Renaissance Technologies LLC Has $8.89 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Renaissance Technologies LLC raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 43.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 491,302 shares of the basic materials company's stock after acquiring an additional 149,102 shares during the quarter. Renaissance Technologies LLC owned about 0.26% of Osisko Gold Royalties worth $8,893,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in Osisko Gold Royalties during the 4th quarter worth $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new stake in shares of Osisko Gold Royalties during the fourth quarter worth about $72,000. Northwest & Ethical Investments L.P. lifted its holdings in shares of Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock valued at $114,000 after purchasing an additional 626 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Osisko Gold Royalties by 4.5% in the 4th 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 bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $244,000. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock traded down $0.31 during trading hours on Wednesday, hitting $22.71. The company had a trading volume of 269,998 shares, compared to its average volume of 705,652. 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 $4.25 billion, a PE ratio of 252.33 and a beta of 0.88. The firm has a 50-day moving average of $20.21 and a 200 day moving average of $19.61. Osisko Gold Royalties Ltd has a one year low of $15.12 and a one year high of $24.18.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current 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 given a dividend of $0.0457 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.81%. Osisko Gold Royalties's dividend payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

OR has been the subject of several research analyst reports. Scotiabank upgraded shares of Osisko Gold Royalties from a "sector perform" rating to a "sector outperform" rating and upped 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 research note on Friday, April 4th. Royal Bank of Canada decreased their target price on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating for the company in a research report on Friday, April 4th. Finally, National Bankshares reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties currently has a consensus rating of "Moderate Buy" and a consensus target price 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.