PFG Investments LLC Takes Position in Osisko Gold Royalties Ltd (NYSE:OR)

PFG Investments LLC purchased a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,451 shares of the basic materials company’s stock, valued at approximately $401,000.

Several other hedge funds have also modified their holdings of the stock. Raymond James & Associates grew its stake in shares of Osisko Gold Royalties by 6.5% during the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 917 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Osisko Gold Royalties by 2.5% during the third quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock valued at $544,000 after purchasing an additional 1,108 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Osisko Gold Royalties by 7.0% in the third quarter. Bank of New York Mellon Corp now owns 20,763 shares of the basic materials company’s stock valued at $244,000 after buying an additional 1,356 shares during the period. FCA Corp TX lifted its holdings in Osisko Gold Royalties by 3.5% in the third quarter. FCA Corp TX now owns 41,351 shares of the basic materials company’s stock valued at $486,000 after buying an additional 1,384 shares during the period. Finally, Addenda Capital Inc. lifted its holdings in Osisko Gold Royalties by 5.3% in the first quarter. Addenda Capital Inc. now owns 36,569 shares of the basic materials company’s stock valued at $600,000 after buying an additional 1,826 shares during the period. 68.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group increased their price objective on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the company a “hold” rating in a report on Monday, April 22nd.

Osisko Gold Royalties Trading Down 4.3 %

OR traded down $0.69 during mid-day trading on Tuesday, hitting $15.39. The stock had a trading volume of 649,044 shares, compared to its average volume of 866,428. The stock’s fifty day simple moving average is $15.71 and its 200-day simple moving average is $14.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $2.86 billion, a price-to-earnings ratio of -80.97 and a beta of 0.99. Osisko Gold Royalties Ltd has a 1-year low of $11.24 and a 1-year high of $17.96.

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

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.0444 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.15%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is -94.74%.

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.