Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co lowered its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,123 shares of the basic materials company’s stock after selling 973 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in Osisko Gold Royalties were worth $1,038,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $57,000. Generali Investments CEE investicni spolecnost a.s. purchased a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $72,000. Northwest & Ethical Investments L.P. lifted its position in shares of Osisko Gold Royalties by 11.0% during the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after buying an additional 626 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock worth $222,000 after buying an additional 534 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new stake in shares of Osisko Gold Royalties during the 4th quarter worth approximately $244,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Performance

Shares of OR opened at $23.66 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 $4.43 billion, a P/E ratio of 262.89 and a beta of 0.88. The company’s fifty day moving average is $20.50 and its two-hundred day moving average is $19.74. Osisko Gold Royalties Ltd has a 1 year low of $15.12 and a 1 year high of $24.18.

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 (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. On average, sell-side analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.0457 per share. The ex-dividend date was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.77%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Wall Street Analyst Weigh In

Several research firms recently commented on OR. Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Scotiabank upgraded shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and upped their price target for the company from $22.00 to $24.00 in a research report on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $23.00.

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.