Swiss National Bank Decreases Stock Holdings in OR Royalties Inc. $OR

Swiss National Bank lowered its position in shares of OR Royalties Inc. (NYSE:OR) by 1.5% in the second quarter, HoldingsChannel.com reports. The firm owned 322,630 shares of the basic materials company’s stock after selling 4,800 shares during the quarter. Swiss National Bank’s holdings in OR Royalties were worth $8,260,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of OR. T. Rowe Price Investment Management Inc. lifted its holdings in OR Royalties by 116.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company’s stock worth $101,181,000 after buying an additional 2,574,458 shares during the last quarter. Elliott Investment Management L.P. acquired a new stake in shares of OR Royalties during the 1st quarter worth about $46,045,000. EdgePoint Investment Group Inc. raised its position in shares of OR Royalties by 6.8% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,020,067 shares of the basic materials company’s stock worth $507,009,000 after acquiring an additional 1,534,292 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in OR Royalties by 152.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock worth $26,539,000 after purchasing an additional 758,815 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in OR Royalties by 13.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company’s stock valued at $79,566,000 after purchasing an additional 435,467 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on OR. Wall Street Zen raised shares of OR Royalties from a “buy” rating to a “strong-buy” rating in a report on Friday. Scotiabank downgraded shares of OR Royalties from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $33.00 to $41.00 in a research report on Thursday, October 23rd. Raymond James Financial upgraded shares of OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price target on the stock in a research note on Thursday, November 6th. Zacks Research upgraded shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of OR Royalties in a report on Tuesday. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, OR Royalties presently has a consensus rating of “Buy” and a consensus price target of $36.25.

OR Royalties Stock Up 1.8%

OR stock opened at $34.80 on Friday. The company has a market cap of $6.55 billion, a price-to-earnings ratio of 94.05 and a beta of 0.72. The company has a fifty day moving average price of $35.25 and a 200 day moving average price of $30.89. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. OR Royalties Inc. has a 12 month low of $17.55 and a 12 month high of $42.25.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.03. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The company had revenue of $71.63 million for the quarter, compared to the consensus estimate of $53.85 million. Sell-side analysts expect that OR Royalties Inc. will post 0.62 earnings per share for the current year.

OR Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 31st. OR Royalties’s dividend payout ratio (DPR) is presently 27.85%.

OR Royalties Profile

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.