Osisko Gold Royalties Ltd (NYSE:OR) Receives Consensus Rating of "Moderate Buy" from Analysts

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

A number of analysts have weighed in on OR shares. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Royal Bank of Canada decreased their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cetera Investment Advisers bought a new position in shares of Osisko Gold Royalties during the first quarter valued at $268,000. SeaBridge Investment Advisors LLC grew its holdings in shares of Osisko Gold Royalties by 14.8% in the first quarter. SeaBridge Investment Advisors LLC now owns 15,500 shares of the basic materials company's stock worth $327,000 after purchasing an additional 2,000 shares during the last quarter. Genus Capital Management Inc. grew its stake in Osisko Gold Royalties by 203.3% in the 1st quarter. Genus Capital Management Inc. now owns 105,800 shares of the basic materials company's stock worth $2,233,000 after acquiring an additional 208,230 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings 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 period. Finally, U S Global Investors Inc. grew its stake in Osisko Gold Royalties by 32.6% in the first quarter. U S Global Investors Inc. now owns 540,977 shares of the basic materials company's stock worth $11,423,000 after purchasing an additional 132,964 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Performance

NYSE OR traded down $0.22 on Friday, reaching $23.99. The stock had a trading volume of 270,880 shares, compared to its average volume of 716,997. Osisko Gold Royalties has a 1-year low of $15.12 and a 1-year high of $24.23. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The company has a market cap of $4.49 billion, a P/E ratio of 266.50 and a beta of 0.76. The firm has a fifty day moving average of $21.12 and a two-hundred day moving average of $19.89.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. On average, equities research analysts anticipate that Osisko Gold Royalties will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date was Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

Osisko Gold Royalties Company 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.