
OR Royalties Inc. (NYSE:OR – Free Report) – Investment analysts at Scotiabank reduced their FY2026 earnings per share estimates for shares of OR Royalties in a research note issued on Wednesday, July 15th. Scotiabank analyst T. Jakusconek now anticipates that the basic materials company will post earnings per share of $1.24 for the year, down from their previous estimate of $1.26. 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 $1.27 per share.
OR Royalties (NYSE:OR – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.40 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.06. The firm had revenue of $102.83 million for the quarter, compared to analyst estimates of $103.27 million. OR Royalties had a return on equity of 15.10% and a net margin of 78.09%.
Check Out Our Latest Report on OR Royalties
OR Royalties Stock Up 4.0%
Shares of OR stock opened at $29.17 on Monday. The stock has a fifty day moving average of $33.27 and a 200 day moving average of $37.99. OR Royalties has a 52 week low of $27.40 and a 52 week high of $48.06. The firm has a market capitalization of $5.46 billion, a price-to-earnings ratio of 21.77 and a beta of 0.74.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the business. Norges Bank bought a new stake in OR Royalties during the fourth quarter worth about $88,597,000. Elliott Investment Management L.P. lifted its holdings 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 valued at $110,098,000 after purchasing an additional 930,849 shares during the last quarter. 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. Invesco Ltd. boosted its position in shares of OR Royalties by 85.3% in the 3rd quarter. Invesco Ltd. now owns 1,543,366 shares of the basic materials company’s stock worth $61,858,000 after purchasing an additional 710,654 shares in the last quarter. Finally, Verbena Value LP purchased a new stake in shares of OR Royalties in the 4th quarter worth approximately $24,734,000. 68.52% of the stock is currently owned by institutional investors.
OR Royalties Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.065 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from OR Royalties’s previous quarterly dividend of $0.06. OR Royalties’s payout ratio is currently 18.66%.
OR Royalties Company Profile
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.
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