Amundi lowered its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 869,495 shares of the basic materials company's stock after selling 48,838 shares during the quarter. Amundi owned about 0.47% of Osisko Gold Royalties worth $16,173,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in OR. PFG Investments LLC grew its position in Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after buying an additional 527 shares in the last quarter. Addenda Capital Inc. grew its holdings in shares of Osisko Gold Royalties by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock worth $694,000 after purchasing an additional 532 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Osisko Gold Royalties by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock worth $262,000 after purchasing an additional 1,373 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Osisko Gold Royalties by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 348,043 shares of the basic materials company's stock valued at $6,299,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Moors & Cabot Inc. lifted its position in Osisko Gold Royalties by 11.0% during the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company's stock valued at $422,000 after purchasing an additional 2,265 shares during the last quarter. Institutional investors own 68.52% of the company's stock.
Osisko Gold Royalties Trading Up 1.8 %
Shares of Osisko Gold Royalties stock traded up $0.35 during trading on Friday, reaching $19.75. The company's stock had a trading volume of 955,361 shares, compared to its average volume of 791,307. 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 $15.12 and a 52-week high of $21.29. The firm's 50-day moving average is $18.89 and its two-hundred day moving average is $18.92. The company has a market cap of $3.69 billion, a price-to-earnings ratio of 219.39 and a beta of 0.96.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. On average, sell-side analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.
Osisko Gold Royalties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.93%. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a report on Tuesday, February 11th. Scotiabank lowered their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Osisko Gold Royalties has an average rating of "Hold" and an average target price of $22.67.
View Our Latest Stock Report on OR
About Osisko Gold Royalties
(
Free Report)
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.
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