Osisko Gold Royalties (NYSE:OR) Hits New 12-Month High – Here’s Why

Osisko Gold Royalties Ltd (NYSE:OR) reached a new 52-week high on Monday . The stock traded as high as $20.90 and last traded at $20.90, with a volume of 1786 shares. The stock had previously closed at $20.63.

Wall Street Analyst Weigh In

OR has been the topic of several recent analyst reports. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada decreased their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th.

Osisko Gold Royalties Trading Up 0.9 %

The business’s fifty day moving average is $18.20 and its two-hundred day moving average is $17.06. The firm has a market cap of $3.93 billion, a price-to-earnings ratio of -58.61 and a beta of 1.04. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The company had revenue of $47.39 million for the quarter. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -52.78%.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. EdgePoint Investment Group Inc. lifted its holdings in Osisko Gold Royalties by 2.1% during the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock worth $406,002,000 after acquiring an additional 501,485 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Osisko Gold Royalties by 3.7% in the 1st quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after purchasing an additional 745,973 shares during the period. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after purchasing an additional 60,083 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Osisko Gold Royalties during the 1st quarter worth approximately $109,825,000. Finally, Millennium Management LLC raised its holdings in Osisko Gold Royalties by 20.5% during the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after buying an additional 1,122,653 shares during the period. Institutional investors own 68.52% of the company’s stock.

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.