SG Americas Securities LLC Boosts Position in Osisko Gold Royalties Ltd (NYSE:OR)

SG Americas Securities LLC lifted its position in Osisko Gold Royalties Ltd (NYSE:ORGet Rating) by 246.0% during the first quarter, HoldingsChannel reports. The institutional investor owned 36,347 shares of the basic materials company’s stock after purchasing an additional 25,843 shares during the period. SG Americas Securities LLC’s holdings in Osisko Gold Royalties were worth $479,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of OR. UMB Bank N A MO grew its position in Osisko Gold Royalties by 141.2% during the first quarter. UMB Bank N A MO now owns 4,100 shares of the basic materials company’s stock worth $54,000 after buying an additional 2,400 shares in the last quarter. Terril Brothers Inc. bought a new stake in shares of Osisko Gold Royalties during the 4th quarter valued at about $123,000. Qube Research & Technologies Ltd purchased a new position in shares of Osisko Gold Royalties during the fourth quarter worth about $128,000. Shell Asset Management Co. increased its position in shares of Osisko Gold Royalties by 34.4% in the fourth quarter. Shell Asset Management Co. now owns 15,719 shares of the basic materials company’s stock worth $193,000 after purchasing an additional 4,024 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in Osisko Gold Royalties by 27.4% in the fourth quarter. Gamco Investors INC. ET AL now owns 16,750 shares of the basic materials company’s stock valued at $205,000 after purchasing an additional 3,600 shares in the last quarter. 66.21% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on OR. National Bank Financial cut their price target on shares of Osisko Gold Royalties from C$22.00 to C$20.00 in a research note on Thursday, July 21st. Scotiabank increased their target price on Osisko Gold Royalties from C$22.50 to C$24.00 in a research note on Tuesday, April 19th. Stifel Nicolaus lowered their price target on Osisko Gold Royalties from C$22.00 to C$19.50 in a research report on Wednesday, July 20th. TheStreet cut Osisko Gold Royalties from a “c-” rating to a “d+” rating in a report on Tuesday, May 31st. Finally, Raymond James decreased their price objective on Osisko Gold Royalties from C$23.00 to C$22.75 in a report on Friday, May 13th.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR opened at $10.33 on Friday. The company has a quick ratio of 1.20, a current ratio of 1.25 and a debt-to-equity ratio of 0.06. The stock has a market cap of $1.91 billion, a PE ratio of -64.56 and a beta of 0.74. The company’s fifty day moving average is $10.58 and its 200 day moving average is $11.86. Osisko Gold Royalties Ltd has a 52 week low of $9.25 and a 52 week high of $14.56.

Osisko Gold Royalties (NYSE:ORGet Rating) last released its quarterly earnings data on Thursday, May 12th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.08). The company had revenue of $46.89 million during the quarter. Osisko Gold Royalties had a positive return on equity of 2.33% and a negative net margin of 15.65%. Research analysts anticipate that Osisko Gold Royalties Ltd will post 0.35 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were paid a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date of this dividend was Wednesday, June 29th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -106.25%.

About Osisko Gold Royalties

(Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

Further Reading

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Institutional Ownership by Quarter for Osisko Gold Royalties (NYSE:OR)

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