Osisko Gold Royalties Ltd (NYSE:OR) Stock Holdings Lifted by Lane Generational LLC

Lane Generational LLC raised its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 0.3% during the fourth quarter, HoldingsChannel reports. The firm owned 303,401 shares of the basic materials company’s stock after purchasing an additional 1,041 shares during the period. Osisko Gold Royalties comprises 5.4% of Lane Generational LLC’s portfolio, making the stock its 7th largest holding. Lane Generational LLC’s holdings in Osisko Gold Royalties were worth $5,492,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in OR. CIBC Asset Management Inc grew its position in shares of Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after buying an additional 551,936 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of 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. Scheer Rowlett & Associates Investment Management Ltd. grew its position in shares of Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock worth $17,886,000 after buying an additional 338,354 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Osisko Gold Royalties in the 4th quarter worth approximately $2,587,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Osisko Gold Royalties by 45.5% in 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 worth $7,783,000 after buying an additional 131,558 shares during the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Up 6.2 %

OR stock opened at $19.06 on Wednesday. The firm has a 50 day moving average of $18.86 and a 200 day moving average of $18.91. The stock has a market capitalization of $3.56 billion, a PE ratio of 211.72 and a beta of 0.96. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $21.29.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data 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. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $68.31 million. Sell-side analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Royal Bank of Canada lifted 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 note on Tuesday, February 11th. Scotiabank lowered their target price on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $22.67.

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.