Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC cut its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 3.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,770 shares of the basic materials company’s stock after selling 3,032 shares during the quarter. HighTower Advisors LLC’s holdings in Osisko Gold Royalties were worth $1,516,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. FMR LLC raised its stake in shares of Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock valued at $83,070,000 after acquiring an additional 83,799 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Osisko Gold Royalties by 21.6% in the 4th 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 during the period. Principal Financial Group Inc. grew its stake in Osisko Gold Royalties by 5.7% during the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after buying an additional 82,150 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. grew its position in shares of Osisko Gold Royalties by 1.5% during the fourth quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 980,133 shares of the basic materials company’s stock worth $17,726,000 after acquiring an additional 14,332 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Osisko Gold Royalties by 190.5% in the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock valued at $14,766,000 after buying an additional 522,551 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on OR shares. Royal Bank of Canada upped their price target on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Scotiabank decreased their price objective on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties presently has an average rating of “Hold” and a consensus target price of $22.67.

Osisko Gold Royalties Stock Up 1.3 %

Shares of NYSE:OR opened at $20.58 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $3.84 billion, a P/E ratio of 228.61 and a beta of 0.96. The stock has a 50-day simple moving average of $19.13 and a 200-day simple moving average of $19.08. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.29.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Equities analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 dividend on an annualized basis and a yield of 0.89%. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

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.