Rice Hall James & Associates LLC Has $3.09 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Rice Hall James & Associates LLC reduced its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 17.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 170,426 shares of the basic materials company's stock after selling 35,631 shares during the period. Rice Hall James & Associates LLC owned about 0.09% of Osisko Gold Royalties worth $3,085,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake 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 worth $56,215,000 after purchasing an additional 551,936 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of Osisko Gold Royalties by 190.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock worth $14,766,000 after purchasing an additional 522,551 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of Osisko Gold Royalties by 53.9% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after purchasing an additional 338,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Osisko Gold Royalties by 45.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock worth $7,783,000 after purchasing an additional 131,558 shares in the last quarter. Finally, Anson Funds Management LP raised its stake in shares of Osisko Gold Royalties by 64.3% during the 3rd quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company's stock worth $4,032,000 after purchasing an additional 85,200 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Cowen downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, 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 report on Tuesday, February 11th.

Osisko Gold Royalties Stock Down 2.5 %

Shares of NYSE OR traded down $0.48 during mid-day trading on Friday, reaching $18.57. 1,290,640 shares of the company traded hands, compared to its average volume of 609,954. The stock has a market cap of $3.47 billion, a PE ratio of 206.28 and a beta of 1.02. The company's fifty day moving average is $18.87 and its two-hundred day moving average is $18.75. 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 $13.63 and a fifty-two week high of $21.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, analysts expect that Osisko Gold Royalties Ltd will post 0.63 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is currently 200.00%.

Osisko Gold Royalties 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.