Tidal Investments LLC Buys New Shares in Osisko Gold Royalties Ltd (NYSE:OR)

Tidal Investments LLC bought a new stake in Osisko Gold Royalties Ltd (NYSE:OR) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,889,974 shares of the basic materials company’s stock, valued at approximately $34,209,000. Tidal Investments LLC owned 1.01% of Osisko Gold Royalties as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of OR. Barclays PLC grew its holdings in Osisko Gold Royalties by 16.8% in the third quarter. Barclays PLC now owns 159,408 shares of the basic materials company’s stock valued at $2,951,000 after purchasing an additional 22,898 shares during the period. JPMorgan Chase & Co. grew its holdings in Osisko Gold Royalties by 58.2% in the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 6,237 shares during the period. Addenda Capital Inc. grew its holdings in Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 532 shares during the period. PFG Investments LLC grew its holdings in Osisko Gold Royalties by 2.2% in the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock valued at $449,000 after purchasing an additional 527 shares during the period. Finally, SeaBridge Investment Advisors LLC purchased a new stake in Osisko Gold Royalties in the fourth quarter valued at approximately $244,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Trading Up 0.8%

NYSE OR opened at $23.31 on Friday. The company’s fifty day simple moving average is $21.90 and its 200-day simple moving average is $20.03. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $24.70. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.36 billion, a P/E ratio of 259.03 and a beta of 0.76.

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

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.22 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties’s payout ratio is presently 105.88%.

Analyst Upgrades and Downgrades

OR has been the topic of a number of recent research reports. Scotiabank raised shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Raymond James reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average 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.