Osisko Gold Royalties (NYSE:OR) Shares Down 4.4%

Osisko Gold Royalties Ltd (NYSE:OR) fell 4.4% on Monday . The company traded as low as $15.39 and last traded at $15.40. 438,193 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 885,164 shares. The stock had previously closed at $16.11.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted 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.

Osisko Gold Royalties Trading Up 2.1 %

The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $15.54 and a 200 day moving average of $14.31. The firm has a market cap of $2.93 billion, a PE ratio of -83.00 and a beta of 0.99.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, beating the consensus estimate 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 business had revenue of $47.87 million for the quarter. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.43 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.0444 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.13%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is currently -94.74%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in Osisko Gold Royalties in the fourth quarter valued at $72,000. Dubuque Bank & Trust Co purchased a new stake in Osisko Gold Royalties in the third quarter worth about $133,000. Creekmur Asset Management LLC purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $136,000. Stansberry Asset Management LLC purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $156,000. Finally, HTLF Bank purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $162,000. Institutional investors own 68.52% of the company’s stock.

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.