Osisko Gold Royalties (NYSE:OR) Trading 3.7% Higher

Osisko Gold Royalties Ltd (NYSE:OR – Get Rating)’s share price traded up 3.7% on Friday . The company traded as high as $14.54 and last traded at $14.54. 367,375 shares traded hands during trading, a decline of 54% from the average session volume of 799,333 shares. The stock had previously closed at $14.02.

Analyst Ratings Changes

A number of analysts have weighed in on the company. National Bank Financial increased their price target on Osisko Gold Royalties from C$22.00 to C$23.00 in a report on Friday, January 13th. BMO Capital Markets raised their target price on Osisko Gold Royalties from C$18.00 to C$21.00 in a research note on Wednesday, February 15th. Scotiabank raised their target price on Osisko Gold Royalties from C$25.00 to C$26.00 in a research note on Wednesday, January 18th. Finally, Raymond James raised their target price on Osisko Gold Royalties from C$21.00 to C$21.50 in a research note on Thursday, December 29th.

Osisko Gold Royalties Stock Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.98 and a current ratio of 5.87. The company has a 50 day moving average price of $13.20 and a 200 day moving average price of $11.92. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -29.68 and a beta of 0.75.

Osisko Gold Royalties (NYSE:OR – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.03. Osisko Gold Royalties had a negative net margin of 49.75% and a positive return on equity of 2.83%. The business had revenue of $45.61 million for the quarter. Equities research analysts predict that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $0.041 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, March 30th. This represents a $0.16 annualized dividend and a yield of 1.11%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -32.00%.

Hedge Funds Weigh In On Osisko Gold Royalties

Large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC bought a new position in Osisko Gold Royalties in the 4th quarter valued at about $36,000. Deutsche Bank AG bought a new position in shares of Osisko Gold Royalties during the 4th quarter worth approximately $71,000. Advisor Group Holdings Inc. lifted its position in shares of Osisko Gold Royalties by 35.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 7,787 shares of the basic materials company’s stock worth $93,000 after buying an additional 2,033 shares in the last quarter. Great West Life Assurance Co. Can bought a new position in shares of Osisko Gold Royalties during the 3rd quarter worth approximately $83,000. Finally, Northern Trust Corp bought a new position in shares of Osisko Gold Royalties during the 2nd quarter worth approximately $101,000. Institutional investors own 55.37% of the company’s stock.

Osisko Gold Royalties Company Profile

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Osisko Gold Royalties Ltd. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.