PCJ Investment Counsel Ltd. Reduces Position in Osisko Gold Royalties Ltd (NYSE:OR)

PCJ Investment Counsel Ltd. decreased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 33.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 155,280 shares of the basic materials company’s stock after selling 76,890 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Osisko Gold Royalties were worth $2,808,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in OR. PFG Investments LLC grew its position in Osisko Gold Royalties by 2.2% in the 4th 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 position in shares of Osisko Gold Royalties by 1.4% in the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after buying an additional 532 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Osisko Gold Royalties by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock worth $262,000 after purchasing an additional 1,373 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Osisko Gold Royalties by 0.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 348,043 shares of the basic materials company’s stock worth $6,299,000 after acquiring an additional 1,502 shares during the last quarter. Finally, Moors & Cabot Inc. grew its position in Osisko Gold Royalties by 11.0% during the 3rd quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock worth $422,000 after purchasing an additional 2,265 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Down 2.1 %

Shares of NYSE OR opened at $18.30 on Friday. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 203.28 and a beta of 1.02. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $21.29. The business has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $18.88. 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 (NYSE:OR) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million for 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%. On average, research analysts predict that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 188.89%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on OR shares. Royal Bank of Canada upped their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Scotiabank lowered their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Finally, TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.67.

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.