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

Osisko Gold Royalties Ltd (NYSE:OR) shares hit a new 52-week high on Tuesday . The stock traded as high as $19.74 and last traded at $19.64, with a volume of 60410 shares. The stock had previously closed at $19.35.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Royal Bank of Canada dropped their price objective 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. Jefferies Financial Group raised their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

Osisko Gold Royalties Trading Up 1.1 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The stock has a market cap of $3.73 billion, a P/E ratio of -94.38 and a beta of 1.04. The stock has a 50-day moving average price of $17.88 and a 200-day moving average price of $16.93.

Osisko Gold Royalties (NYSE:OR) last announced 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. The business had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. On average, equities research analysts expect that Osisko Gold Royalties Ltd will post 0.48 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend was Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors have recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its holdings 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 buying an additional 916 shares during the period. Point72 DIFC Ltd purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at about $71,000. Squarepoint Ops LLC purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $211,000. Creekside Partners purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $229,000. Finally, Corundum Trust Company INC bought a new stake in Osisko Gold Royalties in the second quarter valued at approximately $249,000. Hedge funds and other 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.