Osisko Gold Royalties Ltd (NYSE:OR) Given Consensus Rating of “Moderate Buy” by Brokerages

Osisko Gold Royalties Ltd (NYSE:OR) has received an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $23.00.

Several analysts have recently commented on the stock. 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 on the stock in a research note on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Finally, Scotiabank upgraded Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $22.00 to $24.00 in a report on Monday, April 14th.

Osisko Gold Royalties Price Performance

Shares of OR stock opened at $24.16 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock’s fifty day simple moving average is $21.12 and its 200 day simple moving average is $19.89. Osisko Gold Royalties has a one year low of $15.12 and a one year high of $24.23. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 268.39 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. On average, analysts expect that Osisko Gold Royalties will post 0.62 earnings per share 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. Stockholders of record on Monday, March 31st were given a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is presently 200.00%.

Institutional Trading of Osisko Gold Royalties

A number of large investors have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $60,364,000. Arrowstreet Capital Limited Partnership raised its stake in Osisko Gold Royalties by 352.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after acquiring an additional 3,194,173 shares during the period. Tidal Investments LLC acquired a new stake in Osisko Gold Royalties during the 4th quarter valued at $34,209,000. FMR LLC boosted its position in Osisko Gold Royalties by 25.2% during the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after purchasing an additional 1,128,969 shares during the period. Finally, Norges Bank acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at $11,683,000. Institutional investors and hedge funds 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.