UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Increases Stake in Osisko Gold Royalties Ltd (NYSE:OR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 37.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 578,405 shares of the basic materials company's stock after purchasing an additional 157,943 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.31% of Osisko Gold Royalties worth $10,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OR. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties during the fourth quarter worth about $57,000. CIBC Asset Management Inc grew its position in Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after purchasing an additional 551,936 shares during the last quarter. JPMorgan Chase & Co. grew its position in Osisko Gold Royalties by 20.4% during the 4th quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock worth $369,000 after purchasing an additional 3,455 shares during the last quarter. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 1.8% during the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock valued at $130,529,000 after purchasing an additional 128,099 shares in the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Osisko Gold Royalties by 629.2% in the fourth quarter. Deutsche Bank AG now owns 79,581 shares of the basic materials company's stock worth $1,440,000 after buying an additional 68,668 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

Osisko Gold Royalties Stock Up 0.4%

NYSE OR traded up $0.10 during trading hours on Wednesday, hitting $26.91. 550,234 shares of the company were exchanged, compared to its average volume of 749,478. 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 $5.04 billion, a price-to-earnings ratio of 299.00 and a beta of 0.76. The company has a 50 day moving average of $23.25 and a two-hundred day moving average of $20.55. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $27.14.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results 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. 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 the consensus estimate of $79.63 million. Equities research 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. Stockholders 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 dividend yield of 0.82%. The ex-dividend date of this dividend is Monday, June 30th. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio (DPR) is currently 105.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and lifted their target price for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Finally, Raymond James reaffirmed 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 given a buy rating to the company's stock. Based on data from MarketBeat, Osisko Gold Royalties has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Osisko Gold Royalties Company 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.