Scotiabank decreased their price objective on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.00.

OR Royalties Price Performance

OR Royalties stock opened at $35.19 on Friday. The business has a 50 day simple moving average of $35.47 and a 200 day simple moving average of $35.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market capitalization of $6.56 billion, a PE ratio of 26.48 and a beta of 0.78. OR Royalties Inc. has a one year low of $27.54 and a one year high of $48.06.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The company had revenue of $97.82 million during the quarter, compared to analysts’ expectations of $97.93 million. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. On average, sell-side analysts forecast that OR Royalties Inc. will post 1.26 EPS for the current fiscal year.

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Wednesday, September 30th. OR Royalties’s dividend payout ratio is presently 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.