Raymond James Financial Inc. Purchases Shares of 142,933 Osisko Gold Royalties Ltd (NYSE:OR)

Raymond James Financial Inc. acquired a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 142,933 shares of the basic materials company’s stock, valued at approximately $2,587,000. Raymond James Financial Inc. owned about 0.08% of Osisko Gold Royalties at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $57,000. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the third quarter worth about $187,000. SeaBridge Investment Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the fourth quarter worth approximately $244,000. Bank of New York Mellon Corp raised its holdings in shares of Osisko Gold Royalties by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock valued at $262,000 after acquiring an additional 1,373 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in shares of Osisko Gold Royalties by 58.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock valued at $314,000 after acquiring an additional 6,237 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada increased their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank reduced their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $22.67.

Osisko Gold Royalties Stock Down 1.2 %

Shares of OR stock opened at $20.92 on Friday. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $21.34. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a fifty day moving average price of $19.30 and a 200 day moving average price of $19.18. The stock has a market cap of $3.91 billion, a P/E ratio of 232.39 and a beta of 0.96.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0457 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

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.