Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 629.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,581 shares of the basic materials company's stock after acquiring an additional 68,668 shares during the period. Deutsche Bank AG's holdings in Osisko Gold Royalties were worth $1,440,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. purchased a new stake in Osisko Gold Royalties in the 4th quarter valued at $57,000. CIBC Asset Management Inc grew its position in Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after purchasing an additional 551,936 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Osisko Gold Royalties by 20.4% in the fourth quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after purchasing an additional 3,455 shares during the period. Vanguard Group Inc. raised 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 buying an additional 128,099 shares during the last quarter. Finally, Bessemer Group Inc. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $391,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Performance

OR traded up $0.10 during trading on Thursday, reaching $25.23. The company's 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. The company's fifty day moving average price is $22.80 and its 200-day moving average price is $20.33. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $25.65. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

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 (EPS) for the quarter, topping 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 firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. On average, equities analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal 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 given a dividend of $0.055 per share. 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 0.87%. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is presently 105.88%.

Analyst Upgrades and Downgrades

OR has been the topic of a number of research reports. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Royal Bank of Canada cut their price target 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. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Finally, National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.