Raymond James & Associates trimmed its holdings in Osisko Gold Royalties Ltd (NYSE:OR – Free Report) by 18.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,634 shares of the basic materials company’s stock after selling 6,632 shares during the period. Raymond James & Associates’ holdings in Osisko Gold Royalties were worth $455,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in OR. St. Johns Investment Management Company LLC bought a new position in shares of Osisko Gold Royalties during the 1st quarter worth about $51,000. Deutsche Bank AG acquired a new stake in Osisko Gold Royalties in the 4th quarter valued at about $71,000. Advisor Group Holdings Inc. grew its position in shares of Osisko Gold Royalties by 35.3% during the 4th quarter. Advisor Group Holdings Inc. now owns 7,787 shares of the basic materials company’s stock worth $93,000 after buying an additional 2,033 shares during the period. Northern Trust Corp acquired a new position in Osisko Gold Royalties during the second quarter valued at approximately $101,000. Finally, First Republic Investment Management Inc. acquired a new stake in Osisko Gold Royalties in the second quarter worth $108,000. 58.77% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, Scotiabank initiated coverage on shares of Osisko Gold Royalties in a research report on Tuesday, August 22nd. They issued a “sector perform” rating and a $22.00 price objective for the company.
Osisko Gold Royalties Stock Performance
OR opened at $13.17 on Friday. The company has a market capitalization of $2.44 billion, a PE ratio of -31.36 and a beta of 0.83. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.45 and a quick ratio of 4.45. The business has a fifty day simple moving average of $12.35 and a 200 day simple moving average of $14.23. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $17.96.
Osisko Gold Royalties (NYSE:OR – Get Free Report) last posted its quarterly earnings results on Wednesday, August 9th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Osisko Gold Royalties had a positive return on equity of 7.14% and a negative net margin of 43.40%. The company had revenue of $45.04 million during the quarter. Research analysts expect that Osisko Gold Royalties Ltd will post 0.43 EPS for the current year.
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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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