1,889,974 Shares in Osisko Gold Royalties Ltd (NYSE:OR) Bought by Tidal Investments LLC

Tidal Investments LLC bought a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 1,889,974 shares of the basic materials company's stock, valued at approximately $34,209,000. Tidal Investments LLC owned approximately 1.01% of Osisko Gold Royalties as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Osisko Gold Royalties during the 4th quarter valued at $72,000. Northwest & Ethical Investments L.P. increased its stake 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 valued at $114,000 after purchasing an additional 626 shares in the last quarter. Franklin Resources Inc. raised its holdings 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 buying an additional 534 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of Osisko Gold Royalties in the fourth quarter valued at $244,000. 68.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Osisko Gold Royalties Stock Performance

OR traded down $0.13 during trading on Thursday, hitting $24.85. 886,216 shares of the company traded hands, compared to its average volume of 743,937. 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 firm has a market cap of $4.65 billion, a P/E ratio of 276.14 and a beta of 0.76. The stock's fifty day moving average is $22.21 and its 200 day moving average is $20.12. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $25.15.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. The business had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. As a group, equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.055 per share. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is presently 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.