DJE Kapital AG Purchases New Stake in Osisko Gold Royalties Ltd (NYSE:OR)

DJE Kapital AG purchased a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 93,900 shares of the basic materials company’s stock, valued at approximately $1,692,000. DJE Kapital AG owned about 0.05% of Osisko Gold Royalties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Osisko Gold Royalties by 1.9% during the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after buying an additional 83,799 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after acquiring an additional 551,936 shares during the period. Principal Financial Group Inc. lifted its position in Osisko Gold Royalties by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after acquiring an additional 82,150 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Osisko Gold Royalties by 53.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock worth $17,886,000 after acquiring an additional 338,354 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Osisko Gold Royalties by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock worth $14,766,000 after acquiring an additional 522,551 shares during the period. 68.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on OR. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Scotiabank lowered their price objective on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday. Royal Bank of Canada boosted their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties currently has an average rating of “Hold” and an average price target of $22.67.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.33 on Monday. The company has a market cap of $3.42 billion, a price-to-earnings ratio of 203.61 and a beta of 1.02. Osisko Gold Royalties Ltd has a fifty-two week low of $13.90 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a fifty day moving average price of $18.83 and a 200-day moving average price of $18.86.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $68.31 million. As a group, equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 1.00%. Osisko Gold Royalties’s dividend payout ratio (DPR) is 188.89%.

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.