Horizon Kinetics Asset Management LLC Acquires 267,777 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Horizon Kinetics Asset Management LLC raised its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 19.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,659,922 shares of the basic materials company’s stock after buying an additional 267,777 shares during the period. Osisko Gold Royalties accounts for approximately 0.4% of Horizon Kinetics Asset Management LLC’s portfolio, making the stock its 27th largest position. Horizon Kinetics Asset Management LLC’s holdings in Osisko Gold Royalties were worth $30,045,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of OR. Moors & Cabot Inc. increased its holdings in shares of 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 worth $422,000 after purchasing an additional 2,265 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of Osisko Gold Royalties by 53.9% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock worth $17,886,000 after purchasing an additional 338,354 shares during the last quarter. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties in the third quarter worth about $501,000. The Manufacturers Life Insurance Company increased its holdings in shares of Osisko Gold Royalties by 190.5% in the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock worth $14,766,000 after purchasing an additional 522,551 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after purchasing an additional 83,799 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Trading Up 1.8 %

OR opened at $19.75 on Monday. The firm has a market cap of $3.69 billion, a P/E ratio of 219.39 and a beta of 0.96. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $21.29. 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 stock has a 50-day moving average of $18.92 and a 200 day moving average of $18.95.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The company had revenue of $56.74 million during the quarter, compared to analyst estimates 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, research analysts forecast 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. Shareholders of record on Monday, March 31st will be given a dividend of $0.0457 per share. The ex-dividend date is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.93%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 200.00%.

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.