Osisko Gold Royalties Ltd (NYSE:OR) Holdings Cut by Bank of Montreal Can

Bank of Montreal Can lessened its holdings in shares of Osisko Gold Royalties Ltd (NYSE:ORGet Rating) by 14.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 856,639 shares of the basic materials company’s stock after selling 141,397 shares during the period. Bank of Montreal Can owned 0.46% of Osisko Gold Royalties worth $9,778,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. HighTower Advisors LLC raised its holdings in shares of Osisko Gold Royalties by 117.0% during the first quarter. HighTower Advisors LLC now owns 167,084 shares of the basic materials company’s stock valued at $2,198,000 after buying an additional 90,088 shares during the last quarter. Edmond DE Rothschild Holding S.A. raised its holdings in Osisko Gold Royalties by 100.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 60,000 shares of the basic materials company’s stock worth $790,000 after purchasing an additional 30,000 shares in the last quarter. Shepherd Kaplan Krochuk LLC raised its holdings in Osisko Gold Royalties by 4.4% during the first quarter. Shepherd Kaplan Krochuk LLC now owns 23,500 shares of the basic materials company’s stock worth $310,000 after purchasing an additional 1,000 shares in the last quarter. Lane Generational LLC bought a new stake in Osisko Gold Royalties during the first quarter worth approximately $2,176,000. Finally, Autumn Glory Partners LLC raised its holdings in Osisko Gold Royalties by 20.0% during the second quarter. Autumn Glory Partners LLC now owns 12,000 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 55.53% of the company’s stock.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock opened at $12.77 on Friday. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of -18.51 and a beta of 0.69. Osisko Gold Royalties Ltd has a 1 year low of $9.19 and a 1 year high of $14.56. The firm’s 50 day moving average price is $10.85 and its two-hundred day moving average price is $10.65.

Osisko Gold Royalties (NYSE:ORGet Rating) last posted its quarterly earnings results on Wednesday, November 9th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. The firm had revenue of $41.14 million for the quarter. Osisko Gold Royalties had a negative net margin of 69.93% and a positive return on equity of 1.31%. As a group, equities analysts predict that Osisko Gold Royalties Ltd will post 0.38 EPS for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Friday, December 30th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 1.25%. The ex-dividend date is Thursday, December 29th. Osisko Gold Royalties’s payout ratio is -24.64%.

Wall Street Analysts Forecast Growth

OR has been the topic of several recent analyst reports. TD Securities boosted their target price on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Monday, November 14th. Raymond James boosted their target price on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Thursday, August 11th. BMO Capital Markets boosted their target price on Osisko Gold Royalties from C$18.50 to C$20.00 in a report on Friday, November 11th. Finally, National Bank Financial boosted their target price on Osisko Gold Royalties from C$20.00 to C$22.00 in a report on Thursday, October 13th.

Osisko Gold Royalties Profile

(Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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Institutional Ownership by Quarter for Osisko Gold Royalties (NYSE:OR)

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