Dimensional Fund Advisors LP trimmed its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 806,790 shares of the basic materials company's stock after selling 40,250 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.43% of Osisko Gold Royalties worth $12,570,000 at the end of the most recent quarter.
Several other hedge funds also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its holdings in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 916 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in Osisko Gold Royalties during the fourth quarter valued at $136,000. Corundum Trust Company INC acquired a new stake in shares of Osisko Gold Royalties during the second quarter worth $249,000. Global Assets Advisory LLC bought a new position in shares of Osisko Gold Royalties in the 1st quarter worth about $389,000. Finally, Commonwealth Equity Services LLC boosted its holdings in shares of Osisko Gold Royalties by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company's stock valued at $586,000 after buying an additional 2,182 shares during the period. 68.52% of the stock is owned by institutional investors and hedge funds.
Osisko Gold Royalties Stock Performance
Shares of OR stock traded down $0.24 during trading hours on Friday, reaching $18.61. The stock had a trading volume of 567,983 shares, compared to its average volume of 760,634. The firm has a market capitalization of $3.46 billion, a PE ratio of -88.62 and a beta of 1.04. The firm has a 50-day simple moving average of $17.52 and a 200-day simple moving average of $16.75. Osisko Gold Royalties Ltd has a twelve month low of $11.43 and a twelve month high of $19.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92.
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 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The company had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. As a group, equities analysts forecast that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current year.
Osisko Gold Royalties Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 1.01%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties's payout ratio is currently -90.48%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. TD Securities raised shares of Osisko Gold Royalties to a "strong-buy" rating in a research report on Monday, July 22nd. Royal Bank of Canada dropped their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group raised their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Friday.
Read Our Latest Analysis on OR
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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