Osisko Gold Royalties (NYSE:OR) Given New $19.00 Price Target at Jefferies Financial Group

Osisko Gold Royalties (NYSE:OR) had its price objective boosted by Jefferies Financial Group from $15.00 to $19.00 in a research note issued to investors on Monday, BayStreet.CA reports. They currently have a hold rating on the basic materials company’s stock.

Osisko Gold Royalties Price Performance

NYSE:OR opened at $15.44 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.11 and a current ratio of 4.11. The stock’s 50-day simple moving average is $15.50 and its 200 day simple moving average is $14.28. The company has a market cap of $2.87 billion, a P/E ratio of -81.26 and a beta of 0.99. Osisko Gold Royalties has a 52-week low of $11.24 and a 52-week high of $17.96.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. As a group, sell-side analysts forecast that Osisko Gold Royalties will post 0.42 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0444 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.15%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is currently -94.74%.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp increased its position in Osisko Gold Royalties by 1.0% during the fourth quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company’s stock worth $289,402,000 after buying an additional 202,007 shares during the last quarter. Vanguard Group Inc. increased its position in Osisko Gold Royalties by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after buying an additional 41,380 shares during the last quarter. Sprott Inc. increased its position in Osisko Gold Royalties by 10.4% during the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after buying an additional 361,372 shares during the last quarter. Invesco Ltd. increased its position in Osisko Gold Royalties by 0.3% during the third quarter. Invesco Ltd. now owns 2,419,550 shares of the basic materials company’s stock worth $28,430,000 after buying an additional 6,979 shares during the last quarter. Finally, TD Asset Management Inc increased its position in 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 buying an additional 404,297 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.