SBI Securities Co. Ltd. Sells 1,716 Shares of OR Royalties Inc. $OR

SBI Securities Co. Ltd. lessened its position in shares of OR Royalties Inc. (NYSE:OR) by 54.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,410 shares of the basic materials company’s stock after selling 1,716 shares during the quarter. SBI Securities Co. Ltd.’s holdings in OR Royalties were worth $36,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its position in shares of OR Royalties by 0.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 283,500 shares of the basic materials company’s stock valued at $7,291,000 after purchasing an additional 1,500 shares during the last quarter. Plato Investment Management Ltd bought a new stake in OR Royalties during the first quarter valued at approximately $56,000. Summit Securities Group LLC purchased a new stake in OR Royalties during the first quarter valued at approximately $62,000. Synergy Asset Management LLC raised its position in OR Royalties by 23.5% in the second quarter. Synergy Asset Management LLC now owns 17,617 shares of the basic materials company’s stock worth $453,000 after acquiring an additional 3,347 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of OR Royalties by 1.2% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 352,255 shares of the basic materials company’s stock worth $7,433,000 after acquiring an additional 4,212 shares during the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Zacks Research upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Jefferies Financial Group restated a “hold” rating and issued a $40.00 price target (up previously from $34.00) on shares of OR Royalties in a research report on Monday, October 6th. Wall Street Zen raised OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. Canaccord Genuity Group upgraded OR Royalties from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 22nd. Finally, Raymond James Financial upgraded shares of OR Royalties from a “market perform” rating to an “outperform” rating and set a $41.00 target price on the stock in a research note on Thursday, November 6th. Two equities research 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 stock. According to MarketBeat.com, OR Royalties has an average rating of “Buy” and a consensus price target of $36.25.

OR Royalties Stock Performance

NYSE OR opened at $32.45 on Wednesday. The company has a quick ratio of 4.73, a current ratio of 4.73 and a debt-to-equity ratio of 0.03. OR Royalties Inc. has a twelve month low of $17.55 and a twelve month high of $42.25. The business has a 50-day moving average price of $35.66 and a 200-day moving average price of $30.39. The firm has a market cap of $6.11 billion, a price-to-earnings ratio of 87.70 and a beta of 0.72.

OR Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03. OR Royalties had a return on equity of 8.56% and a net margin of 35.25%.The company had revenue of $71.63 million for the quarter, compared to analysts’ expectations of $53.85 million. As a group, equities research analysts predict that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 31st. OR Royalties’s dividend payout ratio (DPR) is presently 29.73%.

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.