Osisko Gold Royalties (NYSE:OR) Raised to “Buy” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Osisko Gold Royalties (NYSE:OR) from a hold rating to a buy rating in a research report released on Friday, MarketBeat Ratings reports. Jefferies Financial Group currently has $19.00 price target on the basic materials company’s stock.

Osisko Gold Royalties Trading Up 1.5 %

Shares of OR stock opened at $17.47 on Friday. Osisko Gold Royalties has a 52-week low of $11.24 and a 52-week high of $17.61. The business’s fifty day moving average is $16.31 and its 200 day moving average is $15.54. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.95 and a current ratio of 4.95. The company has a market capitalization of $3.25 billion, a PE ratio of -83.19 and a beta of 1.02.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm had revenue of $45.06 million for the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%. On average, equities research analysts anticipate that Osisko Gold Royalties will post 0.49 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a dividend yield of 1.08%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date was Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Institutional Trading of Osisko Gold Royalties

Several institutional investors have recently added to or reduced their stakes in the business. Acuitas Investments LLC boosted its stake in shares of Osisko Gold Royalties by 15.2% during the 4th quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company’s stock worth $3,590,000 after acquiring an additional 33,198 shares during the last quarter. TD Asset Management Inc increased its stake in Osisko Gold Royalties by 38.6% during the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock worth $20,831,000 after acquiring an additional 404,297 shares during the last quarter. Intact Investment Management Inc. lifted its holdings in shares of Osisko Gold Royalties by 14.7% in the 4th quarter. Intact Investment Management Inc. now owns 745,040 shares of the basic materials company’s stock worth $10,633,000 after acquiring an additional 95,600 shares during the last quarter. Sprott Inc. lifted its stake in shares of Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after acquiring an additional 361,372 shares during the last quarter. Finally, Van ECK Associates Corp grew its stake in Osisko Gold Royalties by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company’s stock worth $289,402,000 after acquiring an additional 202,007 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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.