Osisko Gold Royalties (NYSE:OR) Shares Gap Up - What's Next?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $23.33, but opened at $24.18. Osisko Gold Royalties shares last traded at $23.63, with a volume of 69,524 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Royal Bank of Canada cut 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 report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Osisko Gold Royalties Stock Performance

The company has a market capitalization of $4.37 billion, a P/E ratio of 259.67 and a beta of 0.88. The company's 50 day moving average is $20.42 and its 200-day moving average is $19.70. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

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

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.0457 dividend. This represents a $0.18 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is 200.00%.

Hedge Funds Weigh In On Osisko Gold Royalties

Large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. bought a new stake in Osisko Gold Royalties during the 4th quarter valued at about $57,000. CIBC Asset Management Inc increased its position in shares of Osisko Gold Royalties by 21.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after acquiring an additional 551,936 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after acquiring an additional 82,150 shares during the last quarter. Vanguard Group Inc. lifted its position in Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock valued at $130,529,000 after acquiring an additional 128,099 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Osisko Gold Royalties by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company's stock valued at $1,498,000 after purchasing an additional 6,251 shares during the last quarter. Hedge funds and other institutional investors 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.