FMR LLC raised its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 25.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,613,898 shares of the basic materials company's stock after acquiring an additional 1,128,969 shares during the period. FMR LLC owned approximately 3.01% of Osisko Gold Royalties worth $101,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties during the 4th quarter worth about $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $72,000. Northwest & Ethical Investments L.P. grew its stake 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 valued at $114,000 after buying an additional 626 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of 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 buying an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC bought a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $244,000. 68.52% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
OR has been the topic of a number of recent analyst reports. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Royal Bank of Canada reduced their target price 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. Finally, National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of "Moderate Buy" and an average target price of $23.00.
Check Out Our Latest Analysis on Osisko Gold Royalties
Osisko Gold Royalties Stock Down 1.6 %
NYSE:OR traded down $0.37 during trading hours on Friday, reaching $23.35. The company's stock had a trading volume of 681,638 shares, compared to its average volume of 706,191. 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 company has a market capitalization of $4.37 billion, a P/E ratio of 259.40 and a beta of 0.88. The stock has a 50 day moving average price of $20.09 and a two-hundred day moving average price of $19.54. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $24.07.
Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.
Osisko Gold Royalties Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. Osisko Gold Royalties's payout ratio is 200.00%.
Osisko Gold Royalties Company Profile
(
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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