B. Riley Wealth Advisors Inc. Trims Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

B. Riley Wealth Advisors Inc. decreased its position in Osisko Gold Royalties Ltd (NYSE:OR) by 18.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,576 shares of the basic materials company’s stock after selling 10,952 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Osisko Gold Royalties were worth $759,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in OR. EverSource Wealth Advisors LLC increased its stake in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Osisko Gold Royalties during the second quarter valued at approximately $71,000. Creekmur Asset Management LLC purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $136,000. Squarepoint Ops LLC bought a new stake in shares of Osisko Gold Royalties in the 2nd quarter worth approximately $211,000. Finally, Corundum Trust Company INC bought a new stake in shares of Osisko Gold Royalties in the 2nd quarter worth approximately $249,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Price Performance

Shares of OR opened at $18.60 on Friday. The company has a market capitalization of $3.46 billion, a P/E ratio of -88.57 and a beta of 1.04. Osisko Gold Royalties Ltd has a twelve month low of $11.43 and a twelve month high of $19.03. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $17.52 and a 200 day moving average of $16.74.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The business had revenue of $47.39 million during the quarter. As a group, equities research analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.047 dividend. This represents a $0.19 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is -90.48%.

Analyst Ratings Changes

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

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.