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

Osisko Gold Royalties Ltd (NYSE:OR) shares were down 4.4% during trading on Monday . The company 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 Analysts Forecast Growth

Separately, Jefferies Financial Group boosted their price objective on shares of 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 Price Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -83.00 and a beta of 0.99. The stock’s 50 day simple moving average is $15.54 and its 200-day simple moving average is $14.31.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. On average, analysts expect that Osisko Gold Royalties Ltd will post 0.43 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm 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 was Wednesday, March 27th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a yield of 1.13%. Osisko Gold Royalties’s payout ratio is -94.74%.

Institutional Trading of Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Heartland Advisors Inc. increased its holdings in Osisko Gold Royalties by 19.6% in the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock valued at $5,619,000 after buying an additional 78,200 shares during the period. Sprott Inc. boosted its stake in shares of Osisko Gold Royalties by 2.7% in the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock valued at $40,440,000 after purchasing an additional 90,292 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of Osisko Gold Royalties by 4.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after purchasing an additional 810,979 shares during the last quarter. Versor Investments LP bought a new position in Osisko Gold Royalties during the 3rd quarter worth approximately $495,000. Finally, Qube Research & Technologies Ltd boosted its stake in Osisko Gold Royalties by 58.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 300,572 shares of the basic materials company’s stock worth $3,532,000 after acquiring an additional 111,162 shares during 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.