OR Royalties (NYSE:OR) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of OR Royalties (NYSE:OR) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks reports.

A number of other research firms have also commented on OR. Royal Bank Of Canada lowered their price target on shares of OR Royalties from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday, July 9th. Wall Street Zen lowered shares of OR Royalties from a “buy” rating to a “hold” rating in a report on Saturday, June 6th. Scotiabank decreased 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. Jefferies Financial Group decreased their price objective on shares of OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday, July 6th. Finally, Weiss Ratings downgraded shares of OR Royalties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, OR Royalties presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.50.

OR Royalties Price Performance

OR opened at $35.54 on Monday. 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 stock’s 50 day simple moving average is $33.05 and its 200 day simple moving average is $35.87. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 23.69 and a beta of 0.80. OR Royalties has a 1 year low of $27.54 and a 1 year high of $48.06.

OR Royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $97.82 million during the quarter, compared to the consensus estimate of $97.93 million. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. As a group, analysts predict that OR Royalties will post 1.25 earnings per share for the current year.

OR Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.065 per share. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Wednesday, September 30th. OR Royalties’s dividend payout ratio is currently 16.67%.

Institutional Trading of OR Royalties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. State of Wyoming purchased a new position in OR Royalties during the 1st quarter valued at $28,000. Grove Bank & Trust bought a new position in OR Royalties in the 2nd quarter worth $32,000. Banque Cantonale Vaudoise purchased a new stake in shares of OR Royalties in the 1st quarter worth about $37,000. Allworth Financial LP lifted its position in shares of OR Royalties by 20.0% in the 4th quarter. Allworth Financial LP now owns 2,305 shares of the basic materials company’s stock worth $82,000 after purchasing an additional 384 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of OR Royalties by 94.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,539 shares of the basic materials company’s stock valued at $173,000 after purchasing an additional 2,209 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Company Profile

OR Royalties Inc (NYSE: OR) is a precious metals royalty and streaming company that provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from their projects. Its portfolio is primarily focused on gold, silver and other metals, allowing the company to participate in mining output without directly operating mines.

The company’s business includes royalty interests, streams, offtake agreements and other investments linked to producing, developing and exploration-stage mining projects.