Fmr LLC Purchases 1,128,969 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Fmr LLC increased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 25.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,613,898 shares of the basic materials company’s stock after acquiring an additional 1,128,969 shares during the period. Fmr LLC owned about 3.01% of Osisko Gold Royalties worth $101,659,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of OR. Russell Investments Group Ltd. increased its position in Osisko Gold Royalties by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 158,579 shares of the basic materials company’s stock valued at $2,870,000 after acquiring an additional 7,908 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in Osisko Gold Royalties in the fourth quarter valued at $632,000. Bornite Capital Management LP raised its position in Osisko Gold Royalties by 15.7% during the 4th quarter. Bornite Capital Management LP now owns 1,500,000 shares of the basic materials company’s stock worth $27,150,000 after purchasing an additional 204,000 shares during the last quarter. ExodusPoint Capital Management LP lifted its holdings in Osisko Gold Royalties by 34.7% during the 4th quarter. ExodusPoint Capital Management LP now owns 17,428 shares of the basic materials company’s stock worth $315,000 after buying an additional 4,487 shares during the period. Finally, Geode Capital Management LLC grew its position in shares of Osisko Gold Royalties by 3.7% in the 4th quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company’s stock valued at $1,528,000 after buying an additional 2,981 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on OR. Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Scotiabank upgraded shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $22.00 to $24.00 in a research report on Monday. Royal Bank of Canada reduced their price objective on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Finally, National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $22.79 on Tuesday. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 253.22 and a beta of 0.88. Osisko Gold Royalties Ltd has a 52-week low of $15.12 and a 52-week high of $23.53. 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’s 50 day moving average price is $19.80 and its two-hundred day moving average price is $19.42.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. On average, equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s payout ratio is 200.00%.

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.