Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Sprott Inc.

Sprott Inc. decreased its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,399,816 shares of the basic materials company's stock after selling 46,133 shares during the period. Osisko Gold Royalties comprises 3.7% of Sprott Inc.'s portfolio, making the stock its 5th biggest holding. Sprott Inc. owned about 1.82% of Osisko Gold Royalties worth $61,537,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. PFG Investments LLC lifted its stake in Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company's stock worth $449,000 after purchasing an additional 527 shares during the period. Addenda Capital Inc. raised its stake in shares of Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock valued at $694,000 after acquiring an additional 532 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Osisko Gold Royalties by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company's stock valued at $262,000 after acquiring an additional 1,373 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Osisko Gold Royalties by 11.0% in the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company's stock valued at $422,000 after acquiring an additional 2,265 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after acquiring an additional 2,584 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

Remove Ads

Wall Street Analyst Weigh In

OR has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a research note on Thursday. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Royal Bank of Canada raised their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a report on Tuesday, February 11th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.67.

Osisko Gold Royalties Trading Up 2.3 %

Shares of OR traded up $0.41 during trading hours on Friday, reaching $18.33. The stock had a trading volume of 997,320 shares, compared to its average volume of 641,370. 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 52 week low of $13.90 and a 52 week high of $21.29. The firm has a 50-day moving average of $18.83 and a 200 day moving average of $18.84. The company has a market cap of $3.42 billion, a P/E ratio of 203.61 and a beta of 1.02.

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 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million during the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. On average, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal 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 1.00%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's payout ratio is presently 188.89%.

About Osisko Gold Royalties

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.