Norges Bank bought a new position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 646,012 shares of the basic materials company's stock, valued at approximately $11,683,000. Norges Bank owned about 0.35% of Osisko Gold Royalties as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Osisko Gold Royalties by 45.5% during 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 acquiring an additional 131,558 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Osisko Gold Royalties in the third quarter worth approximately $319,000. Public Employees Retirement System of Ohio bought a new stake in Osisko Gold Royalties in the 3rd quarter worth approximately $852,000. Barclays PLC raised its stake in Osisko Gold Royalties by 16.8% during the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock valued at $2,951,000 after buying an additional 22,898 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Osisko Gold Royalties by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company's stock valued at $1,498,000 after buying an additional 6,251 shares during the period. 68.52% of the stock is owned by hedge funds and other institutional investors.
Osisko Gold Royalties Price Performance
NYSE:OR traded up $0.54 during trading hours on Friday, hitting $22.35. 1,237,484 shares of the stock traded hands, compared to its average volume of 702,136. The stock has a 50 day moving average price of $19.74 and a 200 day moving average price of $19.39. 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 cap of $4.17 billion, a price-to-earnings ratio of 248.32 and a beta of 0.88. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $22.54.
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 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 company had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. Sell-side analysts forecast that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.
Osisko Gold Royalties Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.82%. Osisko Gold Royalties's dividend payout ratio (DPR) is 200.00%.
Analysts Set New Price Targets
OR has been the subject of a number of research reports. Scotiabank reduced their price objective 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. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Finally, 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 report on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $22.33.
Check Out Our Latest Analysis on Osisko Gold Royalties
About Osisko Gold Royalties
(
Free Report)
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.
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