Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by Moors & Cabot Inc.

Moors & Cabot Inc. lifted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,536 shares of the basic materials company’s stock after purchasing an additional 1,000 shares during the period. Moors & Cabot Inc.’s holdings in Osisko Gold Royalties were worth $320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. EverSource Wealth Advisors LLC boosted its stake in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 916 shares during the period. Creekmur Asset Management LLC purchased a new position in shares of Osisko Gold Royalties during the fourth quarter worth about $136,000. Vanguard Personalized Indexing Management LLC acquired a new position in Osisko Gold Royalties in the 4th quarter valued at about $177,000. Armistice Capital LLC purchased a new stake in Osisko Gold Royalties during the 4th quarter valued at approximately $184,000. Finally, Clearbridge Investments LLC acquired a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $224,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on OR. Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Friday, July 12th. Finally, TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

Osisko Gold Royalties Stock Up 2.7 %

Shares of NYSE OR opened at $18.46 on Friday. The company’s fifty day moving average is $17.34 and its two-hundred day moving average is $16.56. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties Ltd has a one year low of $11.24 and a one year high of $18.62.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The company had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. As a group, equities analysts forecast that Osisko Gold Royalties Ltd will post 0.47 EPS for the current year.

Osisko Gold Royalties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

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.