Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s share price reached a new 52-week high on Wednesday . The company traded as high as $23.55 and last traded at $23.27, with a volume of 735674 shares traded. The stock had previously closed at $22.76.
Analyst Ratings Changes
OR has been the subject of several recent analyst reports. Royal Bank of Canada dropped their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Finally, Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $23.00.
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Osisko Gold Royalties Stock Performance
The firm has a 50 day moving average of $20.09 and a 200-day moving average of $19.55. The company has a market cap of $4.41 billion, a P/E ratio of 262.59 and a beta of 0.88. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. As a group, sell-side analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.
Osisko Gold Royalties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.77%. Osisko Gold Royalties's dividend payout ratio is presently 200.00%.
Institutional Trading of Osisko Gold Royalties
A number of hedge funds have recently bought and sold shares of OR. SBI Securities Co. Ltd. bought a new position in shares of Osisko Gold Royalties in the 4th quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Osisko Gold Royalties in the fourth quarter valued at about $72,000. Northwest & Ethical Investments L.P. raised its holdings in Osisko Gold Royalties by 11.0% in 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. Employees Retirement System of Texas purchased a new stake in shares of Osisko Gold Royalties during the fourth quarter valued at about $1,306,000. Finally, Franklin Resources Inc. boosted its holdings in shares of Osisko Gold Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after buying an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.
Osisko Gold Royalties Company Profile
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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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