Bank of America Corp DE Has $9.65 Million Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Bank of America Corp DE trimmed its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 38.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 533,021 shares of the basic materials company's stock after selling 326,063 shares during the period. Bank of America Corp DE owned approximately 0.29% of Osisko Gold Royalties worth $9,648,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. PFG Investments LLC raised its holdings in Osisko Gold Royalties by 2.2% during the 4th 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 last quarter. Franklin Resources Inc. grew its position in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after buying an additional 534 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Osisko Gold Royalties by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company's stock worth $521,000 after buying an additional 564 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after buying an additional 626 shares during the period. Finally, Lane Generational LLC boosted its stake in Osisko Gold Royalties by 0.3% in the fourth quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company's stock valued at $5,492,000 after acquiring an additional 1,041 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Trading Down 2.2%

Shares of OR traded down $0.55 during trading hours on Tuesday, reaching $24.86. The stock had a trading volume of 876,528 shares, compared to its average volume of 748,251. The company has a market cap of $4.65 billion, a P/E ratio of 276.22 and a beta of 0.76. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $25.65. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average of $22.52 and a 200 day moving average of $20.22.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $79.63 million. 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 Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.055 per share. This represents a $0.22 dividend on an annualized basis and a yield of 0.88%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is presently 105.88%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Royal Bank of Canada dropped their price objective 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. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.