Amundi Sells 48,838 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Amundi reduced its position in Osisko Gold Royalties Ltd (NYSE:OR) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 869,495 shares of the basic materials company’s stock after selling 48,838 shares during the quarter. Amundi owned about 0.47% of Osisko Gold Royalties worth $16,173,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in shares of Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 2,584 shares during the period. Aigen Investment Management LP boosted its stake in shares of Osisko Gold Royalties by 52.8% during the 3rd quarter. Aigen Investment Management LP now owns 34,688 shares of the basic materials company’s stock worth $642,000 after acquiring an additional 11,989 shares in the last quarter. Moors & Cabot Inc. grew its holdings in Osisko Gold Royalties by 11.0% in the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock valued at $422,000 after purchasing an additional 2,265 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. grew its stake in Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after acquiring an additional 338,354 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Osisko Gold Royalties in the third quarter valued at about $501,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Performance

OR opened at $19.40 on Friday. Osisko Gold Royalties Ltd has a twelve month low of $15.12 and a twelve month high of $21.29. The firm has a market capitalization of $3.62 billion, a PE ratio of 215.51 and a beta of 0.96. 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 firm’s 50-day moving average price is $18.89 and its 200 day moving average price is $18.92.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. As a group, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.62 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 0.94%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Scotiabank lowered their price objective on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada lifted their price target on Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 11th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Osisko Gold Royalties presently has a consensus rating of “Hold” and a consensus target price of $22.67.

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.