SBI Securities Co. Ltd. Makes New Investment in Osisko Gold Royalties Ltd (NYSE:OR)

SBI Securities Co. Ltd. acquired a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,172 shares of the basic materials company’s stock, valued at approximately $57,000.

Several other large investors also recently modified their holdings of OR. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties in the 3rd quarter worth about $187,000. US Bancorp DE boosted its holdings in shares of Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after acquiring an additional 2,584 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the 4th quarter worth approximately $244,000. Bank of New York Mellon Corp grew its position in Osisko Gold Royalties by 10.5% during the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 1,373 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Osisko Gold Royalties by 58.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock valued at $314,000 after purchasing an additional 6,237 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Trading Down 2.5 %

OR stock opened at $17.86 on Tuesday. 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 twelve month low of $15.12 and a twelve month high of $21.29. The company has a market cap of $3.34 billion, a P/E ratio of 198.47 and a beta of 0.96. The business has a fifty day moving average of $18.84 and a 200-day moving average of $18.90.

Osisko Gold Royalties (NYSE:OR) last announced 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 return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $68.31 million. As a group, equities research analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 1.02%. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

Analysts Set New Price Targets

OR has been the topic of a number of recent analyst reports. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada upped 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 report on Tuesday, February 11th. Scotiabank lowered 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 research report on Thursday, February 27th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus 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.