Polar Asset Management Partners Inc. Buys 9,183 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Polar Asset Management Partners Inc. boosted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 22.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,461 shares of the basic materials company’s stock after buying an additional 9,183 shares during the period. Polar Asset Management Partners Inc.’s holdings in Osisko Gold Royalties were worth $895,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company’s stock valued at $130,529,000 after acquiring an additional 128,099 shares during the last quarter. FMR LLC boosted its holdings in Osisko Gold Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock valued at $101,659,000 after acquiring an additional 1,128,969 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Osisko Gold Royalties by 352.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock worth $74,160,000 after buying an additional 3,194,173 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Osisko Gold Royalties during the 4th quarter worth about $60,364,000. Finally, CIBC Asset Management Inc increased its holdings in Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after purchasing an additional 551,936 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Stock Up 0.8%

Osisko Gold Royalties stock opened at $23.31 on Friday. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 259.03 and a beta of 0.76. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year 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 firm has a 50 day simple moving average of $21.90 and a 200 day simple moving average of $20.03.

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

Osisko Gold Royalties Increases Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Royal Bank of Canada cut their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and increased their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus 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.