Cidel Asset Management Inc. raised its stake in Osisko gold royalties Ltd (NYSE:OR) by 7.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 38,872 shares of the basic materials company’s stock after buying an additional 2,567 shares during the quarter. Cidel Asset Management Inc.’s holdings in Osisko gold royalties were worth $287,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of OR. Citigroup Inc. grew its stake in Osisko gold royalties by 336.1% in the fourth quarter. Citigroup Inc. now owns 6,315 shares of the basic materials company’s stock valued at $62,000 after purchasing an additional 4,867 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in Osisko gold royalties by 83.3% in the fourth quarter. NumerixS Investment Technologies Inc now owns 7,700 shares of the basic materials company’s stock valued at $75,000 after purchasing an additional 3,500 shares during the last quarter. FIL Ltd purchased a new position in Osisko gold royalties in the fourth quarter valued at about $93,000. Seelaus Asset Management LLC purchased a new position in Osisko gold royalties in the fourth quarter valued at about $97,000. Finally, Confluence Investment Management LLC purchased a new position in Osisko gold royalties in the first quarter valued at about $117,000. Institutional investors own 53.36% of the company’s stock.
Shares of NYSE OR traded up $0.08 during mid-day trading on Monday, reaching $9.96. 19,941 shares of the company’s stock were exchanged, compared to its average volume of 874,890. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -8.81, a PEG ratio of 2.24 and a beta of 0.63. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.55 and a current ratio of 2.55. Osisko gold royalties Ltd has a 52-week low of $4.65 and a 52-week high of $13.43. The company’s 50-day moving average is $9.32 and its 200-day moving average is $8.96.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.036 per share. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, June 29th. Osisko gold royalties’s dividend payout ratio is presently 71.43%.
A number of brokerages have recently weighed in on OR. BMO Capital Markets lowered Osisko gold royalties from an “outperform” rating to a “market perform” rating in a research note on Friday. CIBC restated a “hold” rating and set a $15.25 price target on shares of Osisko gold royalties in a research note on Friday, February 21st. ValuEngine lowered Osisko gold royalties from a “buy” rating to a “hold” rating in a research report on Friday, April 3rd. TheStreet downgraded Osisko gold royalties from a “c-” rating to a “d” rating in a report on Thursday, February 27th. Finally, Canaccord Genuity reissued a “buy” rating on shares of Osisko gold royalties in a report on Wednesday, May 13th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.88.
Osisko gold royalties Company Profile
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.
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