Dimensional Fund Advisors LP Cuts Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Dimensional Fund Advisors LP trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR) by 4.8% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 806,790 shares of the basic materials company’s stock after selling 40,250 shares during the period. Dimensional Fund Advisors LP owned about 0.43% of Osisko Gold Royalties worth $12,570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of OR. Price T Rowe Associates Inc. MD bought a new stake in Osisko Gold Royalties in the first quarter worth about $109,825,000. Bornite Capital Management LP bought a new stake in shares of Osisko Gold Royalties during the 1st quarter valued at $33,370,000. Yaupon Capital Management LP purchased a new position in Osisko Gold Royalties during the 1st quarter valued at about $15,973,000. Van ECK Associates Corp increased its position in shares of Osisko Gold Royalties by 3.7% during the first quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after buying an additional 745,973 shares during the period. Finally, EdgePoint Investment Group Inc. lifted its holdings in shares of Osisko Gold Royalties by 2.1% in the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company’s stock worth $406,002,000 after buying an additional 501,485 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Price Performance

Shares of NYSE OR opened at $18.61 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The company has a 50 day simple moving average of $17.52 and a two-hundred day simple moving average of $16.75. Osisko Gold Royalties Ltd has a fifty-two week low of $11.43 and a fifty-two week high of $19.03. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -88.62 and a beta of 1.04.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The company had revenue of $47.39 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. Analysts expect that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

Analyst Ratings Changes

A number of equities analysts have weighed in on OR shares. Jefferies Financial Group upped their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada decreased their price objective on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

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.