Osisko Gold Royalties (NYSE:OR) Trading Up 3.2% – Here’s What Happened

Osisko Gold Royalties Ltd (NYSE:OR)’s share price rose 3.2% during mid-day trading on Thursday . The stock traded as high as $21.24 and last traded at $21.07. Approximately 680,802 shares changed hands during trading, a decline of 17% from the average daily volume of 815,401 shares. The stock had previously closed at $20.41.

Analysts Set New Price Targets

OR has been the topic of a number of analyst reports. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Scotiabank cut their target price on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Royal Bank of Canada decreased their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Finally, Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and a consensus price target of $22.33.

Osisko Gold Royalties Trading Up 7.1 %

The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 242.94 and a beta of 0.88. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The business has a 50 day simple moving average of $19.62 and a 200-day simple moving average of $19.34.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results 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. The firm had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The business also recently declared 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 of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.84%. Osisko Gold Royalties’s dividend payout ratio is presently 200.00%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OR. Y Intercept Hong Kong Ltd bought a new stake in Osisko Gold Royalties during the third quarter valued at $319,000. Public Employees Retirement System of Ohio acquired a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at about $852,000. Barclays PLC grew its position in shares of Osisko Gold Royalties by 16.8% during the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company’s stock valued at $2,951,000 after buying an additional 22,898 shares during the last quarter. Geode Capital Management LLC raised its stake in Osisko Gold Royalties by 8.4% during the third quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company’s stock worth $1,498,000 after acquiring an additional 6,251 shares during the period. Finally, Principal Financial Group Inc. lifted its holdings in Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after acquiring an additional 82,150 shares during the last quarter. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Company 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.