Louisbourg Investments Inc. Increases Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. boosted its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 78.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 279,555 shares of the basic materials company's stock after buying an additional 122,918 shares during the period. Osisko Gold Royalties makes up about 1.5% of Louisbourg Investments Inc.'s holdings, making the stock its 22nd largest holding. Louisbourg Investments Inc. owned 0.15% of Osisko Gold Royalties worth $5,906,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Osisko Gold Royalties in the fourth quarter valued at $72,000. Northwest & Ethical Investments L.P. raised its position in Osisko Gold Royalties by 11.0% during 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 in the last quarter. Employees Retirement System of Texas bought a new stake in Osisko Gold Royalties during the fourth quarter worth about $1,306,000. Finally, Franklin Resources Inc. lifted its stake in Osisko Gold Royalties by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after purchasing an additional 534 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OR shares. Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and increased their price objective for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Wall Street Zen upgraded shares of Osisko Gold Royalties from a "hold" rating to a "buy" rating in a research report on Saturday. Royal Bank of Canada decreased their price target on shares of 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. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Finally, Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Osisko Gold Royalties Trading Down 0.9%

OR traded down $0.24 on Tuesday, hitting $26.13. 609,114 shares of the company were exchanged, compared to its average volume of 749,150. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $20.93. The stock has a market capitalization of $4.91 billion, a PE ratio of 290.33 and a beta of 0.76. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $27.60.

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. 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 analyst estimates of $79.63 million. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.055 dividend. This represents a $0.22 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date 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 (DPR) is 105.88%.

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.