Osisko Gold Royalties (NYSE:OR) Hits New 52-Week High - Time to Buy?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $21.28 and last traded at $21.27, with a volume of 82458 shares. The stock had previously closed at $20.78.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on OR shares. TD Securities upgraded Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Jefferies Financial Group upped their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada dropped their target price on 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 business has a 50-day simple moving average of $18.49 and a 200 day simple moving average of $17.18. The firm has a market cap of $3.91 billion, a P/E ratio of -57.72 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92.

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 the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The firm had revenue of $47.39 million during the quarter. On average, analysts anticipate that Osisko Gold Royalties Ltd will post 0.49 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.047 dividend. This represents a $0.19 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties's dividend payout ratio is currently -52.78%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. US Bancorp DE increased its position in Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after buying an additional 2,584 shares in the last quarter. International Assets Investment Management LLC bought a new position in Osisko Gold Royalties during the 3rd quarter valued at approximately $286,000. U S Global Investors Inc. increased its position in Osisko Gold Royalties by 0.8% during the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company's stock valued at $8,104,000 after buying an additional 3,364 shares in the last quarter. Point72 DIFC Ltd bought a new position in Osisko Gold Royalties during the 2nd quarter valued at approximately $71,000. Finally, Cubist Systematic Strategies LLC bought a new position in Osisko Gold Royalties during the 2nd quarter valued at approximately $288,000. 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.