Louisbourg Investments Inc. Purchases 122,918 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. increased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 78.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 279,555 shares of the basic materials company’s stock after acquiring an additional 122,918 shares during the period. Osisko Gold Royalties comprises about 1.5% of Louisbourg Investments Inc.’s portfolio, making the stock its 22nd biggest position. Louisbourg Investments Inc. owned about 0.15% of Osisko Gold Royalties worth $5,906,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Osisko Gold Royalties during the 4th quarter worth $60,364,000. Arrowstreet Capital Limited Partnership grew its position in Osisko Gold Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock worth $74,160,000 after acquiring an additional 3,194,173 shares during the last quarter. Tidal Investments LLC bought a new stake in Osisko Gold Royalties during the 4th quarter worth $34,209,000. FMR LLC grew its position in Osisko Gold Royalties by 25.2% during the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after acquiring an additional 1,128,969 shares during the last quarter. Finally, Norges Bank bought a new stake in Osisko Gold Royalties during the 4th quarter worth $11,683,000. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Down 1.7%

Shares of Osisko Gold Royalties stock opened at $26.34 on Tuesday. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $27.60. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock’s 50-day moving average is $24.21 and its 200 day moving average is $20.93. The firm has a market cap of $4.95 billion, a price-to-earnings ratio of 292.67 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $79.63 million. Equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.055 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties’s dividend payout ratio is 105.88%.

Analysts Set New Price Targets

Several research analysts have commented on OR shares. National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Wall Street Zen raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank of Canada cut their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Finally, Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.00.

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.