Cubist Systematic Strategies LLC Takes $288,000 Position in Osisko Gold Royalties Ltd (NYSE:OR)

Cubist Systematic Strategies LLC purchased a new position in Osisko Gold Royalties Ltd (NYSE:OR) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,476 shares of the basic materials company’s stock, valued at approximately $288,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its holdings in shares of Osisko Gold Royalties by 2.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock valued at $406,002,000 after buying an additional 501,485 shares in the last quarter. Van ECK Associates Corp boosted its stake in Osisko Gold Royalties by 3.7% during the first quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock worth $345,021,000 after acquiring an additional 745,973 shares in the last quarter. Vanguard Group Inc. grew its holdings in Osisko Gold Royalties by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after purchasing an additional 60,083 shares during the period. Price T Rowe Associates Inc. MD bought a new position in shares of Osisko Gold Royalties during the first quarter valued at approximately $109,825,000. Finally, Sprott Inc. lifted its holdings in shares of Osisko Gold Royalties by 10.4% during the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock valued at $54,558,000 after purchasing an additional 361,372 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group lifted their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday. Finally, Royal Bank of Canada cut 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.

Osisko Gold Royalties Price Performance

Shares of NYSE OR opened at $18.61 on Friday. The firm has a market cap of $3.46 billion, a P/E ratio of -88.62 and a beta of 1.04. Osisko Gold Royalties Ltd has a twelve month low of $11.43 and a twelve month high of $19.03. 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 50 day moving average of $17.52 and a 200 day moving average of $16.75.

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. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The firm had revenue of $47.39 million during the quarter. As a group, research analysts expect that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 yield of 1.01%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is currently -90.48%.

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.