Tidal Investments LLC Acquires Shares of 1,889,974 Osisko Gold Royalties Ltd (NYSE:OR)

Tidal Investments LLC acquired a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,889,974 shares of the basic materials company's stock, valued at approximately $34,209,000. Tidal Investments LLC owned about 1.01% of Osisko Gold Royalties as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties during the fourth quarter worth approximately $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in Osisko Gold Royalties in the fourth quarter worth approximately $72,000. Northwest & Ethical Investments L.P. increased its holdings in Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after purchasing an additional 626 shares during the period. Franklin Resources Inc. increased 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 worth $222,000 after purchasing an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC bought a new stake in Osisko Gold Royalties during the 4th quarter valued at $244,000. Institutional investors own 68.52% of the company's stock.

Osisko Gold Royalties Stock Up 3.0%

Shares of OR traded up $0.74 during midday trading on Friday, hitting $25.60. 541,778 shares of the company's stock traded hands, compared to its average volume of 743,944. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $4.79 billion, a price-to-earnings ratio of 283.84 and a beta of 0.76. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $25.60. The firm's fifty day moving average is $22.30 and its 200-day moving average is $20.15.

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 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 business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $79.63 million. As a group, sell-side analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The business 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. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.86%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio (DPR) is currently 105.88%.

Analyst Upgrades and Downgrades

OR has been the subject of several recent research reports. Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Scotiabank raised shares of 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. National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Finally, Raymond James reiterated 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 five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

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.