Keeley Teton Advisors LLC Decreases Position in Osisko Gold Royalties Ltd (NYSE:OR)

Keeley Teton Advisors LLC reduced its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 217,310 shares of the basic materials company’s stock after selling 844 shares during the quarter. Keeley Teton Advisors LLC’s holdings in Osisko Gold Royalties were worth $3,933,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OR. PFG Investments LLC grew its stake in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock valued at $449,000 after acquiring an additional 527 shares in the last quarter. Addenda Capital Inc. grew its stake in Osisko Gold Royalties by 1.4% during the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after purchasing an additional 532 shares in the last quarter. Franklin Resources Inc. grew its stake in Osisko Gold Royalties by 4.5% during the 4th quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock valued at $222,000 after purchasing an additional 534 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in Osisko Gold Royalties by 2.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock worth $521,000 after purchasing an additional 564 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. raised its position in shares of Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 626 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Osisko Gold Royalties Stock Up 1.7 %

Shares of NYSE:OR opened at $22.79 on Tuesday. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $23.53. The company’s fifty day moving average is $19.80 and its two-hundred 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. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 253.22 and a beta of 0.88.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

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

Osisko Gold Royalties 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.