OR Royalties Inc. $OR Shares Purchased by U S Global Investors Inc.

U S Global Investors Inc. raised its stake in OR Royalties Inc. (NYSE:OR) by 55.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 534,625 shares of the basic materials company’s stock after buying an additional 191,380 shares during the period. OR Royalties makes up about 2.4% of U S Global Investors Inc.’s investment portfolio, making the stock its 12th largest holding. U S Global Investors Inc.’s holdings in OR Royalties were worth $20,326,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of OR. Norges Bank bought a new stake in shares of OR Royalties during the 4th quarter worth $88,597,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of OR Royalties by 39.2% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 7,543,667 shares of the basic materials company’s stock worth $302,419,000 after purchasing an additional 2,124,421 shares during the period. Elliott Investment Management L.P. raised its position in shares of OR Royalties by 42.7% during the fourth quarter. Elliott Investment Management L.P. now owns 3,111,000 shares of the basic materials company’s stock worth $110,098,000 after purchasing an additional 930,849 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of OR Royalties by 152.4% during the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock valued at $26,539,000 after purchasing an additional 758,815 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of OR Royalties by 85.3% during the third quarter. Invesco Ltd. now owns 1,543,366 shares of the basic materials company’s stock valued at $61,858,000 after purchasing an additional 710,654 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on OR shares. Zacks Research cut OR Royalties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Wall Street Zen lowered shares of OR Royalties from a “buy” rating to a “hold” rating in a research note on Saturday, June 6th. Royal Bank Of Canada decreased their target price on shares of OR Royalties from $50.00 to $45.00 and set an “outperform” rating for the company in a report on Thursday. Jefferies Financial Group dropped their target price on shares of OR Royalties from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Monday. Finally, Weiss Ratings downgraded shares of OR Royalties from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.75.

OR Royalties Stock Down 1.5%

Shares of OR traded down $0.45 during mid-day trading on Friday, reaching $29.30. The company’s stock had a trading volume of 542,980 shares, compared to its average volume of 1,077,324. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 21.86 and a beta of 0.74. The business has a fifty day moving average of $34.62 and a 200 day moving average of $38.37. OR Royalties Inc. has a 1 year low of $26.86 and a 1 year high of $48.06.

OR Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.06. The business had revenue of $102.83 million for the quarter, compared to the consensus estimate of $103.27 million. OR Royalties had a return on equity of 15.10% and a net margin of 78.09%. On average, analysts predict that OR Royalties Inc. will post 1.4 earnings per share for the current year.

OR Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.065 per share. This is a boost from OR Royalties’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.26 annualized dividend and a yield of 0.9%. OR Royalties’s dividend payout ratio (DPR) is presently 18.66%.

About OR Royalties

OR Royalties PLC (NYSE: OR) is a closed-ended investment company that specializes in acquiring and managing royalty interests in life science and pharmaceutical products. The company provides capital to biotechnology, specialty pharmaceutical and medical device companies in exchange for a share of future sales revenues. By focusing on royalties secured against marketed products, OR Royalties aims to deliver income and growth potential while minimizing the development and commercialization risks typically associated with direct equity stakes.

The company’s core activities include sourcing royalty transactions, structuring bespoke financing solutions and actively monitoring a diversified portfolio of assets.