Fmr LLC Acquires 1,128,969 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Fmr LLC raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 25.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,613,898 shares of the basic materials company’s stock after buying an additional 1,128,969 shares during the quarter. Fmr LLC’s holdings in Osisko Gold Royalties were worth $101,659,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. raised its holdings in shares of Osisko Gold Royalties by 5.2% in the 4th quarter. Russell Investments Group Ltd. now owns 158,579 shares of the basic materials company’s stock worth $2,870,000 after acquiring an additional 7,908 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $632,000. Bornite Capital Management LP raised its stake in shares of Osisko Gold Royalties by 15.7% in the fourth quarter. Bornite Capital Management LP now owns 1,500,000 shares of the basic materials company’s stock worth $27,150,000 after purchasing an additional 204,000 shares during the last quarter. ExodusPoint Capital Management LP lifted its holdings in shares of Osisko Gold Royalties by 34.7% in the fourth quarter. ExodusPoint Capital Management LP now owns 17,428 shares of the basic materials company’s stock valued at $315,000 after purchasing an additional 4,487 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Osisko Gold Royalties by 3.7% during the fourth quarter. Geode Capital Management LLC now owns 83,446 shares of the basic materials company’s stock valued at $1,528,000 after buying an additional 2,981 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR opened at $22.79 on Tuesday. The company has a market capitalization of $4.26 billion, a P/E ratio of 253.22 and a beta of 0.88. The company’s 50-day moving average is $19.80 and its 200 day moving average is $19.42. 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 fifty-two week low of $15.12 and a fifty-two week high of $23.53.

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. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. On average, equities research analysts forecast that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. National Bankshares restated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Royal Bank of Canada dropped their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research report on Friday, April 4th. Scotiabank raised shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and upped their price objective for the stock from $22.00 to $24.00 in a research report on Monday. Finally, Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Osisko Gold Royalties currently has a consensus rating of “Moderate Buy” and a consensus target price 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.