OR Royalties (NYSE:OR) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

OR Royalties (NYSE:OR) released its earnings results on Wednesday. The basic materials company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.02, Zacks reports. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%.

OR Royalties Stock Performance

OR stock traded down $0.76 during trading on Wednesday, hitting $35.65. 844,963 shares of the company’s stock traded hands, compared to its average volume of 1,091,512. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. OR Royalties has a 52 week low of $27.54 and a 52 week high of $48.06. The stock has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $36.45. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 23.77 and a beta of 0.76.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on OR shares. 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. Scotiabank lowered their price objective 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. Zacks Research upgraded OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada increased their target price on OR Royalties from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, September 16th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price 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.