Rice Hall James & Associates LLC Has $3.81 Million Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Rice Hall James & Associates LLC trimmed its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 11.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 206,057 shares of the basic materials company's stock after selling 27,319 shares during the period. Rice Hall James & Associates LLC owned 0.11% of Osisko Gold Royalties worth $3,814,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC raised its stake 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 in the last quarter. Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties during the second quarter valued at approximately $71,000. US Bancorp DE raised its position in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after purchasing an additional 2,584 shares during the period. Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties in the second quarter worth $211,000. Finally, Creekside Partners bought a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth $229,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Stock Performance

NYSE:OR traded up $0.25 during trading hours on Friday, hitting $20.38. 578,777 shares of the company traded hands, compared to its average volume of 501,817. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties Ltd has a twelve month low of $11.89 and a twelve month high of $21.29. The firm has a 50-day moving average of $18.74 and a 200 day moving average of $17.30. The stock has a market capitalization of $3.80 billion, a price-to-earnings ratio of -56.61 and a beta of 1.02.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The business had revenue of $47.39 million during the quarter. On average, analysts forecast that Osisko Gold Royalties Ltd will post 0.48 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.047 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.92%. Osisko Gold Royalties's dividend payout ratio is currently -52.78%.

Wall Street Analyst Weigh In

OR has been the subject of a number of research analyst reports. Royal Bank of Canada cut their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, TD Securities raised Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd.

Osisko Gold Royalties Company 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.