PCJ Investment Counsel Ltd. Has $2.81 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

PCJ Investment Counsel Ltd. lessened its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 33.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 155,280 shares of the basic materials company's stock after selling 76,890 shares during the quarter. PCJ Investment Counsel Ltd. owned approximately 0.08% of Osisko Gold Royalties worth $2,808,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in Osisko Gold Royalties in the 3rd quarter valued at approximately $58,000. SBI Securities Co. Ltd. acquired a new stake in Osisko Gold Royalties in the 4th quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Osisko Gold Royalties during the 4th quarter worth approximately $72,000. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth approximately $187,000. Finally, US Bancorp DE increased its position in shares of Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock worth $197,000 after purchasing an additional 2,584 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR traded down $0.05 during midday trading on Wednesday, hitting $19.00. 686,757 shares of the company's stock were exchanged, compared to its average volume of 771,216. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $21.29. The company's 50 day moving average price is $18.86 and its 200 day moving average price is $18.91. The firm has a market capitalization of $3.55 billion, a PE ratio of 211.06 and a beta of 0.96.

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Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. As a group, analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.0457 per share. The ex-dividend date is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.96%. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

OR has been the topic of several recent analyst reports. Royal Bank of Canada boosted their price target on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Scotiabank lowered their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.67.

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.