Principal Financial Group Inc. Trims Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Principal Financial Group Inc. trimmed its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 16.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,272,710 shares of the basic materials company’s stock after selling 254,400 shares during the quarter. Principal Financial Group Inc.’s holdings in Osisko Gold Royalties were worth $23,035,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new position in Osisko Gold Royalties during the third quarter worth about $58,000. Icon Wealth Advisors LLC purchased a new position in Osisko Gold Royalties during the third quarter worth about $187,000. US Bancorp DE grew its position in 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 in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in Osisko Gold Royalties during the fourth quarter worth about $244,000. Finally, International Assets Investment Management LLC purchased a new position in Osisko Gold Royalties during the third quarter worth about $286,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Price Performance

OR opened at $18.57 on Monday. Osisko Gold Royalties Ltd has a 12-month low of $13.63 and a 12-month high of $21.29. 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 50-day moving average price of $18.86 and a 200-day moving average price of $18.78. The stock has a market capitalization of $3.47 billion, a P/E ratio of 206.28 and a beta of 1.02.

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

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

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.