Invesco Ltd. Cuts Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Invesco Ltd. decreased its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 27.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,315,535 shares of the basic materials company’s stock after selling 508,359 shares during the period. Invesco Ltd. owned approximately 0.70% of Osisko Gold Royalties worth $23,811,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of OR. Employees Retirement System of Texas purchased a new position in Osisko Gold Royalties in the 4th quarter worth approximately $1,306,000. FMR LLC lifted its holdings in Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after buying an additional 1,128,969 shares in the last quarter. Russell Investments Group Ltd. boosted its position in 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 valued at $2,870,000 after buying an additional 7,908 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Osisko Gold Royalties in the 4th quarter valued at about $632,000. Finally, Bornite Capital Management LP grew its stake in shares of Osisko Gold Royalties by 15.7% during the fourth quarter. Bornite Capital Management LP now owns 1,500,000 shares of the basic materials company’s stock valued at $27,150,000 after acquiring an additional 204,000 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Price Performance

Shares of NYSE OR opened at $23.35 on Friday. 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 capitalization of $4.37 billion, a price-to-earnings ratio of 259.40 and a beta of 0.88. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $24.07. The business has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.54.

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 the consensus estimate 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 during the quarter, compared to analyst estimates of $68.31 million. As a group, equities research analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.0457 per share. The ex-dividend date was Monday, March 31st. This represents a $0.18 annualized dividend and a yield of 0.78%. Osisko Gold Royalties’s dividend payout ratio (DPR) is 200.00%.

Wall Street Analyst Weigh In

OR has been the subject of a number of analyst reports. Royal Bank of Canada reduced their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a report on Friday, April 4th. Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties 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 target for the company from $22.00 to $24.00 in a report on Monday, April 14th. Finally, National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.