Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 15.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 855,371 shares of the basic materials company's stock after purchasing an additional 114,983 shares during the quarter. Montrusco Bolton Investments Inc. owned 0.46% of Osisko Gold Royalties worth $12,267,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Van ECK Associates Corp increased its holdings in shares of Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company's stock worth $235,755,000 after buying an additional 810,979 shares in the last quarter. Fiera Capital Corp boosted its stake in shares of Osisko Gold Royalties by 102.5% during the fourth quarter. Fiera Capital Corp now owns 1,068,769 shares of the basic materials company's stock valued at $15,303,000 after purchasing an additional 540,915 shares in the last quarter. U S Global Investors Inc. grew its holdings in shares of Osisko Gold Royalties by 58.8% during the fourth quarter. U S Global Investors Inc. now owns 469,455 shares of the basic materials company's stock worth $6,704,000 after purchasing an additional 173,909 shares during the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Osisko Gold Royalties in the third quarter valued at approximately $1,767,000. Finally, Mackenzie Financial Corp raised its holdings in Osisko Gold Royalties by 26.7% in the 4th quarter. Mackenzie Financial Corp now owns 678,575 shares of the basic materials company's stock valued at $9,689,000 after buying an additional 142,970 shares during the last quarter. Institutional investors own 68.52% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group lifted their price objective 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 Trading Up 2.1 %

Osisko Gold Royalties stock traded up $0.35 during trading hours on Friday, reaching $16.65. The company had a trading volume of 642,539 shares, compared to its average volume of 513,846. The company has a debt-to-equity ratio of 0.09, a current ratio of 4.95 and a quick ratio of 4.95. Osisko Gold Royalties Ltd has a 12-month low of $11.24 and a 12-month high of $16.81. The company has a 50-day moving average price of $16.02 and a 200 day moving average price of $14.76. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of -79.29 and a beta of 1.00.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.11 by $0.01. The company had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%. Equities analysts forecast that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.047 dividend. The ex-dividend date of this dividend is Friday, June 28th. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.04. This represents a $0.19 annualized dividend and a yield of 1.13%. Osisko Gold Royalties's payout ratio is -85.71%.

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.