Squarepoint Ops LLC Buys Shares of 13,575 Osisko Gold Royalties Ltd (NYSE:OR)

Squarepoint Ops LLC purchased a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,575 shares of the basic materials company’s stock, valued at approximately $211,000.

A number of other hedge funds have also recently made changes to their positions in OR. Price T Rowe Associates Inc. MD purchased a new position in Osisko Gold Royalties during the first quarter valued at $109,825,000. Bornite Capital Management LP purchased a new position in shares of Osisko Gold Royalties in the 1st quarter worth about $33,370,000. Yaupon Capital Management LP bought a new position in Osisko Gold Royalties in the 1st quarter worth about $15,973,000. Van ECK Associates Corp grew its position in Osisko Gold Royalties by 3.7% during the 1st quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after purchasing an additional 745,973 shares during the last quarter. Finally, EdgePoint Investment Group Inc. increased its stake in Osisko Gold Royalties by 2.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock valued at $406,002,000 after purchasing an additional 501,485 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR opened at $19.31 on Friday. 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’s 50-day moving average price is $17.68 and its 200-day moving average price is $16.85. Osisko Gold Royalties Ltd has a 52-week low of $11.51 and a 52-week high of $19.55. The company has a market cap of $3.59 billion, a PE ratio of -91.95 and a beta of 1.04.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results 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 negative net margin of 36.71% and a positive return on equity of 6.80%. As a group, analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 EPS 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 issued a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is -90.48%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada lowered their price objective on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th.

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.