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

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

Several equities research analysts have recently commented on OR shares. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their target price for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada reduced their target price 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.

Osisko Gold Royalties Stock Performance

OR traded up $0.34 during trading on Tuesday, reaching $25.57. 1,129,165 shares of the company's stock were exchanged, compared to its average volume of 748,801. Osisko Gold Royalties has a fifty-two week low of $15.12 and a fifty-two week high of $25.68. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average price of $22.89 and a 200 day moving average price of $20.39. The company has a market capitalization of $4.79 billion, a P/E ratio of 284.11 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate 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 company had revenue of $54.92 million for the quarter, compared to the consensus estimate of $79.63 million. As a group, analysts predict that Osisko Gold Royalties will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.055 per share. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. This represents a $0.22 annualized dividend and a yield of 0.86%. Osisko Gold Royalties's dividend payout ratio is 105.88%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in OR. Barclays PLC lifted its position in Osisko Gold Royalties by 16.8% during the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock worth $2,951,000 after buying an additional 22,898 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Osisko Gold Royalties by 58.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company's stock worth $314,000 after purchasing an additional 6,237 shares during the last quarter. PFG Investments LLC raised its holdings in Osisko Gold Royalties by 2.2% during the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after purchasing an additional 527 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Osisko Gold Royalties during the 4th quarter worth about $244,000. Finally, CIBC Asset Management Inc raised its holdings in Osisko Gold Royalties by 21.6% during 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 during the last quarter. Institutional investors and hedge funds 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.