OR Royalties Inc. (NYSE:OR) Stock Now Rated “Hold” by Sell-Side Analysts

Shares of OR Royalties Inc. (NYSE:OR) have earned an average recommendation of “Hold” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $41.00.

A number of brokerages have recently commented on OR. Weiss Ratings raised OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 29th. Scotiabank reduced their price objective on shares of OR Royalties from $51.00 to $42.00 and set a “sector perform” rating on the stock in a research note on Tuesday, July 14th. Zacks Research upgraded shares of OR Royalties from a “strong sell” rating to a “hold” rating in a report on Monday, September 14th. Finally, Royal Bank Of Canada upped their target price on shares of OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, September 16th.

OR Royalties Stock Up 4.3%

NYSE:OR opened at $37.77 on Tuesday. OR Royalties has a 12-month low of $27.54 and a 12-month high of $48.06. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $7.04 billion, a P/E ratio of 27.38 and a beta of 0.76. The stock’s fifty day simple moving average is $35.07 and its 200-day simple moving average is $36.49.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in OR. Virtus Advisers LLC raised its position in shares of OR Royalties by 16.8% in the third quarter. Virtus Advisers LLC now owns 10,242 shares of the basic materials company’s stock valued at $352,000 after buying an additional 1,471 shares during the last quarter. Euro Pacific Asset Management LLC boosted its position in OR Royalties by 2.4% during the third quarter. Euro Pacific Asset Management LLC now owns 1,054,270 shares of the basic materials company’s stock worth $36,188,000 after acquiring an additional 25,127 shares during the last quarter. Paragon Advisors LLC acquired a new stake in OR Royalties during the third quarter worth approximately $243,000. Ethic Inc. purchased a new stake in OR Royalties in the 3rd quarter worth approximately $237,000. Finally, Parallel Advisors LLC purchased a new stake in OR Royalties in the 3rd quarter worth approximately $243,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.

OR Royalties traces its origins to 2014, when it was established as Osisko Gold Royalties.