HTLF Bank Takes $162,000 Position in Osisko Gold Royalties Ltd (NYSE:OR)

HTLF Bank acquired a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) during the fourth quarter, HoldingsChannel reports. The fund acquired 11,343 shares of the basic materials company’s stock, valued at approximately $162,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OR. CIBC Asset Management Inc boosted its stake in Osisko Gold Royalties by 0.4% in the second quarter. CIBC Asset Management Inc now owns 246,632 shares of the basic materials company’s stock valued at $3,793,000 after acquiring an additional 877 shares in the last quarter. Raymond James & Associates boosted its stake in Osisko Gold Royalties by 6.5% in the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 917 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Osisko Gold Royalties by 8.9% in the third quarter. Commonwealth Equity Services LLC now owns 12,555 shares of the basic materials company’s stock valued at $127,000 after acquiring an additional 1,021 shares in the last quarter. SG Americas Securities LLC boosted its stake in Osisko Gold Royalties by 2.5% in the third quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock valued at $544,000 after acquiring an additional 1,108 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Osisko Gold Royalties by 10.8% in the third quarter. Tower Research Capital LLC TRC now owns 12,437 shares of the basic materials company’s stock valued at $146,000 after acquiring an additional 1,212 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Stock Down 0.3 %

NYSE:OR opened at $16.11 on Friday. Osisko Gold Royalties Ltd has a 12 month low of $11.24 and a 12 month high of $17.96. The firm has a fifty day simple moving average of $15.49 and a 200-day simple moving average of $14.24. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. The business had revenue of $47.87 million during the quarter. As a group, research analysts expect that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.0444 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 27th. Osisko Gold Royalties’s payout ratio is presently -94.74%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group initiated coverage on shares of Osisko Gold Royalties in a research note on Thursday, February 29th. They issued a “hold” rating and a $15.00 target price for the company.

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.