Osisko Gold Royalties (NYSE:OR) Hits New 12-Month High - Time to Buy?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $25.65 and last traded at $24.97, with a volume of 1051195 shares. The stock had previously closed at $24.86.

Analysts Set New Price Targets

A number of equities research analysts have commented on OR shares. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Royal Bank of Canada reduced 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 research report on Friday, April 4th. Scotiabank upgraded shares of 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 research note on Monday, April 14th. Finally, National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $23.00.

Osisko Gold Royalties Stock Up 0.4%

The firm has a 50-day moving average price of $22.71 and a two-hundred day moving average price of $20.28. 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 company has a market capitalization of $4.72 billion, a P/E ratio of 280.33 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $79.63 million. Equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS 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 issued a $0.055 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.87%. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio (DPR) is currently 105.88%.

Institutional Trading of Osisko Gold Royalties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Plato Investment Management Ltd acquired a new stake in shares of Osisko Gold Royalties during the first quarter worth about $56,000. SBI Securities Co. Ltd. bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $57,000. Summit Securities Group LLC bought a new stake in Osisko Gold Royalties in the 1st quarter valued at $62,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Osisko Gold Royalties in the 4th quarter valued at $72,000. Finally, Northwest & Ethical Investments L.P. raised its stake in Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 626 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.