Oppenheimer & Close LLC Sells 2,620 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Oppenheimer & Close LLC cut its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,775 shares of the basic materials company’s stock after selling 2,620 shares during the quarter. Osisko Gold Royalties makes up approximately 2.2% of Oppenheimer & Close LLC’s investment portfolio, making the stock its 17th largest holding. Oppenheimer & Close LLC owned approximately 0.08% of Osisko Gold Royalties worth $2,693,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Moors & Cabot Inc. grew its stake in shares of Osisko Gold Royalties by 11.0% in the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 2,265 shares in the last quarter. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the third quarter valued at about $501,000. The Manufacturers Life Insurance Company grew its stake in shares of Osisko Gold Royalties by 190.5% in the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock valued at $14,766,000 after acquiring an additional 522,551 shares in the last quarter. FMR LLC grew its stake in shares of Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock valued at $83,070,000 after acquiring an additional 83,799 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Osisko Gold Royalties by 45.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company’s stock valued at $7,783,000 after acquiring an additional 131,558 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Trading Up 1.3 %

OR opened at $20.29 on Friday. The company’s 50 day moving average is $19.08 and its 200-day moving average is $19.04. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $21.29. 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 $3.79 billion, a P/E ratio of 225.43 and a beta of 0.96.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share 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. Equities research analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0457 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.90%. Osisko Gold Royalties’s payout ratio is currently 200.00%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research note on Tuesday, February 11th. Scotiabank reduced their price objective on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, Osisko Gold Royalties currently has an average rating of “Hold” and a consensus target price of $22.67.

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.