U S Global Investors Inc. Sells 29,783 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

U S Global Investors Inc. lowered its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 6.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 408,013 shares of the basic materials company’s stock after selling 29,783 shares during the period. Osisko Gold Royalties makes up approximately 0.7% of U S Global Investors Inc.’s holdings, making the stock its 24th biggest position. U S Global Investors Inc.’s holdings in Osisko Gold Royalties were worth $7,385,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Osisko Gold Royalties by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock valued at $262,000 after buying an additional 1,373 shares during the last quarter. C WorldWide Group Holding A S increased its position in shares of Osisko Gold Royalties by 86.4% during the fourth quarter. C WorldWide Group Holding A S now owns 78,032 shares of the basic materials company’s stock valued at $1,412,000 after purchasing an additional 36,171 shares during the period. CIBC Asset Management Inc raised its stake in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares in the last quarter. SeaBridge Investment Advisors LLC bought a new position in Osisko Gold Royalties in the fourth quarter worth $244,000. Finally, PFG Investments LLC boosted its stake in Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after buying an additional 527 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Trading Down 3.8 %

Shares of OR stock opened at $17.94 on Friday. The firm has a 50-day moving average price of $18.83 and a 200 day moving average price of $18.83. 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 12-month low of $13.66 and a 12-month high of $21.29. The company has a market capitalization of $3.35 billion, a P/E ratio of 199.30 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, topping 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 the consensus estimate of $68.31 million. Research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.0457 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is 188.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on OR shares. Scotiabank reduced their price objective on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a report on Thursday. Royal Bank of Canada raised their price target 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. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties presently 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.