Scheer Rowlett & Associates Investment Management Ltd. Purchases 14,332 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 980,133 shares of the basic materials company's stock after buying an additional 14,332 shares during the period. Osisko Gold Royalties makes up about 1.3% of Scheer Rowlett & Associates Investment Management Ltd.'s portfolio, making the stock its 24th largest position. Scheer Rowlett & Associates Investment Management Ltd. owned approximately 0.53% of Osisko Gold Royalties worth $17,726,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. FMR LLC grew its stake in shares of Osisko Gold Royalties by 1.9% in the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after acquiring an additional 83,799 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Osisko Gold Royalties by 21.6% in 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 acquiring an additional 551,936 shares in the last quarter. Principal Financial Group Inc. grew its stake in shares of Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after acquiring an additional 82,150 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Osisko Gold Royalties by 190.5% in 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 acquiring an additional 522,551 shares in the last quarter. Finally, Fiera Capital Corp grew its stake in shares of Osisko Gold Royalties by 3.7% in the 3rd quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock worth $14,133,000 after acquiring an additional 26,917 shares in the last quarter. Institutional investors own 68.52% of the company's stock.

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Analyst Ratings Changes

Several equities analysts recently weighed in on OR shares. Scotiabank reduced their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada increased their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.67.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock traded down $0.05 on Wednesday, reaching $19.00. The stock had a trading volume of 686,757 shares, compared to its average volume of 771,216. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.29. The company has a market cap of $3.55 billion, a P/E ratio of 211.06 and a beta of 0.96. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The business's 50 day moving average is $18.86 and its two-hundred day moving average is $18.91.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $68.31 million. As a group, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The business also recently announced 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. This represents a $0.18 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio 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.