OR Royalties (NYSE:OR) Announces Earnings Results, Beats Estimates By $0.02 EPS

OR Royalties (NYSE:OR) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.29 EPS for the quarter, beating 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 Down 2.1%

Shares of OR stock traded down $0.76 during mid-day trading on Wednesday, reaching $35.65. 844,927 shares of the company were exchanged, compared to its average volume of 1,090,768. The company has a market capitalization of $6.64 billion, a P/E ratio of 23.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.28 and a current ratio of 2.28. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The business’s 50 day simple moving average is $35.06 and its 200 day simple moving average is $36.45.

Analyst Ratings Changes

A number of research analysts have recently weighed in on OR shares. Zacks Research upgraded OR Royalties from a “strong sell” rating to a “hold” rating in a research report on Monday, September 14th. Weiss Ratings raised OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Scotiabank dropped their price target on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Finally, Royal Bank Of Canada lifted 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. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target 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.