Osisko Gold Royalties (NYSE:OR) Shares Down 4.4%

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s stock price fell 4.4% during mid-day trading on Monday . The company traded as low as $15.39 and last traded at $15.40. 438,193 shares traded hands during trading, a decline of 50% from the average session volume of 885,164 shares. The stock had previously closed at $16.11.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their target price on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a "hold" rating in a research note on Monday.

Osisko Gold Royalties Stock Down 4.2 %

The company has a market cap of $2.87 billion, a price-to-earnings ratio of -81.26 and a beta of 0.99. The business's 50 day simple moving average is $15.50 and its 200-day simple moving average is $14.28. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.11 and a current ratio of 4.11.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. Sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.0444 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.04. Osisko Gold Royalties's dividend payout ratio (DPR) is currently -94.74%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Heartland Advisors Inc. raised its stake in shares of Osisko Gold Royalties by 19.6% during the third quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company's stock worth $5,619,000 after buying an additional 78,200 shares during the last quarter. Sprott Inc. raised its stake in shares of Osisko Gold Royalties by 2.7% during the third quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company's stock worth $40,440,000 after buying an additional 90,292 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company's stock worth $235,755,000 after buying an additional 810,979 shares during the last quarter. Versor Investments LP bought a new stake in Osisko Gold Royalties in the third quarter valued at approximately $495,000. Finally, Qube Research & Technologies Ltd increased its stake in Osisko Gold Royalties by 58.7% in the third quarter. Qube Research & Technologies Ltd now owns 300,572 shares of the basic materials company's stock valued at $3,532,000 after purchasing an additional 111,162 shares in the last quarter. Institutional investors own 68.52% of the company's stock.

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.