D. E. Shaw & Co. Inc. Sells 48,012 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

D. E. Shaw & Co. Inc. decreased its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 23.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,675 shares of the basic materials company's stock after selling 48,012 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 0.08% of Osisko Gold Royalties worth $2,872,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of OR. Barclays PLC boosted its stake in Osisko Gold Royalties by 16.8% in the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock valued at $2,951,000 after buying an additional 22,898 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Osisko Gold Royalties by 58.2% in the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company's stock worth $314,000 after purchasing an additional 6,237 shares in the last quarter. Addenda Capital Inc. boosted its stake in Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock worth $694,000 after purchasing an additional 532 shares in the last quarter. PFG Investments LLC boosted its stake in Osisko Gold Royalties by 2.2% in the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after purchasing an additional 527 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in Osisko Gold Royalties in the fourth quarter worth $244,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Analysts Set New Price Targets

OR has been the topic of a number of recent analyst reports. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. 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 boosted their price objective for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada reduced 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $23.00.

Osisko Gold Royalties Trading Up 2.3%

Shares of OR traded up $0.57 during trading hours on Friday, hitting $25.43. 1,051,195 shares of the stock traded hands, compared to its average volume of 747,735. 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 1-year low of $15.12 and a 1-year high of $25.65. The firm has a market capitalization of $4.76 billion, a PE ratio of 282.56 and a beta of 0.76. The business has a fifty day moving average of $22.41 and a 200-day moving average of $20.18.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (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 business had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. Analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, June 30th. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio is 105.88%.

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.