Osisko Gold Royalties (NYSE:OR) Raised to "Buy" at Wall Street Zen

Wall Street Zen upgraded shares of Osisko Gold Royalties (NYSE:OR - Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning.

A number of other analysts have also commented on the company. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and lifted their price target for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada cut their price target on 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock traded down $0.46 during midday trading on Friday, reaching $26.34. The company's stock had a trading volume of 1,032,352 shares, compared to its average volume of 749,710. Osisko Gold Royalties has a 52 week low of $15.12 and a 52 week high of $27.60. 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 business has a 50-day moving average price of $24.06 and a 200-day moving average price of $20.89. The stock has a market cap of $4.93 billion, a PE ratio of 292.67 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $79.63 million. On average, sell-side analysts predict that Osisko Gold Royalties will post 0.62 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.84%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio (DPR) is 105.88%.

Hedge Funds Weigh In On Osisko Gold Royalties

Hedge funds have recently made changes to their positions in the stock. Anson Funds Management LP bought a new stake in Osisko Gold Royalties in the first quarter worth approximately $1,657,000. Plato Investment Management Ltd bought a new stake in Osisko Gold Royalties in the first quarter worth approximately $56,000. Goldman Sachs Group Inc. increased its holdings in Osisko Gold Royalties by 152.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company's stock worth $26,539,000 after purchasing an additional 758,815 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Osisko Gold Royalties by 13.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company's stock worth $79,566,000 after purchasing an additional 435,467 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its holdings in Osisko Gold Royalties by 16.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 104,001 shares of the basic materials company's stock worth $2,199,000 after purchasing an additional 14,981 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

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.