Osisko Gold Royalties Ltd (NYSE:OR) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 872,588 shares of the basic materials company's stock after acquiring an additional 11,088 shares during the quarter. Dimensional Fund Advisors LP owned 0.47% of Osisko Gold Royalties worth $15,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OR. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter valued at $57,000. CIBC Asset Management Inc increased its stake in shares of Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock worth $56,215,000 after purchasing an additional 551,936 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Osisko Gold Royalties by 20.4% in the fourth quarter. JPMorgan Chase & Co. now owns 20,402 shares of the basic materials company's stock valued at $369,000 after buying an additional 3,455 shares during the last quarter. Principal Financial Group Inc. raised its position in shares of Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after purchasing an additional 82,150 shares during the period. Finally, Vanguard Group Inc. boosted its stake in Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock valued at $130,529,000 after purchasing an additional 128,099 shares during the period. Hedge funds and other institutional investors own 68.52% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on OR. Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 23rd. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and raised their price target for the stock from $22.00 to $24.00 in a report on Monday, April 14th. Finally, Royal Bank of Canada cut their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a report on Friday, April 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $23.00.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR traded up $0.59 during trading on Friday, hitting $24.30. 1,070,230 shares of the company's stock were exchanged, compared to its average volume of 724,870. The company has a market cap of $4.54 billion, a price-to-earnings ratio of 270.00 and a beta of 0.76. The business's 50-day simple moving average is $21.46 and its 200 day simple moving average is $19.96. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $24.70.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.16 EPS 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 business had revenue of $54.92 million during the quarter, compared to the consensus estimate of $79.63 million. As a group, equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is presently 200.00%.

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.