B. Riley Wealth Advisors Inc. Sells 4,982 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

B. Riley Wealth Advisors Inc. cut its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 8.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 54,546 shares of the basic materials company’s stock after selling 4,982 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Osisko Gold Royalties were worth $781,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 6,736,197 shares of the basic materials company’s stock worth $96,193,000 after purchasing an additional 41,380 shares in the last quarter. Creekmur Asset Management LLC bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $136,000. Sprott Inc. increased its stake in Osisko Gold Royalties by 10.4% during the 4th quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock worth $54,558,000 after purchasing an additional 361,372 shares in the last quarter. CoreCommodity Management LLC bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $789,000. Finally, Armistice Capital LLC bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $184,000. 68.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upped their price target on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Trading Down 0.7 %

NYSE:OR opened at $16.42 on Friday. Osisko Gold Royalties Ltd has a twelve month low of $11.24 and a twelve month high of $17.37. The company has a quick ratio of 4.95, a current ratio of 4.95 and a debt-to-equity ratio of 0.09. The business has a 50 day moving average price of $16.24 and a two-hundred day moving average price of $15.33. The company has a market cap of $3.06 billion, a P/E ratio of -78.17 and a beta of 1.01.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%. The firm had revenue of $45.06 million during the quarter. As a group, analysts expect that Osisko Gold Royalties Ltd will post 0.49 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.047 dividend. This represents a $0.19 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is presently -85.71%.

About Osisko Gold Royalties

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.