OR Royalties (NYSE:OR) Announces Earnings Results

OR Royalties (NYSE:OR) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02, Zacks reports. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%.

OR Royalties Price Performance

NYSE OR traded down $0.76 on Wednesday, reaching $35.65. The company’s stock had a trading volume of 844,927 shares, compared to its average volume of 1,090,768. OR Royalties has a twelve month low of $27.54 and a twelve month high of $48.06. The stock has a market cap of $6.64 billion, a PE ratio of 23.77 and a beta of 0.76. The firm’s 50 day moving average is $35.06 and its two-hundred day moving average is $36.45. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28.

Analyst Ratings Changes

A number of research firms have recently weighed in on OR. Royal Bank Of Canada lifted their price target on OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Weiss Ratings raised OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 29th. Zacks Research upgraded shares of OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Scotiabank cut their price objective on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, OR Royalties currently has a consensus rating of “Hold” and a consensus price target of $41.00.

OR Royalties Company Profile

OR Royalties is a precious metals royalty and streaming company. Rather than operating mines directly, it provides financing to mining companies in exchange for royalties, streams, and other interests that can entitle it to a share of production or revenue from mineral projects. The company’s portfolio includes interests in gold and other mineral projects, including royalties associated with Canadian Malartic and Éléonore in Canada. Its assets span multiple jurisdictions, with a significant presence in the Americas.