Osisko Gold Royalties Ltd (NYSE:OR) Position Lifted by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 5.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 158,579 shares of the basic materials company’s stock after purchasing an additional 7,908 shares during the period. Russell Investments Group Ltd. owned 0.08% of Osisko Gold Royalties worth $2,870,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of OR. SBI Securities Co. Ltd. bought a new position in shares of Osisko Gold Royalties in the 4th quarter worth about $57,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $72,000. Northwest & Ethical Investments L.P. grew its holdings in shares of Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 626 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after purchasing an additional 534 shares during the period. Finally, SeaBridge Investment Advisors LLC bought a new stake in shares of Osisko Gold Royalties in the 4th quarter worth approximately $244,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

OR has been the topic of a number of recent research reports. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $22.00 to $24.00 in a report on Monday. Royal Bank of Canada decreased their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Finally, National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 2nd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Trading Down 1.6 %

Osisko Gold Royalties stock opened at $23.35 on Friday. Osisko Gold Royalties Ltd has a 12-month low of $15.12 and a 12-month high of $24.07. The stock has a market capitalization of $4.37 billion, a PE ratio of 259.40 and a beta of 0.88. The firm has a 50 day simple moving average of $20.02 and a 200-day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. As a group, equities research 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties’s payout ratio is 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.