Louisbourg Investments Inc. Raises Position in Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. raised its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 78.5% in the 1st quarter, HoldingsChannel.com reports. The firm owned 279,555 shares of the basic materials company’s stock after buying an additional 122,918 shares during the quarter. Osisko Gold Royalties comprises 1.5% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 22nd largest position. Louisbourg Investments Inc.’s holdings in Osisko Gold Royalties were worth $5,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $72,000. Northwest & Ethical Investments L.P. raised its stake in shares of Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 626 shares during the last quarter. Employees Retirement System of Texas purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $131,000. Finally, Franklin Resources Inc. raised its stake in shares of Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 534 shares during the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $26.34 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The business has a fifty day simple moving average of $24.21 and a two-hundred day simple moving average of $20.93. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $27.60. The company has a market capitalization of $4.95 billion, a P/E ratio of 292.67 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $79.63 million. On average, analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a $0.055 dividend. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 105.88%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on OR. National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Wall Street Zen raised Osisko Gold Royalties from a “hold” rating to a “buy” rating in a report on Saturday. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and upped their target price for the company from $22.00 to $24.00 in a report on Monday, April 14th. Finally, Raymond James reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $23.00.

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.