Principal Financial Group Inc. lowered its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 16.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,272,710 shares of the basic materials company's stock after selling 254,400 shares during the period. Principal Financial Group Inc. owned 0.68% of Osisko Gold Royalties worth $23,035,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Capital Performance Advisors LLP acquired a new position in Osisko Gold Royalties during the 3rd quarter valued at approximately $58,000. Icon Wealth Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth $187,000. US Bancorp DE raised its position in shares of Osisko Gold Royalties by 32.1% during the third 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 period. SeaBridge Investment Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the fourth quarter worth $244,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at $286,000. 68.52% of the stock is owned by institutional investors and hedge funds.
Osisko Gold Royalties Trading Down 3.8 %
Shares of Osisko Gold Royalties stock traded down $0.70 during trading on Thursday, hitting $17.94. The company's stock had a trading volume of 877,351 shares, compared to its average volume of 632,004. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 199.30 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties Ltd has a 52 week low of $13.66 and a 52 week high of $21.29. The stock has a 50-day moving average price of $18.84 and a two-hundred day moving average price of $18.83.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted 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 net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. Equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.
Osisko Gold Royalties Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 1.02%. Osisko Gold Royalties's dividend payout ratio is 188.89%.
Wall Street Analyst Weigh In
A number of brokerages have commented on OR. TD Cowen downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Royal Bank of Canada increased their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Tuesday, February 11th. TD Securities downgraded Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Scotiabank lowered their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.67.
Read Our Latest Stock Report on OR
About Osisko Gold Royalties
(
Free Report)
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.
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