126,059 Shares in OR Royalties Inc. $OR Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in OR Royalties Inc. (NYSE:OR) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 126,059 shares of the basic materials company’s stock, valued at approximately $2,662,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Versor Investments LP purchased a new stake in shares of OR Royalties during the 1st quarter worth about $840,000. Summit Securities Group LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth about $62,000. Northwest & Ethical Investments L.P. raised its stake in shares of OR Royalties by 148.6% during the 1st quarter. Northwest & Ethical Investments L.P. now owns 15,641 shares of the basic materials company’s stock worth $330,000 after purchasing an additional 9,349 shares in the last quarter. Russell Investments Group Ltd. raised its stake in shares of OR Royalties by 10.3% during the 1st quarter. Russell Investments Group Ltd. now owns 174,975 shares of the basic materials company’s stock worth $3,693,000 after purchasing an additional 16,396 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth about $2,873,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

OR has been the subject of a number of recent research reports. National Bankshares reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen downgraded OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Scotiabank raised their price target on OR Royalties from $26.00 to $28.00 and gave the stock a “sector outperform” rating in a research note on Monday, July 7th. Finally, CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $24.33.

OR Royalties Stock Up 0.6%

Shares of OR stock opened at $30.1860 on Thursday. The stock’s 50 day simple moving average is $27.68 and its 200 day simple moving average is $23.82. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.73 and a current ratio of 4.73. OR Royalties Inc. has a twelve month low of $16.50 and a twelve month high of $31.28. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 81.59 and a beta of 0.71.

OR Royalties (NYSE:OR) last issued its quarterly earnings data on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. The company had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. As a group, research analysts predict that OR Royalties Inc. will post 0.62 EPS for the current year.

OR Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties’s dividend payout ratio (DPR) is presently 51.35%.

OR Royalties Company 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.