T. Rowe Price Investment Management Inc. Sells 106,508 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

T. Rowe Price Investment Management Inc. reduced its stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,216,274 shares of the basic materials company's stock after selling 106,508 shares during the quarter. T. Rowe Price Investment Management Inc. owned 1.19% of Osisko Gold Royalties worth $40,115,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Barclays PLC raised its stake in Osisko Gold Royalties by 16.8% in the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock worth $2,951,000 after purchasing an additional 22,898 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Osisko Gold Royalties by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company's stock valued at $1,498,000 after purchasing an additional 6,251 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Osisko Gold Royalties by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after purchasing an additional 82,150 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Osisko Gold Royalties by 58.2% during the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company's stock valued at $314,000 after buying an additional 6,237 shares during the last quarter. Finally, Addenda Capital Inc. boosted its holdings in Osisko Gold Royalties by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company's stock worth $694,000 after purchasing an additional 532 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Price Performance

Shares of OR traded down $0.36 during mid-day trading on Friday, hitting $23.10. The company's stock had a trading volume of 176,652 shares, compared to its average volume of 715,154. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a 50-day simple moving average of $20.80 and a 200 day simple moving average of $19.82. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $24.18. The firm has a market capitalization of $4.32 billion, a P/E ratio of 256.53 and a beta of 0.88.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. 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 paid a $0.0457 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.79%. Osisko Gold Royalties's payout ratio is 200.00%.

Analyst Ratings Changes

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

About Osisko Gold Royalties

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.