Arrowstreet Capital Limited Partnership Raises Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Arrowstreet Capital Limited Partnership increased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 352.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,099,521 shares of the basic materials company's stock after acquiring an additional 3,194,173 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 2.20% of Osisko Gold Royalties worth $74,160,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. PFG Investments LLC increased its stake in Osisko Gold Royalties by 2.2% in the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after acquiring an additional 527 shares during the last quarter. Addenda Capital Inc. grew its holdings in shares of 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 purchasing an additional 532 shares in the last quarter. Pictet Asset Management Holding SA increased its position in Osisko Gold Royalties by 2.0% in 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 last quarter. Northwest & Ethical Investments L.P. increased its position in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after purchasing an additional 626 shares during the last quarter. Finally, Lane Generational LLC raised its stake in Osisko Gold Royalties by 0.3% during the fourth quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company's stock valued at $5,492,000 after purchasing an additional 1,041 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Royal Bank of Canada dropped 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 note on Friday. Scotiabank dropped their price target 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 equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $22.33.

Osisko Gold Royalties Trading Down 5.5 %

OR stock traded down $1.15 during mid-day trading on Friday, reaching $19.83. 1,460,067 shares of the stock traded hands, compared to its average volume of 692,204. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $21.42. The stock has a market capitalization of $3.70 billion, a PE ratio of 220.37 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The business has a 50-day moving average price of $19.49 and a two-hundred day moving average price of $19.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $68.31 million. Equities research analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

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

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.