OR Royalties (NYSE:OR) Releases Earnings Results, Beats Expectations By $0.02 EPS

OR Royalties (NYSE:OR) released its earnings results on Wednesday. The basic materials company reported $0.29 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. The firm had revenue of $90.20 million during the quarter, compared to the consensus estimate of $90.40 million. OR Royalties had a return on equity of 17.02% and a net margin of 67.03%.

OR Royalties Trading Down 2.2%

Shares of OR stock opened at $34.83 on Friday. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The stock’s fifty day moving average price is $35.03 and its two-hundred day moving average price is $36.35. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market cap of $6.49 billion, a PE ratio of 25.61 and a beta of 0.76.

OR Royalties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be issued a $0.0650 dividend. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, December 31st. OR Royalties’s dividend payout ratio (DPR) is currently 16.67%.

Wall Street Analyst Weigh In

OR has been the subject of a number of analyst reports. Weiss Ratings raised OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. Royal Bank Of Canada upped their price objective on shares of OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 16th. Finally, Zacks Research upgraded shares of OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.00.

OR Royalties Company Profile

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.