Raymond James Financial Inc. Purchases New Shares in Osisko Gold Royalties Ltd (NYSE:OR)

Raymond James Financial Inc. acquired a new stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 142,933 shares of the basic materials company's stock, valued at approximately $2,587,000. Raymond James Financial Inc. owned approximately 0.08% of Osisko Gold Royalties at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership boosted 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 worth $74,160,000 after purchasing an additional 3,194,173 shares during the last quarter. FMR LLC grew its holdings in shares of Osisko Gold Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after acquiring an additional 1,128,969 shares during the period. Norges Bank purchased a new stake in Osisko Gold Royalties during the fourth quarter valued at $11,683,000. CIBC Asset Management Inc lifted its holdings in Osisko Gold Royalties by 21.6% in 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 during the period. Finally, Horizon Kinetics Asset Management LLC boosted its position in Osisko Gold Royalties by 19.2% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company's stock worth $30,045,000 after purchasing an additional 267,777 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. 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. Royal Bank of Canada reduced their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note on Friday, April 4th. Finally, Raymond James reiterated 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 assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.00.

Osisko Gold Royalties Price Performance

Shares of NYSE OR traded up $0.28 during midday trading on Monday, reaching $23.39. The stock had a trading volume of 77,931 shares, compared to its average volume of 845,127. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a 12-month low of $15.12 and a 12-month high of $24.18. The stock has a 50-day moving average of $20.89 and a 200-day moving average of $19.84. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 259.89 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. As a group, research 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.0457 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.

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.