Two Sigma Advisers LP increased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 280.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 104,700 shares of the basic materials company's stock after buying an additional 77,200 shares during the period. Two Sigma Advisers LP owned 0.06% of Osisko Gold Royalties worth $1,895,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in OR. SBI Securities Co. Ltd. acquired a new position in Osisko Gold Royalties during the 4th quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Osisko Gold Royalties during the 4th quarter valued at about $72,000. Northwest & Ethical Investments L.P. lifted its position 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 during the period. Franklin Resources Inc. lifted its position 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 valued at $222,000 after purchasing an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new position in Osisko Gold Royalties during the 4th quarter valued at about $244,000. Institutional investors and hedge funds own 68.52% of the company's stock.
Osisko Gold Royalties Trading Down 0.8%
Shares of NYSE:OR traded down $0.22 during mid-day trading on Tuesday, reaching $26.85. The stock had a trading volume of 628,957 shares, compared to its average volume of 749,960. The firm has a 50 day simple moving average of $23.13 and a two-hundred day simple moving average of $20.50. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $27.14. 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 firm has a market cap of $5.03 billion, a PE ratio of 298.28 and a beta of 0.76.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping 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 business had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. On average, research 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 announced 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 represents a $0.22 dividend on an annualized basis and a yield of 0.82%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is presently 105.88%.
Analysts Set New Price Targets
A number of research analysts have issued reports on OR shares. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their target price for the company from $22.00 to $24.00 in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Royal Bank of Canada cut 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 report on Friday, April 4th. Finally, Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. 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, Osisko Gold Royalties has an average rating of "Moderate Buy" and a consensus target price of $23.00.
Read Our Latest Stock Analysis on OR
About Osisko Gold Royalties
(
Free Report)
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.
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