C WorldWide Group Holding A S Sells 29,824 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

C WorldWide Group Holding A S cut its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 15.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 166,674 shares of the basic materials company’s stock after selling 29,824 shares during the period. C WorldWide Group Holding A S owned about 0.09% of Osisko Gold Royalties worth $2,380,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Acuitas Investments LLC lifted its stake in Osisko Gold Royalties by 15.2% in the fourth quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company’s stock valued at $3,590,000 after purchasing an additional 33,198 shares during the last quarter. Heartland Advisors Inc. lifted its stake in Osisko Gold Royalties by 19.6% in the third quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock valued at $5,619,000 after purchasing an additional 78,200 shares during the last quarter. Sprott Inc. lifted its stake in Osisko Gold Royalties by 2.7% in the third quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock valued at $40,440,000 after purchasing an additional 90,292 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock worth $235,755,000 after acquiring an additional 810,979 shares in the last quarter. Finally, Versor Investments LP purchased a new stake in shares of Osisko Gold Royalties during the third quarter worth $495,000. 68.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group increased their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR traded up $0.11 during trading on Friday, hitting $16.05. 401,883 shares of the company were exchanged, compared to its average volume of 792,429. The company has a market cap of $2.98 billion, a PE ratio of -84.47 and a beta of 0.99. The stock has a 50 day moving average of $15.64 and a 200 day moving average of $14.36. Osisko Gold Royalties Ltd has a 52-week low of $11.24 and a 52-week high of $17.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The firm had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. As a group, equities research analysts predict that Osisko Gold Royalties Ltd will post 0.45 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.11%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is presently -94.74%.

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.