Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lowered its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 24.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,286 shares of the basic materials company's stock after selling 37,689 shares during the quarter. Guggenheim Capital LLC owned about 0.06% of Osisko Gold Royalties worth $2,087,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Osisko Gold Royalties during the fourth quarter worth $72,000. Northwest & Ethical Investments L.P. raised its stake in shares of 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 valued at $114,000 after acquiring an additional 626 shares in the last quarter. Employees Retirement System of Texas purchased a new position in Osisko Gold Royalties in the fourth quarter valued at $1,306,000. Finally, Franklin Resources Inc. grew its stake in Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after purchasing an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.

Osisko Gold Royalties Stock Up 0.1 %

Osisko Gold Royalties stock traded up $0.03 during mid-day trading on Friday, hitting $23.40. The company had a trading volume of 364,941 shares, compared to its average volume of 708,592. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $20.34 and a 200 day moving average of $19.66. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 259.83 and a beta of 0.88. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $24.18.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The business had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.0457 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. Osisko Gold Royalties's dividend payout ratio (DPR) is 200.00%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on OR. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Royal Bank of Canada lowered their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the company from $22.00 to $24.00 in a report on Monday, April 14th. Finally, National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $23.00.

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.