Acuitas Investments LLC Decreases Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Acuitas Investments LLC decreased its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 26.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 167,008 shares of the basic materials company’s stock after selling 58,836 shares during the period. Osisko Gold Royalties comprises about 1.4% of Acuitas Investments LLC’s investment portfolio, making the stock its 24th biggest holding. Acuitas Investments LLC owned 0.09% of Osisko Gold Royalties worth $2,602,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. EdgePoint Investment Group Inc. grew its position in Osisko Gold Royalties by 2.1% in the 1st quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock worth $406,002,000 after purchasing an additional 501,485 shares during the period. Van ECK Associates Corp grew its holdings in shares of Osisko Gold Royalties by 3.7% in the first quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock worth $345,021,000 after acquiring an additional 745,973 shares during the period. Vanguard Group Inc. increased its position in Osisko Gold Royalties by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock valued at $111,595,000 after acquiring an additional 60,083 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new position in Osisko Gold Royalties in the first quarter valued at about $109,825,000. Finally, Sprott Inc. boosted its position in Osisko Gold Royalties by 10.4% in the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after purchasing an additional 361,372 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Analysts Set New Price Targets

OR has been the subject of several research reports. TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group upgraded shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Friday, July 12th.

Osisko Gold Royalties Stock Up 0.1 %

OR stock opened at $16.84 on Friday. The business’s 50-day moving average price is $17.00 and its 200-day moving average price is $16.30. The stock has a market cap of $3.14 billion, a P/E ratio of -80.14 and a beta of 1.03. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. Osisko Gold Royalties Ltd has a twelve month low of $11.24 and a twelve month high of $18.34.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. The business had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. On average, equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.47 EPS for the current year.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is currently -90.48%.

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.