Bank of Montreal Can Has $43.92 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Bank of Montreal Can lowered its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 22.0% in the fourth quarter, HoldingsChannel reports. The firm owned 2,428,646 shares of the basic materials company’s stock after selling 683,041 shares during the period. Bank of Montreal Can’s holdings in Osisko Gold Royalties were worth $43,922,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. acquired a new stake in Osisko Gold Royalties in the fourth quarter worth about $57,000. CIBC Asset Management Inc increased its holdings in Osisko Gold Royalties by 21.6% during the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after buying an additional 551,936 shares during the last quarter. Principal Financial Group Inc. increased its position in Osisko Gold Royalties by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after buying an additional 82,150 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Osisko Gold Royalties in the 3rd quarter valued at about $852,000. Finally, Geode Capital Management LLC increased its position in Osisko Gold Royalties by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company’s stock worth $1,498,000 after buying an additional 6,251 shares during the period. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on OR. Royal Bank of Canada cut their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Scotiabank dropped their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a research report on Thursday, February 27th. Finally, Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.33.

Osisko Gold Royalties Trading Up 6.0 %

NYSE OR opened at $20.40 on Thursday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 226.67 and a beta of 0.88. The stock’s 50-day simple moving average is $19.62 and its two-hundred day simple moving average is $19.34. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $21.42.

Osisko Gold Royalties (NYSE:OR) last released its 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. The company had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. Research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

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

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.