Osisko Gold Royalties Ltd (NYSE:OR) Shares Purchased by Barclays PLC

Barclays PLC lifted its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 88.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 301,170 shares of the basic materials company's stock after purchasing an additional 141,762 shares during the quarter. Barclays PLC owned about 0.16% of Osisko Gold Royalties worth $5,451,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership boosted its position in Osisko Gold Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock valued at $74,160,000 after buying an additional 3,194,173 shares during the last quarter. FMR LLC lifted its position in 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 valued at $101,659,000 after purchasing an additional 1,128,969 shares during the period. Norges Bank acquired a new stake in Osisko Gold Royalties during the 4th quarter worth about $11,683,000. CIBC Asset Management Inc lifted its holdings 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 valued at $56,215,000 after buying an additional 551,936 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its holdings in Osisko Gold Royalties by 19.2% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company's stock worth $30,045,000 after acquiring an additional 267,777 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR traded down $0.70 during trading on Thursday, reaching $23.33. The stock had a trading volume of 397,628 shares, compared to its average volume of 714,789. The business has a fifty day moving average price of $20.70 and a 200-day moving average price of $19.79. 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 stock has a market cap of $4.36 billion, a PE ratio of 259.34 and a beta of 0.88. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $24.18.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share 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 analyst estimates of $68.31 million. On average, equities analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.0457 per share. The ex-dividend date was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. Osisko Gold Royalties's payout ratio is 200.00%.

Analysts Set New Price Targets

OR has been the topic of several recent research reports. Royal Bank of Canada lowered their price objective on 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. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Finally, National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.00.

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.