Bornite Capital Management LP Has $27.15 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Bornite Capital Management LP raised its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 15.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,500,000 shares of the basic materials company's stock after buying an additional 204,000 shares during the period. Osisko Gold Royalties comprises about 3.7% of Bornite Capital Management LP's investment portfolio, making the stock its 9th biggest holding. Bornite Capital Management LP owned 0.80% of Osisko Gold Royalties worth $27,150,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Osisko Gold Royalties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock worth $130,529,000 after buying an additional 128,099 shares during the last quarter. FMR LLC increased its holdings in shares of Osisko Gold Royalties by 1.9% during the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after purchasing an additional 83,799 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Osisko Gold Royalties by 352.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after buying an additional 3,194,173 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after buying an additional 551,936 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its position in Osisko Gold Royalties by 19.2% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company's stock worth $30,045,000 after buying an additional 267,777 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

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Osisko Gold Royalties Trading Up 2.6 %

Shares of Osisko Gold Royalties stock traded up $0.50 during trading on Wednesday, hitting $19.74. 362,753 shares of the company were exchanged, compared to its average volume of 691,996. The firm has a market capitalization of $3.69 billion, a P/E ratio of 219.26 and a beta of 0.88. The firm's fifty day moving average price is $19.54 and its 200 day moving average price is $19.31. 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 Ltd has a 1-year low of $15.12 and a 1-year high of $21.42.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. As a group, sell-side analysts expect 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 declared 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. The ex-dividend date is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.93%. Osisko Gold Royalties's dividend payout ratio is 200.00%.

Analysts Set New Price Targets

OR has been the topic of a number of research reports. Scotiabank lowered their price objective 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. Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a report 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, Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Osisko Gold Royalties currently has an average rating of "Moderate Buy" and an average price target of $22.33.

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.