Osisko Gold Royalties Ltd (NYSE:OR) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 12.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 239,800 shares of the basic materials company's stock after purchasing an additional 27,400 shares during the quarter. Renaissance Technologies LLC owned 0.13% of Osisko Gold Royalties worth $3,736,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Osisko Gold Royalties in the 4th quarter valued at about $18,728,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Osisko Gold Royalties by 4.7% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 165,251 shares of the basic materials company's stock worth $2,360,000 after acquiring an additional 7,402 shares during the last quarter. TD Asset Management Inc increased its position 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 purchasing an additional 404,297 shares in the last quarter. CIBC Asset Management Inc raised its stake in Osisko Gold Royalties by 7.3% in the 4th quarter. CIBC Asset Management Inc now owns 273,833 shares of the basic materials company's stock valued at $3,920,000 after purchasing an additional 18,668 shares during the last quarter. Finally, Armistice Capital LLC purchased a new position in Osisko Gold Royalties in the 4th quarter valued at $184,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Trading Up 0.2 %

Osisko Gold Royalties stock traded up $0.03 during mid-day trading on Monday, hitting $18.48. The company's stock had a trading volume of 295,905 shares, compared to its average volume of 763,930. The firm has a market capitalization of $3.44 billion, a PE ratio of -87.38 and a beta of 1.03. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $19.03. The stock's fifty day moving average is $17.41 and its two-hundred day moving average is $16.66.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share 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 during the quarter. On average, analysts anticipate that Osisko Gold Royalties Ltd will post 0.47 EPS for the current year.

Osisko Gold Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.047 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties's payout ratio is -90.48%.

Analyst Ratings Changes

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

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.