Raymond James Financial Inc. Invests $2.59 Million in Osisko Gold Royalties Ltd (NYSE:OR)

Raymond James Financial Inc. bought a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 142,933 shares of the basic materials company’s stock, valued at approximately $2,587,000. Raymond James Financial Inc. owned about 0.08% of Osisko Gold Royalties at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of OR. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth $72,000. Northwest & Ethical Investments L.P. grew its stake in shares of Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after acquiring an additional 626 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after acquiring an additional 534 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth $244,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OR has been the topic of a number of research analyst reports. Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Finally, Scotiabank upgraded Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR opened at $23.64 on Wednesday. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 262.67 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The stock’s 50-day simple moving average is $20.59 and its two-hundred day simple moving average is $19.76. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $24.18.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.77%. Osisko Gold Royalties’s payout ratio is currently 200.00%.

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.