JPMorgan Chase & Co. Has $369,000 Position in Osisko Gold Royalties Ltd (NYSE:OR)

JPMorgan Chase & Co. raised its position in Osisko Gold Royalties Ltd (NYSE:OR) by 20.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,402 shares of the basic materials company’s stock after purchasing an additional 3,455 shares during the quarter. JPMorgan Chase & Co.’s holdings in Osisko Gold Royalties were worth $369,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. PFG Investments LLC raised its position in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 527 shares during the last quarter. Addenda Capital Inc. increased its position in Osisko Gold Royalties by 1.4% during the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 532 shares during the period. Northwest & Ethical Investments L.P. raised its holdings in Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 626 shares during the last quarter. Lane Generational LLC lifted its position in shares of Osisko Gold Royalties by 0.3% in the 4th quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company’s stock worth $5,492,000 after purchasing an additional 1,041 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in shares of Osisko Gold Royalties by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 1,373 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on OR shares. National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Scotiabank raised 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 research report on Monday, April 14th. Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Finally, Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Osisko Gold Royalties Price Performance

OR stock opened at $23.46 on Friday. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $24.18. The stock has a market capitalization of $4.39 billion, a PE ratio of 260.71 and a beta of 0.88. The company’s 50-day moving average is $20.80 and its 200-day moving average is $19.82. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly 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. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The business had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Equities research analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.78%. Osisko Gold Royalties’s payout ratio is 200.00%.

Osisko Gold Royalties Company 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.