Osisko Gold Royalties (NYSE:OR) Reaches New 12-Month High at $18.87

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $18.87 and last traded at $18.94, with a volume of 42501 shares trading hands. The stock had previously closed at $18.65.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. TD Securities raised Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Jefferies Financial Group raised shares of Osisko Gold Royalties from a "hold" rating to a "buy" rating and set a $19.00 price objective on the stock in a research report on Friday, July 12th. Finally, Royal Bank of Canada reduced their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th.

Osisko Gold Royalties Price Performance

The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -90.43 and a beta of 1.03. The company's 50 day moving average is $17.38 and its 200 day moving average is $16.62. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter. On average, equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.047 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.19 annualized dividend and a yield of 0.99%. Osisko Gold Royalties's dividend payout ratio is presently -90.48%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds have recently bought and sold shares of OR. TD Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 38.6% during the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company's stock worth $20,831,000 after buying an additional 404,297 shares in the last quarter. National Bank of Canada FI raised its position in Osisko Gold Royalties by 3.2% in the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company's stock valued at $24,046,000 after purchasing an additional 45,866 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in shares of Osisko Gold Royalties during the first quarter valued at about $109,825,000. Sprott Inc. grew its holdings in Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company's stock worth $54,558,000 after acquiring an additional 361,372 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth $136,000. 68.52% of the stock is owned by institutional investors.

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.