PKO Investment Management Joint Stock Co Takes $1.41 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

PKO Investment Management Joint Stock Co acquired a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 77,800 shares of the basic materials company's stock, valued at approximately $1,409,000.

Other large investors have also made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Osisko Gold Royalties in the 4th quarter valued at approximately $60,364,000. Arrowstreet Capital Limited Partnership raised its holdings in Osisko Gold Royalties by 352.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after acquiring an additional 3,194,173 shares in the last quarter. Tidal Investments LLC acquired a new position in Osisko Gold Royalties in the 4th quarter valued at approximately $34,209,000. FMR LLC raised its holdings in Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock valued at $101,659,000 after acquiring an additional 1,128,969 shares in the last quarter. Finally, Norges Bank acquired a new position in Osisko Gold Royalties in the 4th quarter valued at approximately $11,683,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Price Performance

NYSE OR traded up $0.34 during trading hours on Friday, reaching $25.57. 1,129,165 shares of the company's stock were exchanged, compared to its average volume of 748,801. The stock has a market cap of $4.79 billion, a PE ratio of 284.11 and a beta of 0.76. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $25.68. The firm has a fifty day moving average of $22.89 and a 200-day moving average of $20.40. 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 (NYSE:OR - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.86%. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio (DPR) is presently 105.88%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on OR shares. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Finally, Royal Bank of Canada lowered their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Osisko Gold Royalties currently has an average rating of "Moderate Buy" and a consensus 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.