Employees Retirement System of Texas Invests $1.31 Million in Osisko Gold Royalties Ltd (NYSE:OR)

Employees Retirement System of Texas bought a new stake in Osisko Gold Royalties Ltd (NYSE:OR) in the fourth quarter, HoldingsChannel reports. The fund bought 7,215 shares of the basic materials company’s stock, valued at approximately $1,306,000.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company’s stock worth $130,529,000 after acquiring an additional 128,099 shares during the period. FMR LLC lifted its position in shares of Osisko Gold Royalties by 25.2% during the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after purchasing an additional 1,128,969 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Osisko Gold Royalties by 352.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after purchasing an additional 3,194,173 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares during the period. Finally, Horizon Kinetics Asset Management LLC grew its holdings in Osisko Gold Royalties by 19.2% during the 4th quarter. Horizon Kinetics Asset Management LLC now owns 1,659,922 shares of the basic materials company’s stock valued at $30,045,000 after purchasing an additional 267,777 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Osisko Gold Royalties Price Performance

OR opened at $19.47 on Tuesday. The company has a market capitalization of $3.64 billion, a P/E ratio of 216.37 and a beta of 0.88. The company has a 50-day moving average of $19.52 and a 200-day moving average of $19.31. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $21.42.

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 for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The firm had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Equities analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.0457 per share. This represents a $0.18 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is currently 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.