MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys New Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,335,212 shares of the basic materials company's stock, valued at approximately $60,364,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 1.79% of Osisko Gold Royalties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter worth about $57,000. CIBC Asset Management Inc boosted its stake in 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 worth $56,215,000 after purchasing an additional 551,936 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Osisko Gold Royalties by 20.4% in 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 in the last quarter. Principal Financial Group Inc. boosted its stake in Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after purchasing an additional 82,150 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock worth $130,529,000 after purchasing an additional 128,099 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Osisko Gold Royalties Price Performance

Shares of OR stock traded up $0.19 on Friday, reaching $23.31. The company's stock had a trading volume of 1,328,013 shares, compared to its average volume of 739,851. The stock's fifty day simple moving average is $21.90 and its 200-day simple moving average is $20.03. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $24.70. 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 $4.36 billion, a price-to-earnings ratio of 259.03 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. Stockholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.94%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio (DPR) is 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.