Osisko Gold Royalties Ltd (NYSE:OR) Holdings Lifted by CIBC Asset Management Inc

CIBC Asset Management Inc boosted its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 21.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,111,398 shares of the basic materials company's stock after buying an additional 551,936 shares during the quarter. CIBC Asset Management Inc owned 1.67% of Osisko Gold Royalties worth $56,215,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in Osisko Gold Royalties by 1.9% in the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after buying an additional 83,799 shares in the last quarter. Principal Financial Group Inc. lifted its holdings 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 worth $28,316,000 after buying an additional 82,150 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its holdings in Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after buying an additional 338,354 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Osisko Gold Royalties by 190.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock worth $14,766,000 after buying an additional 522,551 shares in the last quarter. Finally, Fiera Capital Corp lifted its holdings in Osisko Gold Royalties by 3.7% in the 3rd quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock worth $14,133,000 after buying an additional 26,917 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

Analyst Ratings Changes

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

Osisko Gold Royalties Stock Down 2.6 %

Shares of Osisko Gold Royalties stock traded down $0.50 during trading on Thursday, reaching $19.01. The company had a trading volume of 1,362,652 shares, compared to its average volume of 589,329. The company has a market cap of $3.55 billion, a price-to-earnings ratio of -90.50 and a beta of 1.02. The firm's fifty day moving average is $18.88 and its 200-day moving average is $18.75. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a negative net margin of 22.04% and a positive return on equity of 7.27%. On average, analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 EPS 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. Investors of record on Monday, March 31st will be paid 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 0.96%. Osisko Gold Royalties's dividend payout ratio (DPR) is -85.71%.

About Osisko Gold Royalties

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.