Osisko Gold Royalties (NYSE:OR) Trading Down 5.2% - What's Next?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s stock price was down 5.2% on Monday . The company traded as low as $22.86 and last traded at $23.08. Approximately 131,525 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 845,064 shares. The stock had previously closed at $24.36.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on OR shares. Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Royal Bank of Canada decreased their price target on 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. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

Osisko Gold Royalties Trading Up 1.1%

The firm has a market capitalization of $4.28 billion, a P/E ratio of 254.69 and a beta of 0.76. 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 $21.71 and a 200-day moving average price of $20.01.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly 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. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.055 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.22 dividend on an annualized basis and a yield of 0.96%. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's payout ratio is currently 105.88%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Osisko Gold Royalties in the fourth quarter valued at about $60,364,000. Arrowstreet Capital Limited Partnership increased its holdings 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 valued at $74,160,000 after purchasing an additional 3,194,173 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its holdings in Osisko Gold Royalties by 116.2% in the first 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. Tidal Investments LLC bought a new stake in Osisko Gold Royalties in the fourth quarter valued at about $34,209,000. Finally, Mackenzie Financial Corp increased its holdings in Osisko Gold Royalties by 52.2% in the first quarter. Mackenzie Financial Corp now owns 5,040,962 shares of the basic materials company's stock valued at $106,382,000 after purchasing an additional 1,728,760 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

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.