Y Intercept Hong Kong Ltd Reduces Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Y Intercept Hong Kong Ltd reduced its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 26.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,676 shares of the basic materials company’s stock after selling 4,543 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Osisko Gold Royalties were worth $229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties during the third quarter valued at approximately $58,000. Icon Wealth Advisors LLC purchased a new position in shares of Osisko Gold Royalties during the 3rd quarter worth $187,000. US Bancorp DE grew its position in shares of Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 2,584 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter worth $244,000. Finally, International Assets Investment Management LLC bought a new position in Osisko Gold Royalties in the 3rd quarter worth $286,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on OR shares. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada raised their target price on shares of 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 dropped their price target 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 cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $22.67.

Osisko Gold Royalties Trading Up 2.5 %

Shares of OR opened at $18.45 on Wednesday. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $21.29. The company has a 50 day simple moving average of $18.83 and a two-hundred day simple moving average of $18.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market cap of $3.45 billion, a P/E ratio of 205.04 and a beta of 1.02.

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

Osisko Gold Royalties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a yield of 0.99%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is presently 188.89%.

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.