Osisko Gold Royalties Ltd (NYSE:OR – Get Free Report) announced a quarterly dividend on Wednesday, August 9th, Zacks reports. Investors of record on Friday, September 29th will be given a dividend of 0.045 per share by the basic materials company on Monday, October 16th. This represents a $0.18 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Thursday, September 28th. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04.
Osisko Gold Royalties has raised its dividend payment by an average of 3.5% annually over the last three years and has increased its dividend every year for the last 1 years. Osisko Gold Royalties has a dividend payout ratio of 39.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Osisko Gold Royalties to earn $0.52 per share next year, which means the company should continue to be able to cover its $0.18 annual dividend with an expected future payout ratio of 34.6%.
Osisko Gold Royalties Price Performance
OR opened at $13.95 on Friday. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of -33.20 and a beta of 0.74. Osisko Gold Royalties has a 1 year low of $9.19 and a 1 year high of $17.96. The company has a current ratio of 8.82, a quick ratio of 8.82 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $14.98 and a 200 day moving average price of $14.96.
Osisko Gold Royalties (NYSE:OR – Get Free Report) last announced its quarterly earnings results on Wednesday, May 10th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Osisko Gold Royalties had a positive return on equity of 7.12% and a negative net margin of 43.40%. The company had revenue of $44.07 million during the quarter. Analysts forecast that Osisko Gold Royalties will post 0.43 EPS for the current fiscal year.
Institutional Trading of Osisko Gold Royalties
A number of large investors have recently made changes to their positions in OR. Bornite Capital Management LP bought a new position in shares of Osisko Gold Royalties in the 1st quarter valued at about $6,565,000. JPMorgan Chase & Co. increased its stake in Osisko Gold Royalties by 12.9% in the first quarter. JPMorgan Chase & Co. now owns 290,239 shares of the basic materials company’s stock valued at $3,828,000 after acquiring an additional 33,210 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Osisko Gold Royalties during the first quarter worth $6,595,000. Cibc World Market Inc. grew its stake in shares of Osisko Gold Royalties by 61.2% during the first quarter. Cibc World Market Inc. now owns 414,585 shares of the basic materials company’s stock worth $5,468,000 after buying an additional 157,353 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Osisko Gold Royalties by 51.6% during the first quarter. Dimensional Fund Advisors LP now owns 333,993 shares of the basic materials company’s stock worth $4,405,000 after purchasing an additional 113,727 shares during the period. Institutional investors own 56.56% of the company’s stock.
Analyst Upgrades and Downgrades
Separately, TheStreet raised Osisko Gold Royalties from a “d” rating to a “b” rating in a research note on Thursday, May 25th.
Read Our Latest Analysis on OR
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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
Further Reading
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Read More:Osisko Gold Royalties Ltd (NYSE:OR) to Issue Quarterly Dividend of $0.05
2023-08-12 13:50:37
