Fiera Capital Corp Buys 26,917 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Fiera Capital Corp grew its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 3.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 762,075 shares of the basic materials company's stock after purchasing an additional 26,917 shares during the period. Fiera Capital Corp owned about 0.41% of Osisko Gold Royalties worth $14,133,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OR. Price T Rowe Associates Inc. MD purchased a new stake in shares of Osisko Gold Royalties during the first quarter valued at $109,825,000. Bornite Capital Management LP purchased a new stake in shares of Osisko Gold Royalties during the first quarter valued at $33,370,000. Mackenzie Financial Corp lifted its holdings in shares of Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company's stock valued at $30,827,000 after purchasing an additional 1,391,005 shares during the last quarter. Millennium Management LLC lifted its stake in Osisko Gold Royalties by 20.5% in the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company's stock worth $102,631,000 after acquiring an additional 1,122,653 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in Osisko Gold Royalties in the 1st quarter worth about $15,973,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Down 1.5 %

Shares of Osisko Gold Royalties stock traded down $0.30 during trading on Friday, hitting $20.24. 456,882 shares of the stock traded hands, compared to its average volume of 503,996. The stock has a market cap of $3.78 billion, a P/E ratio of -96.38 and a beta of 1.03. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties Ltd has a twelve month low of $11.89 and a twelve month high of $21.29. The company has a fifty day moving average price of $19.02 and a two-hundred day moving average price of $17.45.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.01. The business had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 7.25% and a negative net margin of 22.04%. Equities research analysts predict that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.048 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -90.48%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on OR shares. TD Securities raised Osisko Gold Royalties to a "strong-buy" rating in a research note on Monday, July 22nd. Royal Bank of Canada reduced their price objective on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group increased their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th.

Osisko Gold Royalties 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.