Global Alpha Capital Management Ltd. Cuts Position in Osisko Gold Royalties Ltd (NYSE:OR)

Global Alpha Capital Management Ltd. trimmed its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 16.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 947,222 shares of the basic materials company's stock after selling 189,600 shares during the period. Global Alpha Capital Management Ltd. owned 0.51% of Osisko Gold Royalties worth $17,131,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. PFG Investments LLC grew its stake in shares of Osisko Gold Royalties by 2.2% during 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 period. Addenda Capital Inc. lifted its holdings in Osisko Gold Royalties by 1.4% during 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 during the last quarter. Bank of New York Mellon Corp boosted its position in Osisko Gold Royalties by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock worth $262,000 after purchasing an additional 1,373 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Osisko Gold Royalties by 0.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 348,043 shares of the basic materials company's stock worth $6,299,000 after purchasing an additional 1,502 shares in the last quarter. Finally, Moors & Cabot Inc. increased its stake in shares of Osisko Gold Royalties by 11.0% in the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company's stock worth $422,000 after purchasing an additional 2,265 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research analysts recently commented on OR shares. Scotiabank cut 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. Royal Bank of Canada boosted their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $22.67.

Osisko Gold Royalties Stock Performance

OR stock traded up $1.11 during midday trading on Tuesday, reaching $19.06. 1,010,091 shares of the company's stock traded hands, compared to its average volume of 773,393. The firm has a market capitalization of $3.56 billion, a PE ratio of 211.72 and a beta of 0.96. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $21.29. The company has a 50-day moving average price of $18.86 and a two-hundred day moving average price of $18.91. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $56.74 million for 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 anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently declared 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 of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.96%. Osisko Gold Royalties's payout ratio is currently 200.00%.

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.