Northwest & Ethical Investments L.P. Raises Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Northwest & Ethical Investments L.P. lifted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 11.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,292 shares of the basic materials company’s stock after buying an additional 626 shares during the period. Northwest & Ethical Investments L.P.’s holdings in Osisko Gold Royalties were worth $114,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in shares of Osisko Gold Royalties by 21.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after purchasing an additional 551,936 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Osisko Gold Royalties by 190.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock worth $14,766,000 after buying an additional 522,551 shares during the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in Osisko Gold Royalties by 19.2% in the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company’s stock valued at $30,045,000 after buying an additional 267,777 shares during the period. Raymond James Financial Inc. purchased a new stake in Osisko Gold Royalties in the 4th quarter valued at about $2,587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Osisko Gold Royalties by 45.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company’s stock valued at $7,783,000 after acquiring an additional 131,558 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Analyst Upgrades and Downgrades

OR has been the topic of several research analyst reports. Royal Bank of Canada raised their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Scotiabank decreased their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Osisko Gold Royalties currently has a consensus rating of “Hold” and a consensus price target of $22.67.

Osisko Gold Royalties Stock Up 1.3 %

OR opened at $20.29 on Friday. The firm has a 50 day moving average price of $19.08 and a 200 day moving average price of $19.04. The company has a market cap of $3.79 billion, a PE ratio of 225.43 and a beta of 0.96. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $68.31 million. 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.0457 dividend. This represents a $0.18 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Osisko Gold Royalties 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.