Renaissance Technologies LLC grew its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 43.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 491,302 shares of the basic materials company's stock after purchasing an additional 149,102 shares during the period. Renaissance Technologies LLC owned approximately 0.26% of Osisko Gold Royalties worth $8,893,000 as of its most recent SEC filing.
Other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership increased its position in shares of Osisko Gold Royalties by 352.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after acquiring an additional 3,194,173 shares during the last quarter. FMR LLC boosted its position in shares of Osisko Gold Royalties by 25.2% during the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after buying an additional 1,128,969 shares during the period. Norges Bank acquired a new stake in shares of Osisko Gold Royalties in the 4th quarter worth approximately $11,683,000. CIBC Asset Management Inc increased its position in shares of Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after purchasing an additional 551,936 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its stake in shares of Osisko Gold Royalties by 19.2% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company's stock worth $30,045,000 after purchasing an additional 267,777 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company's stock.
Osisko Gold Royalties Trading Up 0.9 %
NYSE:OR traded up $0.21 during mid-day trading on Monday, hitting $23.54. The company had a trading volume of 917,491 shares, compared to its average volume of 707,930. The firm has a market cap of $4.40 billion, a P/E ratio of 261.56 and a beta of 0.88. The business's fifty day moving average is $20.09 and its two-hundred day moving average is $19.55. 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 Ltd has a fifty-two week low of $15.12 and a fifty-two week high of $24.49.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last released 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. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The business had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. As a group, research analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.
Osisko Gold Royalties Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.78%. The ex-dividend date was Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.
Analyst Ratings Changes
Several analysts recently commented on the stock. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th. 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 on the stock in a report on Friday, April 4th. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Finally, Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $23.00.
Check Out Our Latest Stock Analysis on Osisko Gold Royalties
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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