Osisko Gold Royalties Ltd (NYSE:OR) Shares Purchased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 237.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,977,895 shares of the basic materials company’s stock after purchasing an additional 1,391,005 shares during the quarter. Mackenzie Financial Corp’s holdings in Osisko Gold Royalties were worth $30,827,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD purchased a new stake in Osisko Gold Royalties during the 1st quarter valued at about $109,825,000. Bornite Capital Management LP purchased a new stake in shares of Osisko Gold Royalties in the first quarter valued at approximately $33,370,000. Norges Bank acquired a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $18,728,000. Millennium Management LLC lifted its position in Osisko Gold Royalties by 20.5% during the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after buying an additional 1,122,653 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in Osisko Gold Royalties during the first quarter worth $15,973,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Royal Bank of Canada cut their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research note on Friday, July 12th. Finally, TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock opened at $18.45 on Friday. The business’s fifty day simple moving average is $17.41 and its 200-day simple moving average is $16.65. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The firm has a market cap of $3.44 billion, a PE ratio of -87.86 and a beta of 1.03. Osisko Gold Royalties Ltd has a 52 week low of $11.24 and a 52 week high of $19.03.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. Equities analysts forecast that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s payout ratio is -90.48%.

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.