OR Royalties Inc. (OR) – What Are Brokerages Saying About This Stock?

OR Royalties Inc. (NYSE:OR) has earned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $41.00.

A number of research firms have commented on OR. Weiss Ratings raised shares of OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Royal Bank Of Canada upped their price target on OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 16th. Scotiabank lowered their price target on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th.

Hedge Funds Weigh In On OR Royalties

Hedge funds have recently bought and sold shares of the company. FCA Corp TX raised its holdings in shares of OR Royalties by 0.8% during the first quarter. FCA Corp TX now owns 39,647 shares of the basic materials company’s stock worth $1,507,000 after acquiring an additional 330 shares during the period. CoreCap Advisors LLC lifted its position in OR Royalties by 52.9% in the 3rd quarter. CoreCap Advisors LLC now owns 1,156 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 400 shares in the last quarter. State of Wyoming acquired a new position in OR Royalties in the 1st quarter worth $28,000. Grove Bank & Trust acquired a new position in OR Royalties in the 2nd quarter worth $32,000. Finally, Kestra Advisory Services LLC boosted its stake in OR Royalties by 16.8% in the 3rd quarter. Kestra Advisory Services LLC now owns 8,361 shares of the basic materials company’s stock worth $287,000 after purchasing an additional 1,201 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Stock Up 2.9%

Shares of NYSE:OR opened at $36.23 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $35.07 and a two-hundred day moving average of $36.52. The stock has a market cap of $6.75 billion, a P/E ratio of 24.15 and a beta of 0.76. OR Royalties has a 52-week low of $27.54 and a 52-week high of $48.06.

OR Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. The firm had revenue of $97.82 million for the quarter, compared to analyst estimates of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. On average, research analysts expect that OR Royalties will post 1.29 earnings per share for the current year.

OR Royalties Company Profile

OR Royalties Inc (NYSE: OR) is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.