Bank of America Corp DE Sells 326,063 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Bank of America Corp DE trimmed its stake in 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 (SEC). The firm 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 about 0.29% of Osisko Gold Royalties worth $9,648,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Osisko Gold Royalties during the 4th quarter worth about $72,000. Northwest & Ethical Investments L.P. lifted its position in shares of 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 purchasing an additional 626 shares in the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Osisko Gold Royalties in the 4th quarter valued at $1,306,000. Finally, Franklin Resources Inc. increased its position in Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock worth $222,000 after purchasing an additional 534 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Up 0.4%

NYSE OR traded up $0.10 during trading hours on Thursday, hitting $25.23. 713,754 shares of the company traded hands, compared to its average volume of 748,419. 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 business's 50-day moving average is $22.80 and its 200-day moving average is $20.33. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 280.33 and a beta of 0.76. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $25.65.

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

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.22 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Monday, June 30th. Osisko Gold Royalties's dividend payout ratio is 105.88%.

Analysts Set New Price Targets

OR has been the subject of a number of analyst reports. Raymond James restated an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped their price target for the stock from $22.00 to $24.00 in a research report on Monday, April 14th. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Finally, Royal Bank of Canada cut 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. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Osisko Gold Royalties presently has an average rating of "Moderate Buy" and an average 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.