Connor Clark & Lunn Investment Management Ltd. Has $51.89 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,869,300 shares of the basic materials company’s stock after selling 156,871 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Osisko Gold Royalties were worth $51,892,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of OR. SBI Securities Co. Ltd. acquired a new stake in shares of Osisko Gold Royalties during the fourth 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 $72,000. Icon Wealth Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth $187,000. US Bancorp DE increased its position in shares of Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after buying an additional 2,584 shares during the period. Finally, SeaBridge Investment Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the fourth quarter worth $244,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on OR shares. Royal Bank of Canada raised their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Scotiabank reduced their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Osisko Gold Royalties has an average rating of “Hold” and an average price target of $22.67.

Osisko Gold Royalties Trading Down 0.2 %

NYSE:OR opened at $19.00 on Thursday. 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 stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 211.06 and a beta of 0.96. The firm has a fifty day simple moving average of $18.88 and a two-hundred day simple moving average of $18.91. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $21.29.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0457 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.96%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

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.