Raymond James Financial Inc. Buys New Position in Osisko Gold Royalties Ltd (NYSE:OR)

Raymond James Financial Inc. acquired a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 142,933 shares of the basic materials company's stock, valued at approximately $2,587,000. Raymond James Financial Inc. owned 0.08% of Osisko Gold Royalties as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in Osisko Gold Royalties during the fourth quarter valued at approximately $57,000. Icon Wealth Advisors LLC bought a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at $187,000. SeaBridge Investment Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the 4th quarter worth $244,000. Bank of New York Mellon Corp lifted its position in shares of Osisko Gold Royalties by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock worth $262,000 after buying an additional 1,373 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Osisko Gold Royalties by 58.2% in the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company's stock valued at $314,000 after buying an additional 6,237 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on OR. Royal Bank of Canada increased their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Scotiabank cut their target price on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.67.

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Osisko Gold Royalties Trading Up 0.4 %

Osisko Gold Royalties stock traded up $0.09 during trading hours on Wednesday, hitting $21.04. The stock had a trading volume of 1,310,480 shares, compared to its average volume of 692,104. The business's 50 day simple moving average is $19.43 and its 200-day simple moving average is $19.26. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $21.34. The stock has a market cap of $3.93 billion, a price-to-earnings ratio of 233.78 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 issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. On average, equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0457 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.87%. Osisko Gold Royalties's payout ratio is 200.00%.

Osisko Gold Royalties 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.