Deutsche Bank AG Purchases 68,668 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Deutsche Bank AG increased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 629.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,581 shares of the basic materials company's stock after purchasing an additional 68,668 shares during the quarter. Deutsche Bank AG's holdings in Osisko Gold Royalties were worth $1,440,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in OR. Jane Street Group LLC lifted its stake in Osisko Gold Royalties by 72.8% in the fourth quarter. Jane Street Group LLC now owns 273,221 shares of the basic materials company's stock valued at $4,945,000 after acquiring an additional 115,081 shares during the last quarter. Parvin Asset Management LLC acquired a new stake in Osisko Gold Royalties in the fourth quarter valued at approximately $1,642,000. The Manufacturers Life Insurance Company lifted its stake in Osisko Gold Royalties by 6.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 844,897 shares of the basic materials company's stock valued at $15,316,000 after acquiring an additional 48,093 shares during the last quarter. Yaupon Capital Management LP lifted its stake in Osisko Gold Royalties by 1.6% in the fourth quarter. Yaupon Capital Management LP now owns 805,555 shares of the basic materials company's stock valued at $14,587,000 after acquiring an additional 12,717 shares during the last quarter. Finally, TD Waterhouse Canada Inc. raised its position in shares of Osisko Gold Royalties by 4.9% in the fourth quarter. TD Waterhouse Canada Inc. now owns 201,831 shares of the basic materials company's stock valued at $3,604,000 after purchasing an additional 9,381 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock traded up $0.28 on Wednesday, hitting $25.14. The company's stock had a trading volume of 268,381 shares, compared to its average volume of 746,405. The firm has a market cap of $4.71 billion, a P/E ratio of 279.33 and a beta of 0.76. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average price of $22.61 and a 200-day moving average price of $20.25. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $25.65.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The company had revenue of $54.92 million for 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%. On average, equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders 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. The ex-dividend date is Monday, June 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.88%. Osisko Gold Royalties's dividend payout ratio is presently 105.88%.

Analyst Ratings Changes

OR has been the topic of a number of recent analyst reports. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the stock from $22.00 to $24.00 in a research report on Monday, April 14th. Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Finally, Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report 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. According to MarketBeat, the stock 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.