Acuitas Investments LLC Raises Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Acuitas Investments LLC raised its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 15.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 251,390 shares of the basic materials company’s stock after acquiring an additional 33,198 shares during the period. Osisko Gold Royalties accounts for about 1.8% of Acuitas Investments LLC’s portfolio, making the stock its 10th biggest position. Acuitas Investments LLC’s holdings in Osisko Gold Royalties were worth $3,590,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Anchor Investment Management LLC bought a new position in Osisko Gold Royalties during the 4th quarter valued at $72,000. Dubuque Bank & Trust Co bought a new stake in shares of Osisko Gold Royalties during the 3rd quarter worth $133,000. Stansberry Asset Management LLC bought a new stake in shares of Osisko Gold Royalties during the 3rd quarter worth $156,000. HTLF Bank bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth $162,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth $171,000. 68.52% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR traded down $0.05 during mid-day trading on Wednesday, reaching $15.73. 447,383 shares of the company’s stock were exchanged, compared to its average volume of 885,578. The firm has a market capitalization of $2.92 billion, a price-to-earnings ratio of -82.76 and a beta of 0.99. Osisko Gold Royalties Ltd has a 52 week low of $11.24 and a 52 week high of $17.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a 50-day moving average price of $15.57 and a two-hundred day moving average price of $14.32.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. The company had revenue of $47.87 million during the quarter. Analysts predict that Osisko Gold Royalties Ltd will post 0.43 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 annualized dividend and a yield of 1.13%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is -89.47%.

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.