U S Global Investors 13F: Cuts OR Royalties (OR) Stake by $8.9M

U S Global Investors cut its stake in OR Royalties Inc. OR by 44.7% during the quarter, according to a Form 13F filing with the SEC on October 22, 2026. The institutional investor sold 259,439 shares, leaving it with 321,284 shares valued at about $11.0 million. OR Royalties closed at $33.33 on the day of the filing.

OR OR Royalties Inc.

$32.85 ▼ -6.20% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in U S Global Investors's OR Royalties Inc. Position

The fund reduced its holdings from 580,723 shares down to 321,284 shares. This 44.7% decrease left the portfolio with a smaller position in the precious metal royalty business as of the filing date.

Other Institutional Activity in OR Royalties Inc.

Other large investors adjusted their holdings in the company around the same period. Euro Pacific Asset Management grew its holdings by 24,036 shares, ending with 1,053,179 shares worth about $38.9 million. Edgepoint Investment Group Inc. cut its position by 1,093,640 shares to hold 18,366,141 shares valued at about $603.3 million. Van Eck Associates Corporation raised its stake by 614,655 shares to hold 11,085,785 shares worth about $364.2 million. Mirae Asset Global ETFs Holdings Ltd. lifted its holdings by 235,726 shares, ending with 7,293,395 shares valued at $239.6 million. Tidal Investments LLC grew its position by 580,894 shares to hold 3,309,375 shares worth about $108.7 million.

OR Royalties Inc. Stock Down 5.6%

OR Royalties Inc. recently traded around $32.85, down about 1.4% since the filing date. The stock sits about 7.5% below its 50-day moving average of $35.50 and roughly 10.9% below its 200-day moving average of $36.85. Shares trade about 31.6% below the 52-week high of $48.06, while holding roughly 19.3% above the 52-week low of $27.54. The company carries a market capitalization of roughly $6.2 billion and a forward P/E of 24.7.

Recent Earnings

OR Royalties Inc. reported trailing twelve-month revenue of $362.7 million with basic earnings of $1.51 per share. The firm generated a net profit margin of 78.0% and a return on equity of 20.4%. Its next quarterly earnings report is scheduled for November 11, 2026.

Dividend

The company pays an annual dividend of $0.26 per share, representing a dividend yield of 0.78%. That payout is supported by a dividend payout ratio of 15.2%.

Analysts Set New Price Targets

Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $43.75 across 4 analyst opinions. Jefferies held a hold rating with a $34.00 target on July 6, 2026. RBC Capital maintained an outperform rating and set a $45.00 target on July 9, 2026, later updating it to a $47.00 target on September 16, 2026. Scotiabank kept a sector perform rating with a $42.00 target on July 14, 2026.

About OR Royalties Inc.

OR Royalties Inc. acquires and manages precious metal streams, royalties, and related financial interests across international projects. Its primary asset includes a net smelter return royalty on the Canadian Malartic complex.

Bottom Line

Investors are watching how the stock performs ahead of the upcoming earnings release on November 11, 2026. Future regulatory and institutional filings will show whether other funds follow similar rebalancing moves.