Sprott Inc. Sells 46,133 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Sprott Inc. cut its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,399,816 shares of the basic materials company’s stock after selling 46,133 shares during the period. Osisko Gold Royalties comprises about 3.7% of Sprott Inc.’s holdings, making the stock its 5th largest holding. Sprott Inc. owned about 1.82% of Osisko Gold Royalties worth $61,537,000 as of its most recent filing with the Securities and Exchange Commission.

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

Osisko Gold Royalties Trading Down 1.0 %

NYSE:OR opened at $18.38 on Wednesday. The company has a market capitalization of $3.43 billion, a PE ratio of 204.19 and a beta of 1.02. Osisko Gold Royalties Ltd has a 52-week low of $13.66 and a 52-week high of $21.29. The stock’s 50 day moving average price is $18.84 and its 200 day moving average price is $18.83. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $68.31 million. On average, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

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

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on OR. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

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.