Osisko Gold Royalties (NYSE:OR) Records Strong Trading Volume


Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) saw unusually high trading volume on Friday. Approximately 53,730 shares were traded during trading, down 94% from the previous session’s volume of 930,647 shares. The stock last traded at $9.87 and previously closed at $9.68.

Analyst upgrades and downgrades

Several research analysts have published reports on GOLD stocks. TD Securities raised its target price on Osisko gold royalties from C$21.00 to C$23.00 in a Wednesday, April 6 research report. Stifel Nicolaus lowered his price target on Osisko gold royalties from C$22.00 to C$19.50 in a research report on Wednesday. National Bank Financial lowered its target price on Osisko gold royalties from C$22.00 to C$20.00 in a research report Thursday. Raymond James lowered his price target on Osisko gold royalties from C$23.00 to C$22.75 in a Friday, May 13 research report. Finally, TheStreet lowered Osisko’s gold royalties from a “c-” rating to a “d+” rating in a Tuesday, May 31 research report.

Osisko gold royalty stock down 2.1%

The company has a debt ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.20. The stock has a market capitalization of $1.75 billion, a PE ratio of -59.25 and a beta of 0.76. The company has a fifty-day moving average of $10.82 and a 200-day moving average of $11.96.

Osisko Gold Royalties (NYSE:OR – Get Rating) last reported its quarterly results on Thursday, May 12. The basic materials company reported earnings per share (EPS) of $0.01 for the quarter, missing analyst consensus estimates of $0.09 per ($0.08). The company had revenue of $46.89 million in the quarter. Osisko Gold Royalties posted a negative net margin of 15.65% and a positive return on equity of 2.33%. Equity research analysts expect Osisko Gold Royalties Ltd. to post earnings per share of 0.36 for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, July 15. Shareholders of record on Thursday, June 30 received a dividend of $0.043 per share. The ex-dividend date was Wednesday, June 29. This represents a dividend of $0.17 on an annualized basis and a yield of 1.81%. Osisko Gold Royalties’ dividend payout ratio is currently -106.25%.

Institutional negotiation of Osisko gold royalties

Hedge funds have recently been buying and selling stocks. UMB Bank NA MO increased its stake in Osisko Gold Royalties by 141.2% during the first quarter. UMB Bank NA MO now owns 4,100 shares of the basic materials company worth $54,000 after purchasing an additional 2,400 shares during the period. Terril Brothers Inc. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth $123,000. Qube Research & Technologies Ltd acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth $128,000. Wealthsource Partners LLC acquired a new equity position in Osisko Gold Royalties during the first quarter worth $132,000. Finally, Moors & Cabot Inc. acquired a new position in shares of Osisko Gold Royalties during the first quarter at a value of $140,000. Hedge funds and other institutional investors hold 66.21% of the company’s shares.

About Osisko Gold Royalties

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Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, streams, levies and other interests in Canada and abroad. It also holds options on royalty/stream financing; and exclusive rights to participate in future royalty/stream funding on various projects. The Company’s principal asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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