Point72 DIFC Ltd Buys New Stake in Osisko Gold Royalties Ltd (NYSE:OR)

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

Several other large investors also recently modified their holdings of OR. Norges Bank acquired a new stake in shares of Osisko Gold Royalties during the 4th quarter worth about $18,728,000. Cambridge Investment Research Advisors Inc. grew its stake in Osisko Gold Royalties by 4.7% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 165,251 shares of the basic materials company’s stock worth $2,360,000 after buying an additional 7,402 shares during the last quarter. TD Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 38.6% during the fourth 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 in the last quarter. CIBC Asset Management Inc raised its stake in shares of Osisko Gold Royalties by 7.3% in the fourth quarter. CIBC Asset Management Inc now owns 273,833 shares of the basic materials company’s stock valued at $3,920,000 after acquiring an additional 18,668 shares during the last quarter. Finally, Armistice Capital LLC acquired a new position in shares of Osisko Gold Royalties in the 4th quarter worth approximately $184,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Trading Down 2.6 %

Shares of Osisko Gold Royalties stock opened at $18.45 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92. The firm has a 50 day simple moving average of $17.41 and a 200 day simple moving average of $16.65. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $19.03.

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 positive return on equity of 6.80% and a negative net margin of 36.71%. The company had revenue of $47.39 million during the quarter. On average, analysts anticipate that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The firm 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 dividend of $0.047 per share. The ex-dividend date is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a yield of 1.02%. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on OR shares. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada cut their price target on 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 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.