Raymond James Financial Downgrades OR Royalties (NYSE:OR) to Hold

OR Royalties (NYSE:OR) was downgraded by Raymond James Financial from a “moderate buy” rating to a “hold” rating in a report released on Thursday,Zacks.com reports.

Several other research analysts have also issued reports on the stock. Jefferies Financial Group reaffirmed a “hold” rating and issued a $40.00 target price (up previously from $34.00) on shares of OR Royalties in a research note on Monday, October 6th. National Bankshares reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, June 24th. Wall Street Zen raised shares of OR Royalties from a “hold” rating to a “buy” rating in a research note on Saturday, October 4th. CIBC reaffirmed an “outperform” rating on shares of OR Royalties in a research note on Tuesday, July 15th. Finally, Canaccord Genuity Group lowered shares of OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, OR Royalties currently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

OR Royalties Stock Up 0.1%

Shares of NYSE OR opened at $37.63 on Thursday. The firm has a market capitalization of $7.08 billion, a PE ratio of 101.71 and a beta of 0.75. The company has a current ratio of 4.73, a quick ratio of 4.73 and a debt-to-equity ratio of 0.03. OR Royalties has a 1 year low of $17.55 and a 1 year high of $42.25. The firm’s 50-day moving average is $34.36 and its 200-day moving average is $28.03.

OR Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 5th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $60.36 million during the quarter, compared to the consensus estimate of $83.25 million. OR Royalties had a net margin of 35.25% and a return on equity of 8.56%. Equities analysts expect that OR Royalties will post 0.62 EPS for the current year.

Institutional Trading of OR Royalties

Hedge funds have recently bought and sold shares of the stock. Versor Investments LP acquired a new stake in OR Royalties during the 1st quarter worth approximately $840,000. Trexquant Investment LP acquired a new stake in OR Royalties during the 1st quarter worth approximately $248,000. Hsbc Holdings PLC acquired a new stake in OR Royalties during the 1st quarter worth approximately $208,000. Farther Finance Advisors LLC acquired a new stake in OR Royalties during the 2nd quarter worth approximately $314,000. Finally, Bessemer Group Inc. raised its holdings in OR Royalties by 155.1% during the 1st quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company’s stock worth $1,164,000 after buying an additional 33,500 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

OR Royalties Company Profile

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.