Point72 Asset Management L.P. Purchases New Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Point72 Asset Management L.P. purchased a new stake in Osisko Gold Royalties Ltd (NYSE:OR) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,100 shares of the basic materials company’s stock, valued at approximately $344,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its stake in 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 worth $25,000 after acquiring an additional 916 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties during the second quarter worth about $71,000. Creekmur Asset Management LLC acquired a new position in Osisko Gold Royalties during the fourth quarter worth about $136,000. Squarepoint Ops LLC acquired a new position in Osisko Gold Royalties during the second quarter worth about $211,000. Finally, Corundum Trust Company INC acquired a new position in Osisko Gold Royalties during the second quarter worth about $249,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OR shares. Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Jefferies Financial Group boosted their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.61 on Friday. The stock’s 50-day moving average is $17.52 and its 200-day moving average is $16.75. Osisko Gold Royalties Ltd has a 1-year low of $11.43 and a 1-year high of $19.03. The stock has a market cap of $3.46 billion, a P/E ratio of -88.62 and a beta of 1.04. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate 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 business had revenue of $47.39 million for the quarter. Equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.047 dividend. This represents a $0.19 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s payout ratio is presently -90.48%.

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.