18,476 Shares in Osisko Gold Royalties Ltd (NYSE:OR) Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC acquired a new position in Osisko Gold Royalties Ltd (NYSE:OR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 18,476 shares of the basic materials company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Osisko Gold Royalties in the 2nd quarter worth approximately $294,000. Creekside Partners purchased a new stake in Osisko Gold Royalties in the 2nd quarter worth approximately $229,000. Point72 Asset Management L.P. purchased a new stake in Osisko Gold Royalties in the 2nd quarter worth approximately $344,000. Mackenzie Financial Corp lifted its stake in Osisko Gold Royalties by 237.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after purchasing an additional 1,391,005 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Osisko Gold Royalties by 81.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company’s stock worth $4,268,000 after purchasing an additional 122,827 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at $19.35 on Tuesday. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $3.60 billion, a PE ratio of -92.14 and a beta of 1.04. The firm has a fifty day simple moving average of $17.74 and a two-hundred day simple moving average of $16.89. Osisko Gold Royalties Ltd has a twelve month low of $11.81 and a twelve month high of $19.55.

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

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -90.48%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Royal Bank of Canada lowered their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group raised their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th. Finally, TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd.

About Osisko Gold Royalties

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.