Euro Pacific Asset Management LLC Trims Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Euro Pacific Asset Management LLC decreased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.3% during the 4th quarter, Holdings Channel reports. The fund owned 1,171,204 shares of the basic materials company’s stock after selling 65,285 shares during the quarter. Osisko Gold Royalties accounts for about 3.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Euro Pacific Asset Management LLC’s holdings in Osisko Gold Royalties were worth $16,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OR. Norges Bank bought a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $21,208,000. Van ECK Associates Corp lifted its stake in Osisko Gold Royalties by 4.2% in the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after buying an additional 810,979 shares in the last quarter. Vanguard Group Inc. lifted its stake in Osisko Gold Royalties by 13.5% in the first quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company’s stock valued at $80,079,000 after buying an additional 722,515 shares in the last quarter. Bornite Capital Management LP bought a new position in Osisko Gold Royalties in the first quarter valued at approximately $6,565,000. Finally, BlackRock Inc. bought a new position in Osisko Gold Royalties in the first quarter valued at approximately $6,595,000. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Up 0.3 %

Shares of OR stock traded up $0.05 during trading on Thursday, reaching $16.19. The company’s stock had a trading volume of 191,896 shares, compared to its average volume of 893,556. The business has a fifty day moving average price of $15.43 and a 200-day moving average price of $14.17. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.01 billion, a price-to-earnings ratio of -85.58 and a beta of 0.99. Osisko Gold Royalties Ltd has a one year low of $11.24 and a one year high of $17.96.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. Analysts anticipate that Osisko Gold Royalties Ltd will post 0.42 earnings per share for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a $0.0444 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s payout ratio is currently -94.74%.

Analysts Set New Price Targets

Separately, Jefferies Financial Group assumed coverage on shares of Osisko Gold Royalties in a research note on Thursday, February 29th. They issued a “hold” rating and a $15.00 price target on the stock.

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.