Gamco Investors INC. ET AL Sells 4,120 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Gamco Investors INC. ET AL reduced its position in Osisko Gold Royalties Ltd (NYSE:OR) by 17.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,915 shares of the basic materials company’s stock after selling 4,120 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Osisko Gold Royalties were worth $327,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in OR. Anson Funds Management LP purchased a new stake in shares of Osisko Gold Royalties during the first quarter worth about $1,149,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Osisko Gold Royalties by 219.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,742 shares of the basic materials company’s stock worth $880,000 after acquiring an additional 36,929 shares during the last quarter. National Bank of Canada FI grew its stake in shares of Osisko Gold Royalties by 3.2% during the first quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock worth $24,046,000 after acquiring an additional 45,866 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Osisko Gold Royalties by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after acquiring an additional 60,083 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Osisko Gold Royalties by 23.8% during the first quarter. SG Americas Securities LLC now owns 61,617 shares of the basic materials company’s stock worth $1,012,000 after acquiring an additional 11,844 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Stock Performance

NYSE OR traded up $0.28 on Friday, reaching $17.37. 612,840 shares of the company’s stock traded hands, compared to its average volume of 667,699. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of -82.71 and a beta of 1.02. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $18.34. The stock has a 50 day moving average price of $16.59 and a 200-day moving average price of $15.77. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.95 and a current ratio of 4.95.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, May 8th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $45.06 million for the quarter. Osisko Gold Royalties had a negative net margin of 21.54% and a positive return on equity of 6.69%. Equities research analysts predict that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.047 per share. This represents a $0.19 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Friday, June 28th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -90.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Friday, July 12th. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd.

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.