Point72 DIFC Ltd Takes Position in Osisko Gold Royalties Ltd (NYSE:OR)

Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties Ltd (NYSE:OR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,582 shares of the basic materials company’s stock, valued at approximately $71,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Osisko Gold Royalties during the second quarter valued at about $288,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Osisko Gold Royalties in the 2nd quarter valued at approximately $294,000. Creekside Partners purchased a new stake in Osisko Gold Royalties in the second quarter valued at approximately $229,000. Point72 Asset Management L.P. acquired a new position in Osisko Gold Royalties during the second quarter worth $344,000. Finally, Mackenzie Financial Corp boosted its position in shares of Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after buying an additional 1,391,005 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Trading Up 0.6 %

OR opened at $18.81 on Thursday. The business has a fifty day moving average price of $17.46 and a 200 day moving average price of $16.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. Osisko Gold Royalties Ltd has a 12 month low of $11.24 and a 12 month high of $19.03. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of -89.57 and a beta of 1.03.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. Sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.047 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.00%. Osisko Gold Royalties’s payout ratio is -90.48%.

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.