Ingalls & Snyder LLC Acquires Shares of 12,585 Osisko Gold Royalties Ltd (NYSE:OR)

Ingalls & Snyder LLC acquired a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,585 shares of the basic materials company’s stock, valued at approximately $180,000.

A number of other large investors have also added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after buying an additional 810,979 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Osisko Gold Royalties by 1.9% in the third quarter. Vanguard Group Inc. now owns 6,694,817 shares of the basic materials company’s stock worth $78,664,000 after purchasing an additional 122,926 shares during the last quarter. Sprott Inc. raised its stake in shares of Osisko Gold Royalties by 2.7% in the third quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock worth $40,440,000 after purchasing an additional 90,292 shares during the last quarter. Invesco Ltd. raised its stake in shares of Osisko Gold Royalties by 1.2% in the first quarter. Invesco Ltd. now owns 2,446,061 shares of the basic materials company’s stock worth $32,263,000 after purchasing an additional 29,825 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Osisko Gold Royalties in the fourth quarter worth $21,208,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Performance

NYSE OR opened at $16.12 on Monday. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average price of $15.37 and a 200-day moving average price of $14.10. Osisko Gold Royalties Ltd has a twelve month low of $11.24 and a twelve month high of $17.96.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. Equities analysts predict that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Stockholders of record on Thursday, March 28th will be issued a $0.0444 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.10%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date is Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -94.74%.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on Osisko Gold Royalties in a research note on Thursday, February 29th. They issued a “hold” rating and a $15.00 price target for the company.

Osisko Gold Royalties Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.