OR Royalties Inc. $OR Stock: U S Global Investors Inc. Cuts Stake

U S Global Investors Inc. lowered its holdings in shares of OR Royalties Inc. (NYSE:OR) by 44.7% in the 3rd quarter, Holdings Channel.com reports. The firm owned 321,284 shares of the basic materials company’s stock after selling 259,439 shares during the quarter. OR Royalties makes up approximately 1.1% of U S Global Investors Inc.’s investment portfolio, making the stock its 24th largest position. U S Global Investors Inc.’s holdings in OR Royalties were worth $11,033,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Axxcess Wealth Management LLC purchased a new position in shares of OR Royalties in the third quarter worth approximately $217,000. Canoe Financial LP increased its holdings in OR Royalties by 50.1% during the third quarter. Canoe Financial LP now owns 119,692 shares of the basic materials company’s stock valued at $4,063,000 after buying an additional 39,960 shares during the last quarter. Louisbourg Investments Inc. increased its holdings in OR Royalties by 25.4% during the third quarter. Louisbourg Investments Inc. now owns 212,505 shares of the basic materials company’s stock valued at $7,309,000 after buying an additional 43,058 shares during the last quarter. Global Strategic Management Inc. increased its holdings in OR Royalties by 7.0% during the third quarter. Global Strategic Management Inc. now owns 227,946 shares of the basic materials company’s stock valued at $7,832,000 after buying an additional 14,920 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new position in OR Royalties in the third quarter worth approximately $144,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Price Performance

NYSE OR opened at $33.30 on Friday. OR Royalties Inc. has a 12 month low of $27.54 and a 12 month high of $48.06. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 27.63 and a beta of 0.78. The company’s 50 day moving average is $35.59 and its two-hundred day moving average is $34.92. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.14.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The business had revenue of $97.82 million for the quarter, compared to the consensus estimate of $97.93 million. OR Royalties had a net margin of 78.04% and a return on equity of 16.41%. As a group, research analysts anticipate that OR Royalties Inc. will post 1.26 earnings per share for the current year.

OR Royalties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders 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 0.8%. The ex-dividend date was Wednesday, September 30th. OR Royalties’s dividend payout ratio (DPR) is presently 16.67%.

Analyst Ratings Changes

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

OR Royalties Profile

OR Royalties Inc (NYSE: OR) is a precious and base metals royalty and streaming company. Rather than operating mines directly, the company provides financing to mining companies in exchange for the right to receive a portion of future production or revenue from qualifying mining projects. Its portfolio includes royalties, streams, offtake agreements and other interests tied primarily to gold, silver, copper and other metals.

The company was established in 2014 following the creation of Osisko Gold Royalties from the assets of Osisko Mining Corporation.