Acuitas Investments LLC Sells 28,088 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Acuitas Investments LLC cut its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 21.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 104,441 shares of the basic materials company's stock after selling 28,088 shares during the quarter. Acuitas Investments LLC owned about 0.06% of Osisko Gold Royalties worth $1,890,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in OR. Fiera Capital Corp lifted its position in Osisko Gold Royalties by 3.7% during the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock worth $14,133,000 after acquiring an additional 26,917 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new stake in Osisko Gold Royalties during the 3rd quarter worth approximately $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Osisko Gold Royalties by 45.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock worth $7,783,000 after purchasing an additional 131,558 shares during the last quarter. Principal Financial Group Inc. boosted its stake in Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after purchasing an additional 82,150 shares during the period. Finally, Anson Funds Management LP grew its holdings in Osisko Gold Royalties by 64.3% in the 3rd quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company's stock valued at $4,032,000 after buying an additional 85,200 shares in the last quarter. Institutional investors own 68.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on OR. Royal Bank of Canada lifted their target price on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR traded down $0.48 during trading on Friday, reaching $18.57. 1,290,640 shares of the company traded hands, compared to its average volume of 609,954. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 52 week low of $13.63 and a 52 week high of $21.29. The firm has a market capitalization of $3.47 billion, a PE ratio of 206.28 and a beta of 1.02. The company's 50 day moving average is $18.87 and its two-hundred day moving average is $18.75.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. As a group, sell-side analysts predict that Osisko Gold Royalties Ltd will post 0.63 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.0457 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.98%. 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.