Raymond James Remains a Buy on OR Royalties (OR)

Raymond James analyst Brian MacArthur maintained a Buy rating on OR Royalties today and set a price target of $47.00.

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According to TipRanks, MacArthur is a top 25 analyst with an average return of 32.2% and a 71.34% success rate. MacArthur covers the Basic Materials sector, focusing on stocks such as Freeport-McMoRan, Royal Gold, and Newmont Mining.

In addition to Raymond James, OR Royalties also received a Buy from TipRanks – Google’s Google Gold in a report issued on January 5. However, on January 6, BMO Capital maintained a Hold rating on OR Royalties (NYSE: OR).

Based on OR Royalties’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of C$71.63 million and a net profit of C$82.85 million. In comparison, last year the company earned a revenue of C$42.19 million and had a net profit of C$13.48 million

Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of OR in relation to earlier this year.