C WorldWide Group Holding A S Purchases 36,171 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

C WorldWide Group Holding A S lifted its position in Osisko Gold Royalties Ltd (NYSE:OR) by 86.4% during the 4th quarter, HoldingsChannel reports. The firm owned 78,032 shares of the basic materials company’s stock after acquiring an additional 36,171 shares during the quarter. C WorldWide Group Holding A S’s holdings in Osisko Gold Royalties were worth $1,412,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after purchasing an additional 551,936 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $244,000. PFG Investments LLC increased its stake in Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 527 shares during the last quarter. Addenda Capital Inc. increased its stake in Osisko Gold Royalties by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock worth $694,000 after acquiring an additional 532 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Osisko Gold Royalties by 58.2% during the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock worth $314,000 after acquiring an additional 6,237 shares during the last quarter. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Trading Down 2.5 %

OR opened at $18.57 on Monday. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 206.28 and a beta of 1.02. The stock’s 50 day moving average price is $18.86 and its 200-day moving average price is $18.78. Osisko Gold Royalties Ltd has a one year low of $13.63 and a one year high of $21.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The firm 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%. On average, equities 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. Stockholders of record on Monday, March 31st will be paid a dividend of $0.0457 per share. The ex-dividend date is Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.98%. Osisko Gold Royalties’s dividend payout ratio is 188.89%.

Analyst Ratings Changes

Several brokerages have weighed in on OR. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada boosted their price objective 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. Finally, TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

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.