Vanguard Group Inc. boosted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,694,817 shares of the basic materials company's stock after acquiring an additional 122,926 shares during the period. Vanguard Group Inc. owned about 3.62% of Osisko Gold Royalties worth $78,664,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its holdings in shares of Osisko Gold Royalties by 4.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company's stock valued at $235,755,000 after buying an additional 810,979 shares in the last quarter. Sprott Inc. boosted its holdings in shares of Osisko Gold Royalties by 2.7% in the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company's stock valued at $40,440,000 after buying an additional 90,292 shares in the last quarter. Invesco Ltd. boosted its holdings in shares of Osisko Gold Royalties by 1.2% in the 1st quarter. Invesco Ltd. now owns 2,446,061 shares of the basic materials company's stock valued at $32,263,000 after buying an additional 29,825 shares in the last quarter. Norges Bank acquired a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $21,208,000. Finally, Amundi raised its position in Osisko Gold Royalties by 2.5% in the 4th quarter. Amundi now owns 1,669,967 shares of the basic materials company's stock valued at $21,092,000 after purchasing an additional 40,550 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.
Osisko Gold Royalties Stock Performance
OR stock traded up $0.17 on Friday, hitting $16.36. The company's stock had a trading volume of 1,560,813 shares, compared to its average volume of 835,263. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of -86.11 and a beta of 0.99. The company has a current ratio of 4.11, a quick ratio of 4.47 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $17.96. The firm has a 50 day moving average of $15.21 and a two-hundred day moving average of $13.95.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. Equities analysts predict that Osisko Gold Royalties Ltd will post 0.42 EPS for the current fiscal year.
Osisko Gold Royalties Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.0444 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.09%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.04. Osisko Gold Royalties's dividend payout ratio is presently -94.74%.
Wall Street Analysts Forecast Growth
Separately, Jefferies Financial Group initiated coverage on shares of Osisko Gold Royalties in a research report on Thursday, February 29th. They issued a "hold" rating and a $15.00 price target for the company.
Read Our Latest Report on Osisko Gold Royalties
Osisko Gold Royalties Profile
(
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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