Moors & Cabot Inc. Grows Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Moors & Cabot Inc. grew its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 20,536 shares of the basic materials company’s stock after purchasing an additional 1,000 shares during the quarter. Moors & Cabot Inc.’s holdings in Osisko Gold Royalties were worth $320,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC lifted its stake in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 916 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $136,000. Vanguard Personalized Indexing Management LLC acquired a new stake in shares of Osisko Gold Royalties in the fourth quarter worth $177,000. Armistice Capital LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $184,000. Finally, Clearbridge Investments LLC acquired a new position in shares of Osisko Gold Royalties during the 4th quarter valued at $224,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on OR shares. Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a research report on Friday, July 12th. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th.

Osisko Gold Royalties Trading Up 2.7 %

Shares of OR stock opened at $18.46 on Friday. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The company’s fifty day moving average price is $17.34 and its two-hundred day moving average price is $16.56. Osisko Gold Royalties Ltd has a 12 month low of $11.24 and a 12 month high of $18.62.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate 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 business had revenue of $47.39 million for the quarter. On average, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s payout ratio is currently -90.48%.

Osisko Gold Royalties Company Profile

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.