Connor Clark & Lunn Investment Management Ltd. Sells 156,871 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Connor Clark & Lunn Investment Management Ltd. decreased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,869,300 shares of the basic materials company's stock after selling 156,871 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 1.54% of Osisko Gold Royalties worth $51,892,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of OR. SBI Securities Co. Ltd. bought a new stake in Osisko Gold Royalties during the fourth quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Osisko Gold Royalties during the 4th quarter worth $72,000. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties in the 3rd quarter worth $187,000. US Bancorp DE raised its holdings in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after purchasing an additional 2,584 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC bought a new position in shares of Osisko Gold Royalties during the fourth quarter valued at about $244,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock traded up $0.33 on Friday, reaching $19.73. 662,585 shares of the company traded hands, compared to its average volume of 784,889. The company has a 50 day moving average of $18.89 and a 200 day moving average of $18.92. 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 52 week low of $15.12 and a 52 week high of $21.29. The firm has a market capitalization of $3.68 billion, a PE ratio of 218.72 and a beta of 0.96.

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Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Equities analysts forecast 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 announced 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 dividend on an annualized basis and a yield of 0.93%. Osisko Gold Royalties's dividend payout ratio is presently 200.00%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on OR shares. Royal Bank of Canada increased their price objective 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. Scotiabank dropped their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $22.67.

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.