National Bank of Canada FI Decreases Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

National Bank of Canada FI decreased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 17.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,067,029 shares of the basic materials company's stock after selling 227,526 shares during the quarter. National Bank of Canada FI owned about 0.57% of Osisko Gold Royalties worth $19,332,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of OR. FMR LLC grew its holdings in Osisko Gold Royalties by 1.9% during the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after acquiring an additional 83,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Osisko Gold Royalties by 45.5% in the 3rd 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 buying an additional 131,558 shares during the last quarter. Polar Asset Management Partners Inc. bought a new position in Osisko Gold Royalties during the 3rd quarter valued at $746,000. Stansberry Asset Management LLC boosted its holdings in Osisko Gold Royalties by 2.1% during the 3rd quarter. Stansberry Asset Management LLC now owns 358,853 shares of the basic materials company's stock worth $6,642,000 after acquiring an additional 7,284 shares during the last quarter. Finally, Anson Funds Management LP raised its holdings in shares of Osisko Gold Royalties by 64.3% in the third quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company's stock valued at $4,032,000 after purchasing an additional 85,200 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

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Osisko Gold Royalties Price Performance

OR stock traded up $0.46 during midday trading on Tuesday, reaching $19.94. The company had a trading volume of 164,424 shares, compared to its average volume of 691,179. The firm has a 50-day moving average price of $19.52 and a 200-day moving average price of $19.31. The company has a market capitalization of $3.72 billion, a P/E ratio of 221.52 and a beta of 0.88. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.42. 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 (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. On average, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is presently 200.00%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Royal Bank of Canada reduced their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday. Finally, Scotiabank decreased their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.33.

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.