Price T Rowe Associates Inc. MD Acquires 17,152 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Price T Rowe Associates Inc. MD raised its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,035,432 shares of the basic materials company's stock after acquiring an additional 17,152 shares during the quarter. Price T Rowe Associates Inc. MD owned 3.77% of Osisko Gold Royalties worth $127,342,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in Osisko Gold Royalties in the fourth quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in Osisko Gold Royalties during the fourth quarter worth about $72,000. Northwest & Ethical Investments L.P. lifted its holdings in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after acquiring an additional 626 shares during the last quarter. Franklin Resources Inc. boosted its stake in 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 acquiring an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $244,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

Osisko Gold Royalties Trading Down 1.5 %

Shares of OR stock traded down $0.36 during trading hours on Friday, reaching $23.10. The company had a trading volume of 176,652 shares, compared to its average volume of 715,142. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $24.18. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 256.53 and a beta of 0.88. The company has a 50 day moving average of $20.80 and a 200 day moving average of $19.82.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to analysts' expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, equities research analysts anticipate 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. Investors 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 0.79%. The ex-dividend date was Monday, March 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is presently 200.00%.

Analyst Ratings Changes

OR has been the subject of several analyst reports. Scotiabank raised shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $22.00 to $24.00 in a report on Monday, April 14th. Raymond James reaffirmed an "outperform" rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares restated an "outperform" rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research note 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. Based on data from MarketBeat, the company 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.