National Bank of Canada FI Buys 75,287 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

National Bank of Canada FI lifted its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,427,583 shares of the basic materials company’s stock after acquiring an additional 75,287 shares during the period. National Bank of Canada FI’s holdings in Osisko Gold Royalties were worth $20,101,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $72,000. Dubuque Bank & Trust Co bought a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at approximately $133,000. Stansberry Asset Management LLC bought a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at approximately $156,000. HTLF Bank bought a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $162,000. Finally, International Assets Investment Management LLC bought a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $171,000. Institutional investors own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Stock Performance

OR opened at $15.79 on Wednesday. The firm has a market capitalization of $2.94 billion, a P/E ratio of -83.11 and a beta of 1.00. The stock’s 50 day moving average price is $15.87 and its two-hundred day moving average price is $14.57. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties Ltd has a 12-month low of $11.24 and a 12-month high of $17.60.

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

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued 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 1.12%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is -94.74%.

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.