Osisko Gold Royalties (NYSE:OR) Trading Down 4.4%

Osisko Gold Royalties Ltd (NYSE:OR)’s stock price dropped 4.4% during mid-day trading on Monday . The stock traded as low as $15.39 and last traded at $15.40. Approximately 438,193 shares were traded during trading, a decline of 50% from the average daily volume of 885,164 shares. The stock had previously closed at $16.11.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a research report on Monday.

Osisko Gold Royalties Stock Performance

The company has a 50-day simple moving average of $15.49 and a two-hundred day simple moving average of $14.26. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.87 billion, a PE ratio of -81.26 and a beta of 0.99.

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

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.0444 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 1.15%. Osisko Gold Royalties’s payout ratio is presently -94.74%.

Institutional Trading of Osisko Gold Royalties

Several hedge funds have recently made changes to their positions in OR. Addenda Capital Inc. raised its stake in shares of Osisko Gold Royalties by 5.3% during the 1st quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock valued at $600,000 after purchasing an additional 1,826 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Osisko Gold Royalties during the 1st quarter valued at $389,000. Vanguard Group Inc. raised its stake in shares of Osisko Gold Royalties by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock valued at $96,193,000 after purchasing an additional 41,380 shares during the period. Creekmur Asset Management LLC bought a new stake in shares of Osisko Gold Royalties during the 4th quarter valued at $136,000. Finally, Sprott Inc. raised its stake in shares of Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock valued at $54,558,000 after purchasing an additional 361,372 shares during the period. 68.52% of the stock is currently owned by institutional investors.

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.