U S Global Investors Inc. Sells 29,783 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

U S Global Investors Inc. decreased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 6.8% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 408,013 shares of the basic materials company's stock after selling 29,783 shares during the period. Osisko Gold Royalties accounts for 0.7% of U S Global Investors Inc.'s investment portfolio, making the stock its 24th largest position. U S Global Investors Inc. owned about 0.22% of Osisko Gold Royalties worth $7,385,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Osisko Gold Royalties in the third quarter worth about $286,000. US Bancorp DE boosted its holdings in Osisko Gold Royalties by 32.1% in the 3rd 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. Principal Financial Group Inc. grew its position in shares of Osisko Gold Royalties by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after purchasing an additional 82,150 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Osisko Gold Royalties during the 3rd quarter valued at $58,000. Finally, Fiera Capital Corp raised its position in shares of Osisko Gold Royalties by 3.7% in the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock worth $14,133,000 after buying an additional 26,917 shares in the last quarter. Institutional investors own 68.52% of the company's stock.

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Analyst Upgrades and Downgrades

OR has been the topic of several recent analyst reports. TD Cowen cut Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada raised their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a research note on Tuesday, February 11th. TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Scotiabank dropped their price objective on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $22.67.

Osisko Gold Royalties Price Performance

OR traded up $0.45 during midday trading on Tuesday, hitting $18.45. The stock had a trading volume of 854,773 shares, compared to its average volume of 643,390. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.29. 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 fifty day moving average of $18.83 and a 200 day moving average of $18.87. The company has a market cap of $3.45 billion, a P/E ratio of 205.04 and a beta of 1.02.

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 analysts' consensus estimates 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%. As a group, equities analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed 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 is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.99%. Osisko Gold Royalties's dividend payout ratio is currently 188.89%.

About Osisko Gold Royalties

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.