Osisko Gold Royalties (NYSE:OR) Sets New 52-Week High – Should You Buy?

Osisko Gold Royalties Ltd (NYSE:OR)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $20.90 and last traded at $20.90, with a volume of 1786 shares trading hands. The stock had previously closed at $20.63.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 10th. Jefferies Financial Group lifted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Finally, TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

Osisko Gold Royalties Stock Up 1.3 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The firm has a fifty day simple moving average of $18.04 and a 200-day simple moving average of $16.99. The firm has a market cap of $3.89 billion, a price-to-earnings ratio of -98.24 and a beta of 1.04.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The company had revenue of $47.39 million for the quarter. As a group, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.48 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.047 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.19 annualized dividend and a yield of 0.90%. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

Hedge Funds Weigh In On Osisko Gold Royalties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $71,000. Cubist Systematic Strategies LLC bought a new position in Osisko Gold Royalties in the 2nd quarter valued at approximately $288,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Osisko Gold Royalties in the second quarter valued at approximately $294,000. Creekside Partners bought a new stake in shares of Osisko Gold Royalties during the second quarter worth $229,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of Osisko Gold Royalties during the second quarter worth $344,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.