Horizon Kinetics Asset Management LLC Has $30.05 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Horizon Kinetics Asset Management LLC grew its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 19.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,659,922 shares of the basic materials company's stock after purchasing an additional 267,777 shares during the period. Osisko Gold Royalties makes up approximately 0.4% of Horizon Kinetics Asset Management LLC's investment portfolio, making the stock its 27th largest holding. Horizon Kinetics Asset Management LLC owned 0.89% of Osisko Gold Royalties worth $30,045,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of OR. CIBC Asset Management Inc lifted its position in Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after buying an additional 551,936 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Osisko Gold Royalties by 190.5% in the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock valued at $14,766,000 after acquiring an additional 522,551 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its holdings in Osisko Gold Royalties by 53.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after acquiring an additional 338,354 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Osisko Gold Royalties during the fourth quarter worth about $2,587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Osisko Gold Royalties by 45.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock valued at $7,783,000 after purchasing an additional 131,558 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on OR shares. Scotiabank dropped 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 note on Thursday, February 27th. Royal Bank of Canada boosted their target price 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. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Osisko Gold Royalties currently has a consensus rating of "Hold" and a consensus price target of $22.67.

Osisko Gold Royalties Stock Performance

NYSE:OR traded up $0.27 on Friday, hitting $20.29. The company's stock had a trading volume of 1,525,613 shares, compared to its average volume of 681,078. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $21.29. The firm has a market capitalization of $3.79 billion, a P/E ratio of 225.43 and a beta of 0.96. The stock has a fifty day moving average of $19.05 and a two-hundred day moving average of $19.00. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. Research analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

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.