14,920 OR Royalties Inc. $OR Shares Bought by Global Strategic Management Inc.

Global Strategic Management Inc. lifted its holdings in shares of OR Royalties Inc. (NYSE:OR) by 7.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 227,946 shares of the basic materials company’s stock after purchasing an additional 14,920 shares during the quarter. OR Royalties makes up about 5.3% of Global Strategic Management Inc.’s holdings, making the stock its 6th biggest position. Global Strategic Management Inc. owned approximately 0.12% of OR Royalties worth $7,832,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Verbena Value LP lifted its stake in shares of OR Royalties by 85.3% in the 1st quarter. Verbena Value LP now owns 1,294,900 shares of the basic materials company’s stock valued at $49,232,000 after purchasing an additional 596,000 shares during the last quarter. Amundi increased its position in OR Royalties by 8.4% during the first quarter. Amundi now owns 1,151,071 shares of the basic materials company’s stock worth $43,764,000 after buying an additional 89,202 shares during the last quarter. Euro Pacific Asset Management LLC increased its position in OR Royalties by 2.3% during the third quarter. Euro Pacific Asset Management LLC now owns 1,053,179 shares of the basic materials company’s stock worth $38,931,000 after buying an additional 24,036 shares during the last quarter. Bank of America Corp DE raised its holdings in OR Royalties by 37.4% during the first quarter. Bank of America Corp DE now owns 1,008,086 shares of the basic materials company’s stock valued at $38,327,000 after buying an additional 274,486 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in OR Royalties by 86.2% during the first quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock valued at $29,781,000 after buying an additional 362,700 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

OR Royalties Price Performance

NYSE OR opened at $35.19 on Friday. OR Royalties Inc. has a 1 year low of $27.54 and a 1 year high of $48.06. The company has a fifty day simple moving average of $35.47 and a 200 day simple moving average of $35.06. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14. The company has a market cap of $6.56 billion, a P/E ratio of 26.48 and a beta of 0.78.

OR Royalties (NYSE:OR) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $97.82 million during 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, sell-side analysts predict that OR Royalties Inc. will post 1.26 EPS for the current year.

OR Royalties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a dividend of $0.0650 per share. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Wednesday, September 30th. OR Royalties’s payout ratio is currently 16.67%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OR shares. Jefferies Financial Group reduced their price target on OR Royalties from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Monday, July 6th. Zacks Research raised OR Royalties from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Royal Bank Of Canada raised their price objective on OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th. Weiss Ratings upgraded OR Royalties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Finally, Scotiabank reduced their target price on OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, OR Royalties has an average rating of “Moderate Buy” and a consensus target price of $41.00.

OR Royalties Company Profile

OR Royalties Inc is a precious-metals royalty and streaming company headquartered in Montreal, Quebec. The company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from mining projects, allowing it to gain exposure to mineral production without directly operating mines.

The company’s portfolio is primarily focused on gold and includes royalties, streams, offtakes and other interests in a range of development, construction and producing assets.