Osisko Gold Royalties (NYSE:OR) Hits New 1-Year High – What’s Next?

Shares of Osisko Gold Royalties Ltd (NYSE:OR) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $23.55 and last traded at $23.27, with a volume of 735674 shares changing hands. The stock had previously closed at $22.76.

Analyst Upgrades and Downgrades

OR has been the subject of a number of research reports. Scotiabank raised shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a report on Monday. Royal Bank of Canada decreased their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Finally, Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Trading Down 1.6 %

The firm’s fifty day moving average price is $20.02 and its 200-day moving average price is $19.51. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 259.40 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. On average, equities analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is 200.00%.

Institutional Trading of Osisko Gold Royalties

Several large investors have recently added to or reduced their stakes in OR. SBI Securities Co. Ltd. bought a new position in shares of Osisko Gold Royalties in the fourth quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Osisko Gold Royalties in the fourth quarter worth about $72,000. Northwest & Ethical Investments L.P. grew its position in Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas acquired a new position in Osisko Gold Royalties during the 4th quarter valued at about $131,000. Finally, Franklin Resources Inc. raised its position in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after buying an additional 534 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.