Osisko Gold Royalties (NYSE:OR) Shares Up 3.8%

Shares of Osisko Gold Royalties Ltd (NYSE:ORGet Rating) shot up 3.8% during trading on Friday . The stock traded as high as $13.30 and last traded at $13.27. 69,754 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 739,708 shares. The stock had previously closed at $12.78.

Analyst Ratings Changes

Several brokerages have commented on OR. TD Securities lifted their price objective on shares of Osisko Gold Royalties from C$20.00 to C$21.00 in a research report on Monday, November 14th. BMO Capital Markets lifted their price objective on shares of Osisko Gold Royalties from C$18.00 to C$21.00 in a research report on Wednesday, February 15th. Scotiabank lifted their price objective on shares of Osisko Gold Royalties from C$25.00 to C$26.00 in a research report on Wednesday, January 18th. Raymond James lifted their price objective on shares of Osisko Gold Royalties from C$21.00 to C$21.50 in a research report on Thursday, December 29th. Finally, National Bank Financial lifted their target price on shares of Osisko Gold Royalties from C$22.00 to C$23.00 in a research note on Friday, January 13th.

Osisko Gold Royalties Price Performance

The stock has a market cap of $2.40 billion, a PE ratio of -26.06 and a beta of 0.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 5.87 and a quick ratio of 0.98. The firm’s 50 day moving average price is $13.03 and its two-hundred day moving average price is $11.78.

Osisko Gold Royalties (NYSE:ORGet Rating) last issued its quarterly earnings data on Thursday, February 23rd. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.11 by $0.03. The company had revenue of $45.61 million during the quarter. Osisko Gold Royalties had a negative net margin of 49.75% and a positive return on equity of 2.83%. On average, research analysts expect that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be paid a dividend of $0.041 per share. The ex-dividend date of this dividend is Thursday, March 30th. This represents a $0.16 annualized dividend and a yield of 1.26%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is currently -32.00%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its position in Osisko Gold Royalties by 8.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 12,555 shares of the basic materials company’s stock valued at $127,000 after purchasing an additional 1,021 shares during the period. Geode Capital Management LLC grew its position in shares of Osisko Gold Royalties by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 65,154 shares of the basic materials company’s stock worth $785,000 after buying an additional 1,224 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of Osisko Gold Royalties by 0.8% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 152,982 shares of the basic materials company’s stock worth $1,558,000 after buying an additional 1,229 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Osisko Gold Royalties by 1.0% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 140,216 shares of the basic materials company’s stock worth $1,442,000 after buying an additional 1,354 shares during the period. Finally, Vident Investment Advisory LLC grew its position in shares of Osisko Gold Royalties by 9.2% in the 1st quarter. Vident Investment Advisory LLC now owns 16,504 shares of the basic materials company’s stock worth $218,000 after buying an additional 1,389 shares during the period. 55.37% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Company Profile

(Get Rating)

Osisko Gold Royalties Ltd. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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