Osisko Gold Royalties (NYSE:OR) Price Target Raised to $22.00 at Jefferies Financial Group

Osisko Gold Royalties (NYSE:OR) had its price target lifted by Jefferies Financial Group from $19.00 to $22.00 in a research report report published on Friday, Benzinga reports. The brokerage currently has a buy rating on the basic materials company’s stock.

Several other brokerages also recently weighed in on OR. Royal Bank of Canada cut their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an outperform rating on the stock in a report on Tuesday, September 10th. TD Securities upgraded shares of Osisko Gold Royalties to a strong-buy rating in a research note on Monday, July 22nd.

Osisko Gold Royalties Trading Up 0.2 %

Shares of Osisko Gold Royalties stock opened at $18.64 on Friday. The firm’s 50 day simple moving average is $17.52 and its two-hundred day simple moving average is $16.76. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of -88.76 and a beta of 1.04. Osisko Gold Royalties has a 12-month low of $11.51 and a 12-month high of $19.03. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07.

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

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several large investors have recently bought and sold shares of OR. EverSource Wealth Advisors LLC boosted its stake in shares of Osisko Gold Royalties by 125.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares during the last quarter. Moors & Cabot Inc. boosted its stake in Osisko Gold Royalties by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after purchasing an additional 1,000 shares during the last quarter. Addenda Capital Inc. grew its holdings in shares of Osisko Gold Royalties by 5.3% during the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock worth $600,000 after buying an additional 1,826 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Osisko Gold Royalties by 6.5% in the first quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock valued at $586,000 after buying an additional 2,182 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new position in shares of Osisko Gold Royalties in the second quarter worth about $71,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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.