Osisko Gold Royalties Ltd (NYSE:OR) Holdings Reduced by American Century Companies Inc.

American Century Companies Inc. trimmed its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 5.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 537,440 shares of the basic materials company's stock after selling 28,868 shares during the period. American Century Companies Inc. owned approximately 0.29% of Osisko Gold Royalties worth $9,728,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. PFG Investments LLC increased its holdings in Osisko Gold Royalties by 2.2% during the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after purchasing an additional 527 shares during the last quarter. Addenda Capital Inc. increased its stake in shares of Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock worth $694,000 after buying an additional 532 shares during the last quarter. Northwest & Ethical Investments L.P. raised its holdings in 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 acquiring an additional 626 shares in the last quarter. Lane Generational LLC boosted its stake in Osisko Gold Royalties by 0.3% during the 4th quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company's stock valued at $5,492,000 after acquiring an additional 1,041 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Osisko Gold Royalties by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock worth $262,000 after acquiring an additional 1,373 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

OR has been the topic of a number of recent analyst reports. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday. National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Royal Bank of Canada decreased their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday. Finally, Scotiabank lowered their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $22.33.

Osisko Gold Royalties Stock Performance

OR traded down $0.34 on Monday, hitting $19.47. 830,546 shares of the company's stock were exchanged, compared to its average volume of 693,253. 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 stock has a fifty day moving average of $19.52 and a two-hundred day moving average of $19.31. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $21.42. The firm has a market cap of $3.64 billion, a PE ratio of 216.37 and a beta of 0.88.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The business had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

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 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.