Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) shares reached a new 52-week high on Tuesday . The company traded as high as $25.65 and last traded at $24.97, with a volume of 1051195 shares traded. The stock had previously closed at $24.86.
Analyst Ratings Changes
OR has been the subject of a number of recent analyst reports. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Finally, Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties has an average rating of "Moderate Buy" and an average price target of $23.00.
View Our Latest Stock Report on Osisko Gold Royalties
Osisko Gold Royalties Stock Up 1.3%
The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.79 billion, a P/E ratio of 284.11 and a beta of 0.76. The stock's 50-day simple moving average is $22.89 and its 200-day simple moving average is $20.37.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $79.63 million. As a group, research analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.
Osisko Gold Royalties Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.055 dividend. The ex-dividend date is Monday, June 30th. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.86%. Osisko Gold Royalties's dividend payout ratio (DPR) is 105.88%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth about $60,364,000. Arrowstreet Capital Limited Partnership grew its position in Osisko Gold Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after acquiring an additional 3,194,173 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its position in shares of Osisko Gold Royalties by 116.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 4,790,732 shares of the basic materials company's stock valued at $101,181,000 after purchasing an additional 2,574,458 shares during the last quarter. Elliott Investment Management L.P. bought a new position in shares of Osisko Gold Royalties during the 1st quarter valued at about $46,045,000. Finally, Tidal Investments LLC purchased a new position in shares of Osisko Gold Royalties during the 4th quarter valued at about $34,209,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.
About Osisko Gold Royalties
(
Get 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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