Scotiabank Analysts Lift Earnings Estimates for OR Royalties

OR Royalties Inc. (NYSE:OR) – Research analysts at Scotiabank lifted their FY2027 earnings per share (EPS) estimates for OR Royalties in a report released on Monday, November 2nd. Scotiabank analyst T. Jakusconek now expects that the basic materials company will post earnings of $2.40 per share for the year, up from their prior estimate of $1.21. Scotiabank has a “Sector Perform” rating and a $42.00 price objective on the stock. The consensus estimate for OR Royalties’ current full-year earnings is $1.29 per share.

Several other equities research analysts have also commented on the stock. Weiss Ratings upgraded shares of OR Royalties from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 29th. Zacks Research raised shares of OR Royalties from a “strong sell” rating to a “hold” rating in a research note on Monday, September 14th. Finally, Royal Bank Of Canada raised their target price on shares of OR Royalties from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, September 16th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.00.

OR Royalties Trading Up 1.9%

Shares of OR stock opened at $35.16 on Friday. OR Royalties has a fifty-two week low of $27.54 and a fifty-two week high of $48.06. The stock has a market cap of $6.55 billion, a P/E ratio of 23.44 and a beta of 0.76. The business has a fifty day simple moving average of $35.12 and a 200-day simple moving average of $36.56. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

OR Royalties (NYSE:OR) last posted its 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. OR Royalties had a return on equity of 16.41% and a net margin of 78.04%. The company had revenue of $97.82 million for the quarter, compared to analyst estimates of $97.93 million.

Institutional Investors Weigh In On OR Royalties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Verbena Value LP grew its holdings in OR Royalties by 85.3% during the 1st quarter. Verbena Value LP now owns 1,294,900 shares of the basic materials company’s stock valued at $49,232,000 after buying an additional 596,000 shares during the last quarter. Amundi increased its position in OR Royalties by 8.4% during the first quarter. Amundi now owns 1,151,071 shares of the basic materials company’s stock worth $43,764,000 after buying an additional 89,202 shares in the last quarter. Euro Pacific Asset Management LLC raised its holdings in shares of OR Royalties by 2.4% in 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. Bank of America Corp DE raised its holdings in shares of OR Royalties by 37.4% in the first quarter. Bank of America Corp DE now owns 1,008,086 shares of the basic materials company’s stock worth $38,327,000 after acquiring an additional 274,486 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of OR Royalties by 86.2% in the first quarter. Renaissance Technologies LLC now owns 783,302 shares of the basic materials company’s stock worth $29,781,000 after acquiring an additional 362,700 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

OR Royalties Company 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.