OR Royalties Inc Shares Surge Past Analyst Target Price
Recently, shares of OR Royalties Inc (Symbol: OR) surpassed the average analyst 12-month target price of $26.28, trading at $27.06 per share. When a stock meets an analyst’s target, they can either downgrade on valuation or raise their target price. Analyst actions may also reflect fundamental business developments impacting stock performance.
Within Zacks’ coverage, 11 analysts contributed to OR Royalties’ average target price. While the average is $26.28, some analysts project lower targets, like $22.24, while others set targets as high as $30.14. The standard deviation is $2.231, indicating variability among the estimates.
Evaluating the average target allows investors to consider collective insights rather than relying on one expert’s opinion. With OR’s current price above the average target, investors are prompted to assess whether this price is a stepping stone towards higher targets or if the valuation has become excessive, suggesting potential profit-taking.
| Recent OR Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 6 | 6 | 5 | 6 |
| Buy ratings: | 3 | 3 | 3 | 3 |
| Hold ratings: | 2 | 2 | 3 | 3 |
| Sell ratings: | 0 | 0 | 0 | 0 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 1.64 | 1.64 | 1.82 | 1.75 |
The average rating is based on a scale from 1 (Strong Buy) to 5 (Strong Sell). This report uses data from Zacks Investment Research via Quandl.com.
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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
