Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by Addenda Capital Inc.

Addenda Capital Inc. raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 5.3% in the 1st quarter, HoldingsChannel reports. The fund owned 36,569 shares of the basic materials company’s stock after acquiring an additional 1,826 shares during the period. Addenda Capital Inc.’s holdings in Osisko Gold Royalties were worth $600,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp increased its holdings in shares of Osisko Gold Royalties by 1.0% during the 4th quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company’s stock worth $289,402,000 after buying an additional 202,007 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Osisko Gold Royalties by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after buying an additional 41,380 shares during the last quarter. Sprott Inc. increased its holdings in shares of Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after buying an additional 361,372 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Osisko Gold Royalties by 0.3% during the 3rd quarter. Invesco Ltd. now owns 2,419,550 shares of the basic materials company’s stock worth $28,430,000 after buying an additional 6,979 shares during the last quarter. Finally, TD Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 38.6% during the 4th quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock worth $20,831,000 after buying an additional 404,297 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock opened at $15.57 on Friday. The company has a fifty day moving average price of $16.19 and a 200 day moving average price of $15.39. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 0.09. Osisko Gold Royalties Ltd has a twelve month low of $11.24 and a twelve month high of $17.37.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The firm had revenue of $45.06 million during the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%. Equities analysts expect that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.047 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.19 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, June 28th. Osisko Gold Royalties’s dividend payout ratio is presently -85.71%.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties 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.