BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp Has $32.67 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp reduced its position in Osisko Gold Royalties Ltd (NYSE:OR) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,806,408 shares of the basic materials company’s stock after selling 196,783 shares during the quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Osisko Gold Royalties were worth $32,669,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in OR. PFG Investments LLC increased its position in Osisko Gold Royalties by 2.2% during the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 527 shares in the last quarter. Franklin Resources Inc. increased its position in Osisko Gold Royalties by 4.5% in the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 534 shares during the period. Pictet Asset Management Holding SA raised its stake in shares of Osisko Gold Royalties by 2.0% during the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock valued at $521,000 after acquiring an additional 564 shares during the last quarter. Northwest & Ethical Investments L.P. raised its stake in shares of Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 626 shares during the last quarter. Finally, Lane Generational LLC lifted its holdings in shares of Osisko Gold Royalties by 0.3% during the fourth quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company’s stock worth $5,492,000 after purchasing an additional 1,041 shares during the period. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock opened at $25.03 on Thursday. The business has a 50-day moving average price of $22.21 and a two-hundred day moving average price of $20.12. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $25.15. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market cap of $4.69 billion, a P/E ratio of 278.16 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.13 by $0.03. The business had revenue of $54.92 million during the quarter, compared to analysts’ expectations of $79.63 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. As a group, analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.055 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.22 annualized dividend and a dividend yield of 0.88%. Osisko Gold Royalties’s dividend payout ratio (DPR) is 105.88%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on OR shares. Raymond James restated an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Scotiabank raised Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada decreased their target price 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. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Company 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.