Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by EdgePoint Investment Group Inc.

EdgePoint Investment Group Inc. decreased its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,485,775 shares of the basic materials company's stock after selling 855,088 shares during the period. Osisko Gold Royalties comprises approximately 3.2% of EdgePoint Investment Group Inc.'s portfolio, making the stock its 17th largest position. EdgePoint Investment Group Inc. owned 12.05% of Osisko Gold Royalties worth $406,659,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of OR. SBI Securities Co. Ltd. purchased a new position in Osisko Gold Royalties in the fourth quarter valued at $57,000. CIBC Asset Management Inc raised its position in shares of Osisko Gold Royalties by 21.6% during 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. JPMorgan Chase & Co. lifted its stake in Osisko Gold Royalties by 20.4% during the fourth quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock worth $369,000 after purchasing an additional 3,455 shares during the last quarter. Principal Financial Group Inc. boosted 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 valued at $28,316,000 after purchasing an additional 82,150 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock valued at $130,529,000 after purchasing an additional 128,099 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Performance

NYSE OR traded down $0.55 during trading on Wednesday, reaching $22.69. The company's stock had a trading volume of 768,703 shares, compared to its average volume of 729,468. The business's fifty day moving average price is $21.62 and its 200-day moving average price is $19.99. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $24.70. 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 firm has a market cap of $4.24 billion, a price-to-earnings ratio of 252.11 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. As a group, analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.055 per share. This represents a $0.22 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Monday, June 30th. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio is 105.88%.

Analyst Upgrades and Downgrades

OR has been the subject of several research analyst reports. Royal Bank of Canada lowered their target price on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a 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. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Scotiabank upgraded Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties has an average rating of "Moderate Buy" and a consensus target price of $23.00.

Osisko Gold Royalties Company 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.