Dynamic Technology Lab Private Ltd purchased a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,899 shares of the basic materials company's stock, valued at approximately $632,000.
Other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC grew its position in Osisko Gold Royalties by 2.2% in the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after purchasing an additional 527 shares during the last quarter. Addenda Capital Inc. grew its position in Osisko Gold Royalties by 1.4% in the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock valued at $694,000 after buying an additional 532 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after buying an additional 534 shares in the last quarter. Pictet Asset Management Holding SA boosted its holdings in shares of Osisko Gold Royalties by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock valued at $521,000 after acquiring an additional 564 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its holdings in Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after purchasing an additional 626 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.
Osisko Gold Royalties Stock Performance
NYSE:OR traded up $0.54 during midday trading on Friday, reaching $22.35. The stock had a trading volume of 1,237,484 shares, compared to its average volume of 699,969. The stock has a market capitalization of $4.17 billion, a P/E ratio of 248.32 and a beta of 0.88. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $22.54. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm's fifty day simple moving average is $19.74 and its 200-day simple moving average is $19.39.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.
Osisko Gold Royalties Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.0457 per share. The ex-dividend date is Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.82%. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on OR shares. Scotiabank lowered their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Finally, Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Osisko Gold Royalties currently has an average rating of "Moderate Buy" and an average price target of $22.33.
Get Our Latest Research Report on Osisko Gold Royalties
Osisko Gold Royalties Profile
(
Free Report)
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.
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