Jane Street Group LLC lifted its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 72.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 273,221 shares of the basic materials company's stock after acquiring an additional 115,081 shares during the quarter. Jane Street Group LLC owned approximately 0.15% of Osisko Gold Royalties worth $4,945,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership lifted its position in shares of Osisko Gold Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after acquiring an additional 3,194,173 shares during the period. FMR LLC increased its holdings in Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after purchasing an additional 1,128,969 shares in the last quarter. Norges Bank acquired a new position in Osisko Gold Royalties in the 4th quarter worth about $11,683,000. CIBC Asset Management Inc grew its position in shares of Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after buying an additional 551,936 shares during the last quarter. Finally, Horizon Kinetics Asset Management LLC grew its position in shares of Osisko Gold Royalties by 19.2% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company's stock valued at $30,045,000 after buying an additional 267,777 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors.
Osisko Gold Royalties Price Performance
Osisko Gold Royalties stock traded up $0.75 during midday trading on Tuesday, hitting $23.23. 803,133 shares of the company's stock were exchanged, compared to its average volume of 729,139. The stock has a 50-day moving average price of $21.53 and a two-hundred day moving average price of $19.96. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a market cap of $4.34 billion, a P/E ratio of 258.11 and a beta of 0.76.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $79.63 million. On average, equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.
Osisko Gold Royalties Increases Dividend
The company also recently disclosed 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 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 0.95%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is presently 105.88%.
Wall Street Analysts Forecast Growth
OR has been the subject of several recent analyst reports. Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their target price for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Royal Bank of Canada decreased their target price on 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. Finally, National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $23.00.
Check Out Our Latest Research Report on Osisko Gold Royalties
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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