Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Bank of Montreal Can

Bank of Montreal Can cut its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,428,646 shares of the basic materials company's stock after selling 683,041 shares during the quarter. Bank of Montreal Can owned 1.30% of Osisko Gold Royalties worth $43,922,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in Osisko Gold Royalties in the fourth quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $72,000. Northwest & Ethical Investments L.P. boosted its holdings in Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after buying an additional 626 shares in the last quarter. Franklin Resources Inc. increased its holdings in Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after buying an additional 534 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC acquired a new position in Osisko Gold Royalties during the fourth quarter worth $244,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Trading Up 2.1 %

Shares of Osisko Gold Royalties stock traded up $0.48 during trading hours on Tuesday, reaching $23.24. 186,259 shares of the company's stock were exchanged, compared to its average volume of 841,224. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 258.27 and a beta of 0.88. The company has a fifty day moving average of $19.80 and a 200-day moving average of $19.42. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $23.53.

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, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is 200.00%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on OR. Raymond James reissued 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 research report on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on 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. Finally, Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and lifted their price objective for the stock from $22.00 to $24.00 in a research report on Monday. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $23.00.

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.