The Manufacturers Life Insurance Company Has $4.27 Million Stake in Osisko Gold Royalties Ltd (NYSE:OR)

The Manufacturers Life Insurance Company grew its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 81.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 274,253 shares of the basic materials company’s stock after acquiring an additional 122,827 shares during the period. The Manufacturers Life Insurance Company owned 0.15% of Osisko Gold Royalties worth $4,268,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC grew 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 purchasing an additional 916 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at $71,000. Creekmur Asset Management LLC acquired a new position in shares of Osisko Gold Royalties during the 4th quarter valued at $136,000. Squarepoint Ops LLC bought a new position in Osisko Gold Royalties during the second quarter worth $211,000. Finally, Corundum Trust Company INC bought a new stake in Osisko Gold Royalties in the second quarter valued at $249,000. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Trading Up 0.2 %

OR opened at $18.64 on Tuesday. Osisko Gold Royalties Ltd has a fifty-two week low of $11.51 and a fifty-two week high of $19.03. The firm has a market capitalization of $3.47 billion, a PE ratio of -88.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The company’s 50-day moving average is $17.52 and its 200 day moving average is $16.76.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS 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 predict that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently disclosed 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 (DPR) is presently -90.48%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on OR shares. Jefferies Financial Group upped their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday. Royal Bank of Canada reduced their price objective 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. Finally, TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research report 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.