Cetera Investment Advisers Invests $268,000 in OR Royalties Inc. $OR

Cetera Investment Advisers bought a new position in shares of OR Royalties Inc. (NYSE:OR) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 12,707 shares of the basic materials company’s stock, valued at approximately $268,000.

Other hedge funds have also modified their holdings of the company. Employees Retirement System of Texas purchased a new stake in shares of OR Royalties during the 4th quarter worth about $131,000. Autumn Glory Partners LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth about $232,000. Mariner LLC boosted its stake in shares of OR Royalties by 36.1% during the 4th quarter. Mariner LLC now owns 15,816 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 4,197 shares in the last quarter. Synergy Asset Management LLC purchased a new stake in shares of OR Royalties during the 1st quarter worth about $301,000. Finally, SeaBridge Investment Advisors LLC boosted its stake in shares of OR Royalties by 14.8% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company’s stock worth $327,000 after acquiring an additional 2,000 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

OR Royalties Trading Up 0.6%

OR opened at $30.1860 on Thursday. The company has a debt-to-equity ratio of 0.03, a current ratio of 4.73 and a quick ratio of 4.73. The company’s 50 day simple moving average is $27.68 and its two-hundred day simple moving average is $23.82. OR Royalties Inc. has a 1-year low of $16.50 and a 1-year high of $31.28. The firm 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 released its earnings results 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 return on equity of 8.56% and a net margin of 35.25%.The business had revenue of $60.36 million during the quarter, compared to analysts’ expectations of $83.25 million. Analysts expect that OR Royalties Inc. will post 0.62 EPS for the current fiscal year.

OR Royalties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, September 30th. OR Royalties’s payout ratio is presently 51.35%.

About OR Royalties

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.