Osisko (NYSE:OR) Gold Royalties Hit New 52-Week Low at $9.56
Shares of Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) hit a new 52-week low during Thursday’s trading. The stock traded as low as $9.56 and last traded at $9.56, with a volume of 3,440 shares traded in hands. The stock had previously closed at $10.15.
Analysts set new price targets
Several analysts have recently commented on GOLD stocks. TheStreet downgraded Osisko Gold Royalties from a “c-” rating to a “d+” rating in a Tuesday, May 31 research note. TD Securities raised its price target on Osisko Gold Royalties shares from C$21.00 to C$23.00 in a Wednesday, April 6 research report. Raymond James lowered his price target on Osisko Gold Royalties shares from C$23.00 to C$22.75 in a Friday, May 13 research report. Stifel Nicolaus lowered his price target on Osisko Gold Royalties shares from C$23.00 to C$22.00 in a Friday, May 27 research report. Finally, Scotiabank raised its price target on Osisko Gold Royalties shares from C$22.50 to C$24.00 in a Tuesday, April 19 research report.
Osisko Gold Royalties Stock Performance
The company’s 50-day simple moving average is $10.95 and its 200-day simple moving average is $12.04. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt ratio of 0.06. The stock has a market capitalization of $1.80 billion, a P/E ratio of -60.81 and a beta of 0.76.
Osisko Gold Royalties (NYSE:OR – Get Rating) last released its results on Thursday, May 12. The basic materials company reported EPS of $0.01 for the quarter, missing the consensus estimate of $0.09 per ($0.08). Osisko Gold Royalties posted a positive return on equity of 2.33% and a negative net margin of 15.65%. The company had revenue of $46.89 million for the quarter. As a group, sell-side analysts expect Osisko Gold Royalties Ltd to post EPS of 0.37 for the current fiscal 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 an annualized dividend of $0.17 and a dividend yield of 1.77%. Osisko Gold Royalties’ dividend payout ratio is currently -106.25%.
Hedge funds weigh on Osisko gold royalties
Several hedge funds have recently changed their GOLD holdings. Shepherd Kaplan Krochuk LLC increased its equity stake in Osisko Gold Royalties by 4.4% in Q1. Shepherd Kaplan Krochuk LLC now owns 23,500 shares of the basic materials company worth $310,000 after purchasing an additional 1,000 shares during the period. Vident Investment Advisory LLC increased its equity stake in Osisko Gold Royalties by 9.2% in Q1. Vident Investment Advisory LLC now owns 16,504 shares of the basic materials company worth $218,000 after purchasing an additional 1,389 shares during the period. The Toronto Dominion Bank increased its holdings of Osisko Gold Royalties shares by 1.1% in the 1st quarter. The Toronto-Dominion Bank now owns 138,774 shares of the basic materials company worth $1,834,000 after purchasing an additional 1,451 shares during the period. Heartland Advisors Inc. increased its equity stake in Osisko Gold Royalties by 0.3% in the 1st quarter. Heartland Advisors Inc. now owns 805,255 shares of the basic materials company worth $10,621,000 after purchasing an additional 2,400 shares during the period. Finally, UMB Bank NA MO increased its stake in Osisko Gold Royalties shares by 141.2% in the 1st 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. 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 financings 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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