Cannell & Co. Sells 72,514 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Cannell & Co. trimmed its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 19.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 304,743 shares of the basic materials company's stock after selling 72,514 shares during the period. Cannell & Co. owned about 0.16% of Osisko Gold Royalties worth $4,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Van ECK Associates Corp lifted its stake in Osisko Gold Royalties by 1.0% in the 4th quarter. Van ECK Associates Corp now owns 20,266,313 shares of the basic materials company's stock valued at $289,402,000 after buying an additional 202,007 shares in the last quarter. Intact Investment Management Inc. raised its holdings in Osisko Gold Royalties by 14.7% in the fourth quarter. Intact Investment Management Inc. now owns 745,040 shares of the basic materials company's stock valued at $10,633,000 after buying an additional 95,600 shares during the period. Acuitas Investments LLC increased its holdings in Osisko Gold Royalties by 15.2% in the 4th quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company's stock valued at $3,590,000 after purchasing an additional 33,198 shares in the last quarter. HTLF Bank acquired a new position in shares of Osisko Gold Royalties during the fourth quarter worth about $162,000. Finally, Mackenzie Financial Corp boosted its position in shares of Osisko Gold Royalties by 26.7% in the fourth quarter. Mackenzie Financial Corp now owns 678,575 shares of the basic materials company's stock worth $9,689,000 after buying an additional 142,970 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Price Performance

OR stock traded up $0.11 on Thursday, hitting $15.60. 380,407 shares of the company's stock traded hands, compared to its average volume of 857,269. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of -81.63 and a beta of 1.00. Osisko Gold Royalties Ltd has a 1-year low of $11.24 and a 1-year high of $17.96. The stock has a fifty day moving average of $15.74 and a 200-day moving average of $14.46. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. On average, analysts forecast that Osisko Gold Royalties Ltd will post 0.45 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.14%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.04. Osisko Gold Royalties's dividend payout ratio is currently -94.74%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group boosted their price target on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a "hold" rating in a research note on Monday, April 22nd.

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.