Intact Investment Management Inc. Purchases 95,600 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Intact Investment Management Inc. raised its position in Osisko Gold Royalties Ltd (NYSE:OR) by 14.7% in the 4th quarter, Holdings Channel.com reports. The firm owned 745,040 shares of the basic materials company’s stock after buying an additional 95,600 shares during the period. Intact Investment Management Inc.’s holdings in Osisko Gold Royalties were worth $10,633,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of OR. Anchor Investment Management LLC acquired a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $72,000. Dubuque Bank & Trust Co acquired a new stake in Osisko Gold Royalties during the third quarter worth approximately $133,000. Stansberry Asset Management LLC acquired a new stake in Osisko Gold Royalties during the third quarter worth approximately $156,000. HTLF Bank acquired a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $162,000. Finally, International Assets Investment Management LLC acquired a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $171,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Trading Up 0.7 %

Osisko Gold Royalties stock traded up $0.11 during mid-day trading on Friday, reaching $16.05. The stock had a trading volume of 401,883 shares, compared to its average volume of 792,429. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $17.96. The stock’s 50-day simple moving average is $15.64 and its 200-day simple moving average is $14.36.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. The firm had revenue of $47.87 million during the quarter. Equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.45 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.0444 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is -94.74%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group raised their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, April 22nd.

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.