Osisko gold royalties (NYSE:OR) Reaches New 12-Month High at $13.06

Osisko gold royalties Ltd (NYSE:OR)’s stock price reached a new 52-week high on Monday . The stock traded as high as $13.06 and last traded at $13.06, with a volume of 127244 shares. The stock had previously closed at $12.09.

OR has been the topic of several recent analyst reports. ValuEngine lowered Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday. Raymond James reiterated an “average” rating and set a $17.50 target price on shares of Osisko gold royalties in a research note on Friday. Desjardins downgraded Osisko gold royalties from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. TD Securities downgraded Osisko gold royalties from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, Zacks Investment Research upgraded Osisko gold royalties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Osisko gold royalties presently has a consensus rating of “Hold” and a consensus price target of $16.38.

The company has a debt-to-equity ratio of 0.22, a current ratio of 1.96 and a quick ratio of 5.84. The company has a 50 day moving average of $11.02. The firm has a market cap of $1.79 billion, a P/E ratio of 87.96, a P/E/G ratio of 5.39 and a beta of 0.01.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.038 per share. This is an increase from Osisko gold royalties’s previous quarterly dividend of $0.04. This represents a $0.15 annualized dividend and a dividend yield of 1.17%. The ex-dividend date is Friday, September 27th. Osisko gold royalties’s payout ratio is currently 100.00%.

Hedge funds and other institutional investors have recently modified their holdings of the company. Acadian Asset Management LLC boosted its stake in Osisko gold royalties by 1,987.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,379,609 shares of the basic materials company’s stock valued at $15,499,000 after purchasing an additional 1,313,509 shares during the period. Norges Bank bought a new stake in Osisko gold royalties in the 4th quarter valued at $6,769,000. Deutsche Bank AG boosted its stake in Osisko gold royalties by 160.1% in the 4th quarter. Deutsche Bank AG now owns 905,260 shares of the basic materials company’s stock valued at $7,947,000 after purchasing an additional 557,258 shares during the period. Intact Investment Management Inc. boosted its stake in Osisko gold royalties by 14.8% in the 2nd quarter. Intact Investment Management Inc. now owns 1,678,800 shares of the basic materials company’s stock valued at $22,916,000 after purchasing an additional 216,400 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Osisko gold royalties in the 1st quarter valued at $2,504,000. Institutional investors own 49.25% of the company’s stock.

About Osisko gold royalties (NYSE:OR)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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