Two Sigma Investments LP Grows Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Two Sigma Investments LP raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 78.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 67,407 shares of the basic materials company’s stock after buying an additional 29,606 shares during the quarter. Two Sigma Investments LP’s holdings in Osisko Gold Royalties were worth $1,220,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OR. Vanguard Group Inc. increased its holdings in shares of Osisko Gold Royalties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company’s stock valued at $130,529,000 after purchasing an additional 128,099 shares during the period. FMR LLC increased its holdings in shares of Osisko Gold Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock valued at $101,659,000 after purchasing an additional 1,128,969 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Osisko Gold Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after purchasing an additional 3,194,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at about $60,364,000. Finally, CIBC Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Up 0.4%

Shares of OR opened at $26.91 on Thursday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $27.14. The stock’s 50 day moving average is $23.25 and its two-hundred day moving average is $20.55. The firm has a market cap of $5.04 billion, a P/E ratio of 299.00 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. Analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.055 dividend. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.82%. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 105.88%.

Wall Street Analyst Weigh In

Several analysts recently commented on OR shares. Royal Bank of Canada dropped their target price 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. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and raised their target price for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Raymond James reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat, Osisko Gold Royalties has an average rating of “Moderate Buy” and an average target price of $23.00.

About Osisko Gold Royalties

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.