Parvin Asset Management LLC Takes $1.64 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Parvin Asset Management LLC bought a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 90,725 shares of the basic materials company's stock, valued at approximately $1,642,000. Osisko Gold Royalties makes up about 1.7% of Parvin Asset Management LLC's holdings, making the stock its 6th largest position.

A number of other institutional investors have also recently added to or reduced their stakes in OR. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties during the 4th quarter worth approximately $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Osisko Gold Royalties during the 4th quarter worth about $72,000. Northwest & Ethical Investments L.P. increased its stake in 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 worth $114,000 after purchasing an additional 626 shares during the period. Franklin Resources Inc. boosted its stake 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 valued at $222,000 after purchasing an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $244,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Stock Up 1.6 %

Osisko Gold Royalties stock traded up $0.38 during mid-day trading on Monday, hitting $23.49. The company had a trading volume of 224,978 shares, compared to its average volume of 716,728. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $24.18. The business has a fifty day moving average of $20.89 and a 200 day moving average of $19.84. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 261.00 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating 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 company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. On average, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed 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 0.78%. The ex-dividend date was Monday, March 31st. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.

Analyst Ratings Changes

A number of research firms have recently weighed in on OR. Royal Bank of Canada cut their price objective on 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. Scotiabank raised Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and increased their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

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.