Osisko Gold Royalties (NYSE:OR) Sets New 12-Month High - Here's What Happened

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $20.90 and last traded at $20.90, with a volume of 1786 shares traded. The stock had previously closed at $20.63.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on OR. Jefferies Financial Group raised their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, October 4th. TD Securities upgraded shares of Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th.

Osisko Gold Royalties Stock Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The business has a 50 day moving average price of $18.04 and a 200 day moving average price of $16.99. The stock has a market capitalization of $3.90 billion, a PE ratio of -99.52 and a beta of 1.04.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly 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. The company had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. As a group, equities research analysts expect that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current year.

Osisko Gold Royalties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties's payout ratio is -90.48%.

Institutional Trading of Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of OR. EverSource Wealth Advisors LLC raised its holdings in shares of Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 916 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Osisko Gold Royalties in the 2nd quarter worth approximately $71,000. Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at $211,000. Creekside Partners bought a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at $229,000. Finally, Corundum Trust Company INC purchased a new position in shares of Osisko Gold Royalties in the 2nd quarter worth $249,000. Institutional investors own 68.52% of the company's stock.

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.