Two Sigma Investments LP Boosts Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Two Sigma Investments LP increased its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 78.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,407 shares of the basic materials company's stock after buying an additional 29,606 shares during the quarter. Two Sigma Investments LP's holdings in Osisko Gold Royalties were worth $1,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Franklin Resources Inc. raised its stake 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 acquiring an additional 534 shares during the period. Pictet Asset Management Holding SA raised its stake in Osisko Gold Royalties by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock worth $521,000 after acquiring an additional 564 shares during the period. Northwest & Ethical Investments L.P. raised 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 worth $114,000 after acquiring an additional 626 shares during the period. Lane Generational LLC raised its stake in Osisko Gold Royalties by 0.3% during the 4th quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company's stock worth $5,492,000 after acquiring an additional 1,041 shares during the period. Finally, Alliancebernstein L.P. raised its stake in Osisko Gold Royalties by 4.6% during the 4th quarter. Alliancebernstein L.P. now owns 28,700 shares of the basic materials company's stock worth $519,000 after acquiring an additional 1,260 shares during the period. Hedge funds and other institutional investors own 68.52% of the company's stock.

Osisko Gold Royalties Price Performance

Shares of OR stock traded down $0.56 on Friday, reaching $25.93. The company's stock had a trading volume of 997,198 shares, compared to its average volume of 749,412. The stock's fifty day simple moving average is $23.46 and its 200-day simple moving average is $20.65. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $27.60. 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 company has a market capitalization of $4.85 billion, a price-to-earnings ratio of 288.06 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 for the quarter, beating analysts' consensus estimates of $0.13 by $0.03. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $79.63 million. 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.055 dividend. The ex-dividend date is Monday, June 30th. This is a positive change 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 0.85%. Osisko Gold Royalties's dividend payout ratio (DPR) is 105.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Wall Street Zen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Royal Bank of Canada reduced their price objective 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. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.