Bessemer Group Inc. Makes New $391,000 Investment in Osisko Gold Royalties Ltd (NYSE:OR)

Bessemer Group Inc. bought a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 21,600 shares of the basic materials company's stock, valued at approximately $391,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OR. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $72,000. Northwest & Ethical Investments L.P. raised its stake in shares of Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 626 shares in the last quarter. Employees Retirement System of Texas bought a new position in Osisko Gold Royalties in the fourth quarter worth $1,306,000. Finally, Franklin Resources Inc. boosted its stake in Osisko Gold Royalties by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after buying an additional 534 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently commented on OR. Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Finally, Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Osisko Gold Royalties Price Performance

Shares of OR traded up $0.27 on Monday, hitting $23.60. The company's stock had a trading volume of 124,859 shares, compared to its average volume of 704,869. The company has a market capitalization of $4.41 billion, a PE ratio of 262.59 and a beta of 0.88. Osisko Gold Royalties Ltd has a fifty-two week low of $15.12 and a fifty-two week high of $24.49. The company has a 50 day moving average price of $20.09 and a 200 day moving average price of $19.55. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.0457 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.

Osisko Gold Royalties 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.