Osisko Gold Royalties (NYSE:OR) Reaches New 52-Week High – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on OR shares. Royal Bank of Canada dropped their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group boosted their target price 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.

Osisko Gold Royalties Stock Performance

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

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The company had revenue of $47.39 million for the quarter. Equities research analysts predict that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.047 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.94%. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

Institutional Trading of Osisko Gold Royalties

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in shares of Osisko Gold Royalties by 125.7% during 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 during the last quarter. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at $71,000. Squarepoint Ops LLC purchased a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at $211,000. Creekside Partners bought a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth $229,000. Finally, Corundum Trust Company INC purchased a new position in shares of Osisko Gold Royalties in the 2nd quarter worth about $249,000. Institutional investors 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.