OR Royalties Inc. (NYSE:OR) Receives $35.75 Average Price Target from Analysts

by · The Cerbat Gem

OR Royalties Inc. (NYSE:OR – Get Free Report) has been given an average rating of “Buy” by the nine ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $35.75.

A number of equities analysts have issued reports on OR shares. Wall Street Zen upgraded shares of OR Royalties from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of OR Royalties in a report on Monday, December 8th. Canaccord Genuity Group upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 22nd. Zacks Research upgraded shares of OR Royalties from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Raymond James Financial raised OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 price target for the company in a research report on Thursday, November 6th.

Check Out Our Latest Research Report on OR

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Plato Investment Management Ltd acquired a new position in OR Royalties during the 1st quarter worth $56,000. Summit Securities Group LLC bought a new position in shares of OR Royalties during the first quarter valued at approximately $62,000. Caitlin John LLC bought a new position in OR Royalties during the 3rd quarter worth $78,000. Eagle Global Advisors LLC acquired a new stake in shares of OR Royalties in the 3rd quarter worth about $206,000. Finally, Hsbc Holdings PLC bought a new stake in shares of OR Royalties during the first quarter valued at approximately $208,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Stock Performance

Shares of NYSE OR opened at $34.68 on Friday. OR Royalties has a one year low of $17.55 and a one year high of $42.25. The firm has a market capitalization of $6.52 billion, a P/E ratio of 43.90 and a beta of 0.81. The company’s fifty day moving average is $34.34 and its two-hundred day moving average is $31.72.

OR Royalties (NYSE:OR – Get Free Report) last announced its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.19 by $0.03. The business had revenue of $71.63 million for the quarter, compared to analyst estimates of $53.85 million. OR Royalties had a return on equity of 10.67% and a net margin of 60.72%. On average, sell-side analysts forecast that OR Royalties will post 0.62 earnings per share for the current fiscal year.

OR Royalties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders 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 dividend yield of 0.6%. The ex-dividend date of this dividend is Wednesday, December 31st. OR Royalties’s payout ratio is presently 27.85%.

About OR Royalties

(Get Free Report)

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.

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