Invesco Ltd. Sells 508,359 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Invesco Ltd. trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,315,535 shares of the basic materials company's stock after selling 508,359 shares during the quarter. Invesco Ltd. owned approximately 0.70% of Osisko Gold Royalties worth $23,811,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PFG Investments LLC boosted its position in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after buying an additional 527 shares during the period. Addenda Capital Inc. lifted its stake in Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock valued at $694,000 after acquiring an additional 532 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Osisko Gold Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after purchasing an additional 534 shares during the period. Pictet Asset Management Holding SA grew its holdings in Osisko Gold Royalties by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock worth $521,000 after purchasing an additional 564 shares during the period. Finally, Northwest & Ethical Investments L.P. lifted its holdings in Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 626 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on OR shares. Royal Bank of Canada decreased their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research note on Friday, April 4th. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research 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, Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their target price for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $23.00.

Osisko Gold Royalties Stock Up 1.1 %

OR stock traded up $0.26 during trading on Thursday, reaching $23.16. The stock had a trading volume of 184,715 shares, compared to its average volume of 706,909. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $24.18. The company's 50 day moving average is $20.27 and its two-hundred day moving average is $19.63. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 257.28 and a beta of 0.88.

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 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. Equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend was 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.