Northwest & Ethical Investments L.P. Increases Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Northwest & Ethical Investments L.P. boosted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 11.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,292 shares of the basic materials company’s stock after acquiring 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.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in OR. Moors & Cabot Inc. increased its holdings in Osisko Gold Royalties by 11.0% during the 3rd quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 2,265 shares during the last quarter. Icon Wealth Advisors LLC acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth approximately $501,000. The Manufacturers Life Insurance Company increased its stake in shares of Osisko Gold Royalties by 190.5% in the third 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. FMR LLC raised its holdings in Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock valued at $83,070,000 after acquiring an additional 83,799 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in 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. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Up 1.3 %

Shares of NYSE:OR opened at $20.29 on Friday. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $21.29. The company’s fifty day moving average is $19.08 and its two-hundred day moving average is $19.04. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $3.79 billion, a price-to-earnings ratio of 225.43 and a beta of 0.96.

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 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 firm had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS 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. Investors of record on Monday, March 31st will be paid a dividend of $0.0457 per share. The ex-dividend date is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.90%. Osisko Gold Royalties’s payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OR. Royal Bank of Canada boosted 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 lowered their price objective on 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Hold” and a consensus target price of $22.67.

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.