Vanguard Group Inc. grew its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 7,208,346 shares of the basic materials company's stock after buying an additional 128,099 shares during the quarter. Vanguard Group Inc. owned 3.86% of Osisko Gold Royalties worth $130,529,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. purchased a new stake in Osisko Gold Royalties in the fourth quarter valued at $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in Osisko Gold Royalties during the 4th quarter worth approximately $72,000. Northwest & Ethical Investments L.P. increased its position in Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after buying an additional 626 shares during the period. SeaBridge Investment Advisors LLC acquired a new position in Osisko Gold Royalties during the fourth quarter worth approximately $244,000. Finally, Bank of New York Mellon Corp lifted its stake in 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 buying an additional 1,373 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on the stock. Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Royal Bank of Canada lowered their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research 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, Scotiabank lowered their price target on Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating on the stock in a report on Thursday, February 27th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.33.
Check Out Our Latest Stock Report on Osisko Gold Royalties
Osisko Gold Royalties Stock Performance
OR traded up $0.54 during trading on Friday, hitting $22.35. The stock had a trading volume of 1,237,484 shares, compared to its average volume of 702,136. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $22.54. The firm has a market capitalization of $4.17 billion, a P/E ratio of 248.32 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company's 50-day moving average price is $19.74 and its 200 day moving average price is $19.39.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued 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 business had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. On average, equities research analysts forecast 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 issued a dividend of $0.0457 per share. This represents a $0.18 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is presently 200.00%.
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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