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

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

Several other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Osisko Gold Royalties during the 4th quarter worth approximately $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth $72,000. Northwest & Ethical Investments L.P. boosted 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 valued at $114,000 after purchasing an additional 626 shares during the period. Employees Retirement System of Texas purchased a new position in shares of Osisko Gold Royalties in the fourth quarter valued at $131,000. Finally, Franklin Resources Inc. grew its holdings in Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 534 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Up 0.4%

NYSE:OR traded up $0.10 during mid-day trading on Thursday, reaching $25.23. The stock had a trading volume of 713,754 shares, compared to its average volume of 748,419. The company has a market capitalization of $4.72 billion, a price-to-earnings ratio of 280.33 and a beta of 0.76. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $25.65. The stock's 50 day simple moving average is $22.80 and its two-hundred day simple moving average is $20.33. 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 - Get Free Report) last posted 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 during the quarter, compared to the consensus estimate of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.055 dividend. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's payout ratio is presently 105.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OR shares. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Royal Bank of Canada lowered their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. 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 given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.00.

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.