Osisko Gold Royalties Ltd (NYSE:OR) Given Consensus Rating of "Moderate Buy" by Brokerages

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven analysts that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $23.00.

OR has been the topic of several recent analyst reports. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Scotiabank upgraded 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 research report on Monday, April 14th. Royal Bank of Canada cut their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Finally, Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th.

Osisko Gold Royalties Stock Up 2.1 %

Shares of OR stock traded up $0.51 during trading hours on Friday, hitting $24.14. 396,841 shares of the company were exchanged, compared to its average volume of 716,750. 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 stock has a market capitalization of $4.51 billion, a price-to-earnings ratio of 268.06 and a beta of 0.76. Osisko Gold Royalties has a one year low of $15.12 and a one year high of $24.18. The business's 50-day simple moving average is $20.99 and its two-hundred day simple moving average is $19.86.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Sell-side analysts predict that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.76%. Osisko Gold Royalties's payout ratio is currently 200.00%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several institutional investors have recently modified their holdings of OR. SeaBridge Investment Advisors LLC increased its stake in Osisko Gold Royalties by 14.8% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock valued at $327,000 after buying an additional 2,000 shares during the last quarter. Genus Capital Management Inc. lifted its stake in shares of Osisko Gold Royalties by 203.3% during the 1st quarter. Genus Capital Management Inc. now owns 105,800 shares of the basic materials company's stock worth $2,233,000 after buying an additional 208,230 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Osisko Gold Royalties by 32.3% in the first quarter. Bank of New York Mellon Corp now owns 19,138 shares of the basic materials company's stock valued at $404,000 after purchasing an additional 4,669 shares during the last quarter. U S Global Investors Inc. grew its holdings in Osisko Gold Royalties by 32.6% in the 1st quarter. U S Global Investors Inc. now owns 540,977 shares of the basic materials company's stock valued at $11,423,000 after buying an additional 132,964 shares in the last quarter. Finally, Bessemer Group Inc. increased its holdings in shares of Osisko Gold Royalties by 155.1% during the first quarter. Bessemer Group Inc. now owns 55,100 shares of the basic materials company's stock worth $1,164,000 after purchasing an additional 33,500 shares during the period. 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.