Osisko Gold Royalties (NYSE:OR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Osisko Gold Royalties (NYSE:OR) from a hold rating to a buy rating in a research note released on Saturday.

Several other research firms have also issued reports on OR. Royal Bank of Canada reduced their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Finally, Scotiabank upgraded Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Osisko Gold Royalties has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Osisko Gold Royalties Price Performance

OR opened at $26.34 on Friday. The stock’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $20.93. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties has a 1 year low of $15.12 and a 1 year high of $27.60. 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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $79.63 million. As a group, analysts predict that Osisko Gold Royalties will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.055 dividend. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 105.88%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in OR. Plato Investment Management Ltd purchased a new position in shares of Osisko Gold Royalties in the 1st quarter valued at approximately $56,000. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $57,000. Summit Securities Group LLC purchased a new position in shares of Osisko Gold Royalties in the 1st quarter valued at approximately $62,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $72,000. Finally, Northwest & Ethical Investments L.P. lifted its stake in shares of Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 626 shares during the period. Hedge funds and other 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.