Raymond James & Associates Has $2.11 Million Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Raymond James & Associates increased its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 9.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 135,667 shares of the basic materials company’s stock after acquiring an additional 11,316 shares during the period. Raymond James & Associates’ holdings in Osisko Gold Royalties were worth $2,114,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. EdgePoint Investment Group Inc. lifted its stake in Osisko Gold Royalties by 2.1% in the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock valued at $406,002,000 after acquiring an additional 501,485 shares during the last quarter. Van ECK Associates Corp lifted its stake in Osisko Gold Royalties by 3.7% in the first quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after acquiring an additional 745,973 shares during the last quarter. Vanguard Group Inc. lifted its stake in Osisko Gold Royalties by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock valued at $111,595,000 after acquiring an additional 60,083 shares during the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Osisko Gold Royalties in the first quarter valued at $109,825,000. Finally, Sprott Inc. lifted its stake in Osisko Gold Royalties by 10.4% in the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock valued at $54,558,000 after acquiring an additional 361,372 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Price Performance

Shares of OR opened at $17.27 on Tuesday. The firm has a market capitalization of $3.22 billion, a PE ratio of -82.24 and a beta of 1.01. The company’s 50-day moving average is $16.90 and its 200-day moving average is $16.25. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $18.34. 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 (NYSE:OR) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter. Equities analysts forecast that Osisko Gold Royalties Ltd will post 0.47 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 annualized dividend and a yield of 1.09%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is currently -90.48%.

Analyst Upgrades and Downgrades

OR has been the subject of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research note on Friday, July 12th. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd.

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.