Osisko Gold Royalties (NYSE:OR) Stock Price Up 5.6% - Still a Buy?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s share price shot up 5.6% on Tuesday . The company traded as high as $18.96 and last traded at $18.95. 182,413 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 754,452 shares. The stock had previously closed at $17.95.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on OR shares. TD Cowen downgraded shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Scotiabank cut their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Royal Bank of Canada boosted their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.67.

Osisko Gold Royalties Price Performance

The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company has a fifty day moving average price of $18.84 and a two-hundred day moving average price of $18.90. The company has a market cap of $3.54 billion, a P/E ratio of 210.56 and a beta of 0.96.

Remove Ads

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. On average, sell-side analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

Hedge Funds Weigh In On Osisko Gold Royalties

Several hedge funds and other institutional investors have recently made changes to their positions in OR. SBI Securities Co. Ltd. bought a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth $72,000. Northwest & Ethical Investments L.P. boosted its stake 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 valued at $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas bought a new position in Osisko Gold Royalties in the fourth quarter valued at about $131,000. Finally, Icon Wealth Advisors LLC acquired a new position in Osisko Gold Royalties during the third quarter worth about $187,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.