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Osisko Gold Royalties said on February 23, 2023 that its board of directors declared a regular
quarterly dividend of $0.06 per share ($0.22 annualized).
Previously, the company paid $0.06 per share.
Shares must be purchased before the ex-div date of March 30, 2023 to qualify for the dividend.
Shareholders of record as of March 31, 2023
will receive the payment on April 14, 2023.
At the current share price of $13.49 / share,
the stock’s dividend yield is 1.63%.
Additionally, the company’s dividend payout ratio is -0.34.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 27.21% Upside
As of March 3, 2023,
the average one-year price target for Osisko Gold Royalties is $17.16.
The forecasts range from a low of $13.54 to a high of $19.56.
The average price target represents an increase of 27.21% from its latest reported closing price of $13.49.
The projected annual revenue for Osisko Gold Royalties
is $221MM.
The projected annual non-GAAP EPS
is $0.50.
What is the Fund Sentiment?
There are 239 funds or institutions reporting positions in Osisko Gold Royalties.
This is an increase
of
11
owner(s) or 4.82% in the last quarter.
Average portfolio weight of all funds dedicated to OR is 0.40%,
an increase
of 11.55%.
Total shares owned by institutions decreased
in the last three months by 2.83% to 134,402K shares.
The put/call ratio of OR is 0.23, indicating a
bullish
outlook.
What are large shareholders doing?
EdgePoint Investment Group
holds 21,986K shares
representing 11.94% ownership of the company.
In it’s prior filing, the firm reported owning 21,536K shares, representing
an increase
of 2.04%.
The firm
increased
its portfolio allocation in OR by 14.73% over the last quarter.
Van Eck Associates
holds 18,126K shares
representing 9.84% ownership of the company.
In it’s prior filing, the firm reported owning 18,532K shares, representing
a decrease
of 2.24%.
The firm
increased
its portfolio allocation in OR by 0.68% over the last quarter.
GDX – VanEck Vectors Gold Miners ETF
holds 9,558K shares
representing 5.19% ownership of the company.
In it’s prior filing, the firm reported owning 9,462K shares, representing
an increase
of 1.00%.
The firm
decreased
its portfolio allocation in OR by 6.14% over the last quarter.
Caisse De Depot Et Placement Du Quebec
holds 9,234K shares
representing 5.01% ownership of the company.
In it’s prior filing, the firm reported owning 13,255K shares, representing
a decrease
of 43.55%.
The firm
decreased
its portfolio allocation in OR by 13.41% over the last quarter.
GDXJ – VanEck Vectors Junior Gold Miners ETF
holds 5,981K shares
representing 3.25% ownership of the company.
In it’s prior filing, the firm reported owning 6,333K shares, representing
a decrease
of 5.89%.
The firm
decreased
its portfolio allocation in OR by 9.96% over the last quarter.
Osisko Gold Royalties Background Information
(This description is provided by the company.)
Osisko Gold Royalties Ltd is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 140 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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