Jefferies Financial Group upgraded shares of Osisko Gold Royalties (NYSE:OR – Free Report) from a hold rating to a buy rating in a research report report published on Friday morning, MarketBeat Ratings reports. Jefferies Financial Group currently has $19.00 target price on the basic materials company’s stock.
Osisko Gold Royalties Price Performance
NYSE:OR opened at $17.22 on Friday. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 0.09. Osisko Gold Royalties has a 52 week low of $11.24 and a 52 week high of $17.37. The stock has a market capitalization of $3.20 billion, a PE ratio of -81.98 and a beta of 1.02. The stock’s 50-day moving average price is $16.27 and its 200-day moving average price is $15.51.
Osisko Gold Royalties (NYSE:OR – Get Free Report) last issued its earnings results on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $45.06 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%. As a group, equities analysts expect that Osisko Gold Royalties will post 0.48 EPS for the current fiscal year.
Osisko Gold Royalties Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.09%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is presently -90.48%.
Hedge Funds Weigh In On Osisko Gold Royalties
A number of institutional investors and hedge funds have recently modified their holdings of OR. EverSource Wealth Advisors LLC boosted its stake in 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 valued at $25,000 after acquiring an additional 916 shares in the last quarter. Raymond James & Associates boosted its stake in Osisko Gold Royalties by 6.5% in the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock valued at $215,000 after acquiring an additional 917 shares in the last quarter. Addenda Capital Inc. boosted its stake in Osisko Gold Royalties by 5.3% in the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock valued at $600,000 after acquiring an additional 1,826 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in 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 acquiring an additional 2,182 shares in the last quarter. Finally, SG Americas Securities LLC boosted its stake in Osisko Gold Royalties by 7.6% in the fourth quarter. SG Americas Securities LLC now owns 49,773 shares of the basic materials company’s stock valued at $711,000 after acquiring an additional 3,497 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.
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.
Further Reading
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