Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Sprott Inc.

Sprott Inc. reduced its position in Osisko Gold Royalties Ltd (NYSE:OR) by 1.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,399,816 shares of the basic materials company’s stock after selling 46,133 shares during the quarter. Osisko Gold Royalties comprises about 3.7% of Sprott Inc.’s holdings, making the stock its 5th largest position. Sprott Inc.’s holdings in Osisko Gold Royalties were worth $61,537,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of OR. Capital Performance Advisors LLP purchased a new stake in shares of Osisko Gold Royalties in the third quarter valued at approximately $58,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties in the third quarter valued at $187,000. US Bancorp DE boosted its position in shares of Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after purchasing an additional 2,584 shares in the last quarter. SeaBridge Investment Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the 4th quarter worth $244,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Osisko Gold Royalties by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 1,373 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada upped their price target on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.38 on Wednesday. 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 $3.43 billion, a P/E ratio of 204.19 and a beta of 1.02. The firm has a 50-day moving average price of $18.84 and a two-hundred day moving average price of $18.83. Osisko Gold Royalties Ltd has a twelve month low of $13.66 and a twelve month high of $21.29.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping 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 business had revenue of $56.74 million during the quarter, compared to analysts’ expectations of $68.31 million. As a group, research analysts expect that Osisko Gold Royalties Ltd will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.0457 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.99%. Osisko Gold Royalties’s dividend payout ratio is currently 188.89%.

About Osisko Gold Royalties

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.