Mackenzie Financial Corp Has $9.69 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Mackenzie Financial Corp grew its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 26.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 678,575 shares of the basic materials company’s stock after buying an additional 142,970 shares during the quarter. Mackenzie Financial Corp’s holdings in Osisko Gold Royalties were worth $9,689,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CIBC Asset Management Inc increased its position in Osisko Gold Royalties by 0.4% in the second quarter. CIBC Asset Management Inc now owns 246,632 shares of the basic materials company’s stock worth $3,793,000 after purchasing an additional 877 shares during the period. Raymond James & Associates increased its position in Osisko Gold Royalties by 6.5% in the fourth quarter. Raymond James & Associates now owns 15,076 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 917 shares during the period. Commonwealth Equity Services LLC increased its position in Osisko Gold Royalties by 8.9% in the third quarter. Commonwealth Equity Services LLC now owns 12,555 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 1,021 shares during the period. SG Americas Securities LLC increased its position in Osisko Gold Royalties by 2.5% in the third quarter. SG Americas Securities LLC now owns 46,276 shares of the basic materials company’s stock worth $544,000 after purchasing an additional 1,108 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in Osisko Gold Royalties by 10.8% in the third quarter. Tower Research Capital LLC TRC now owns 12,437 shares of the basic materials company’s stock worth $146,000 after purchasing an additional 1,212 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on Osisko Gold Royalties in a research report on Thursday, February 29th. They issued a “hold” rating and a $15.00 price objective for the company.

Osisko Gold Royalties Stock Down 0.3 %

Osisko Gold Royalties stock opened at $16.11 on Friday. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $17.96. The business has a 50-day moving average of $15.49 and a 200-day moving average of $14.22. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.11 and a current ratio of 4.11.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. The company had revenue of $47.87 million during the quarter. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. As a group, sell-side analysts expect that Osisko Gold Royalties Ltd will post 0.42 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.0444 per share. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a dividend yield of 1.10%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s payout ratio is presently -94.74%.

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 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.