Osisko Gold Royalties Ltd (NYSE:OR) Stake Raised by Intact Investment Management Inc.

Intact Investment Management Inc. boosted its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 745,040 shares of the basic materials company’s stock after acquiring an additional 95,600 shares during the quarter. Intact Investment Management Inc. owned about 0.40% of Osisko Gold Royalties worth $10,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its holdings in Osisko Gold Royalties by 2.5% during the 3rd quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock worth $544,000 after buying an additional 1,108 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in Osisko Gold Royalties by 2.3% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 157,849 shares of the basic materials company’s stock worth $1,855,000 after buying an additional 3,490 shares during the period. Bank of New York Mellon Corp raised its holdings in Osisko Gold Royalties by 7.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock worth $244,000 after buying an additional 1,356 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Osisko Gold Royalties by 13.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 38,975 shares of the basic materials company’s stock worth $460,000 after buying an additional 4,663 shares during the period. Finally, Dubuque Bank & Trust Co acquired a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at about $133,000. 68.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upped their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a report on Monday, April 22nd.

Osisko Gold Royalties Trading Up 0.7 %

Osisko Gold Royalties stock traded up $0.11 during trading hours on Friday, reaching $16.05. 401,883 shares of the company were exchanged, compared to its average volume of 792,429. 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 stock has a 50-day moving average of $15.64 and a 200 day moving average of $14.36. Osisko Gold Royalties Ltd has a 12 month low of $11.24 and a 12 month high of $17.96.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. As a group, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.45 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a $0.0444 dividend. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.11%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -94.74%.

Osisko Gold Royalties 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.