BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Lowers Stake in Osisko Gold Royalties Ltd (NYSE:OR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp trimmed its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,806,408 shares of the basic materials company's stock after selling 196,783 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.97% of Osisko Gold Royalties worth $32,669,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. SBI Securities Co. Ltd. bought a new stake in Osisko Gold Royalties during the 4th quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Osisko Gold Royalties during the 4th quarter valued at about $72,000. Northwest & Ethical Investments L.P. boosted its holdings in shares of Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after acquiring an additional 626 shares during the last quarter. Franklin Resources Inc. boosted its holdings 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 valued at $222,000 after acquiring an additional 534 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the fourth quarter worth approximately $244,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Price Performance

OR traded up $0.57 during trading hours on Friday, hitting $25.43. The company's stock had a trading volume of 1,051,195 shares, compared to its average volume of 747,735. The business's 50-day moving average price is $22.41 and its 200-day moving average price is $20.18. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $25.65. The stock has a market cap of $4.76 billion, a price-to-earnings ratio of 282.56 and a beta of 0.76. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.03. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The company had revenue of $54.92 million for the quarter, compared to analysts' expectations of $79.63 million. 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 declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.055 dividend. This represents a $0.22 annualized dividend and a yield of 0.87%. 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 payout ratio is currently 105.88%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on OR shares. Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price objective for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Raymond James reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Royal Bank of Canada dropped 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 report on Friday, April 4th. Finally, National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus 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.