OR Royalties Sees Unusually High Options Volume (NYSE:OR)

OR Royalties Inc. (NYSE:OR) saw unusually large options trading on Wednesday. Stock investors bought 4,071 call options on the company. This represents an increase of approximately 694% compared to the typical daily volume of 513 call options.

Institutional Trading of OR Royalties

Several hedge funds and other institutional investors have recently bought and sold shares of OR. PFG Investments LLC increased its holdings in OR Royalties by 2.5% in the first quarter. PFG Investments LLC now owns 25,409 shares of the basic materials company’s stock valued at $537,000 after buying an additional 613 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of OR Royalties by 3.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 155,883 shares of the basic materials company’s stock valued at $3,292,000 after purchasing an additional 5,883 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of OR Royalties by 155.1% during the first quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company’s stock valued at $1,164,000 after purchasing an additional 33,500 shares during the last quarter. U S Global Investors Inc. grew its holdings in shares of OR Royalties by 32.6% during the first quarter. U S Global Investors Inc. now owns 540,977 shares of the basic materials company’s stock valued at $11,423,000 after purchasing an additional 132,964 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of OR Royalties by 32.3% during the first quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company’s stock valued at $404,000 after purchasing an additional 4,669 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OR. Canaccord Genuity Group upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Raymond James Financial restated a “market perform” rating and set a $41.00 price objective (up previously from $36.00) on shares of OR Royalties in a research note on Friday, October 10th. Scotiabank lowered OR Royalties from an “outperform” rating to a “sector perform” rating and lifted their target price for the stock from $33.00 to $41.00 in a research report on Thursday. CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a research report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of OR Royalties in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, OR Royalties presently has an average rating of “Moderate Buy” and an average target price of $36.25.

OR Royalties Stock Down 2.9%

Shares of NYSE OR opened at $33.66 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. The firm has a market cap of $6.33 billion, a price-to-earnings ratio of 90.98 and a beta of 0.75. OR Royalties has a 1 year low of $17.55 and a 1 year high of $42.25. The stock’s 50-day simple moving average is $35.59 and its 200-day simple moving average is $29.04.

OR Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The firm had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. As a group, equities analysts anticipate that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, September 30th. OR Royalties’s payout ratio is currently 59.46%.

About OR Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.