EdgePoint Investment Group Inc. reduced its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 3.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,485,775 shares of the basic materials company's stock after selling 855,088 shares during the quarter. Osisko Gold Royalties comprises 3.2% of EdgePoint Investment Group Inc.'s holdings, making the stock its 17th biggest position. EdgePoint Investment Group Inc. owned 12.05% of Osisko Gold Royalties worth $406,659,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Barclays PLC boosted its holdings in shares of Osisko Gold Royalties by 16.8% in the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock valued at $2,951,000 after buying an additional 22,898 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Osisko Gold Royalties by 8.4% in the third quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company's stock worth $1,498,000 after acquiring an additional 6,251 shares during the period. Principal Financial Group Inc. increased its holdings in Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after purchasing an additional 82,150 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Osisko Gold Royalties by 58.2% during the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company's stock valued at $314,000 after acquiring an additional 6,237 shares in the last quarter. Finally, Addenda Capital Inc. grew its holdings in Osisko Gold Royalties by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock worth $694,000 after buying an additional 532 shares in the last quarter. 68.52% of the stock is owned by institutional investors.
Osisko Gold Royalties Stock Performance
Shares of OR stock traded up $0.59 during mid-day trading on Friday, hitting $24.30. 1,070,230 shares of the stock were exchanged, compared to its average volume of 724,870. Osisko Gold Royalties Ltd has a 12-month low of $15.12 and a 12-month high of $24.70. The stock has a market capitalization of $4.54 billion, a price-to-earnings ratio of 270.00 and a beta of 0.76. The stock's fifty day simple moving average is $21.46 and its two-hundred day simple moving average is $19.95. 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 (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, analysts forecast that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.
Osisko Gold Royalties Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties's payout ratio is currently 200.00%.
Analyst Ratings Changes
A number of research analysts have recently commented on the company. National Bankshares reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a report on Friday, April 4th. Finally, Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Osisko Gold Royalties has a consensus rating of "Moderate Buy" and an average price target of $23.00.
Check Out Our Latest Stock Analysis on OR
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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