Cerity Partners LLC Makes New Investment in Osisko Gold Royalties Ltd (NYSE:OR)

Cerity Partners LLC acquired a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,526 shares of the basic materials company’s stock, valued at approximately $250,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Heartland Advisors Inc. increased its position in shares of Osisko Gold Royalties by 19.6% during the third quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock worth $5,619,000 after acquiring an additional 78,200 shares during the last quarter. Sprott Inc. increased its position in shares of Osisko Gold Royalties by 2.7% during the third quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock worth $40,440,000 after acquiring an additional 90,292 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Osisko Gold Royalties by 4.2% during the third quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock worth $235,755,000 after acquiring an additional 810,979 shares during the last quarter. Versor Investments LP purchased a new stake in shares of Osisko Gold Royalties during the third quarter worth about $495,000. Finally, Qube Research & Technologies Ltd increased its position in shares of Osisko Gold Royalties by 58.7% during the third quarter. Qube Research & Technologies Ltd now owns 300,572 shares of the basic materials company’s stock worth $3,532,000 after acquiring an additional 111,162 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lifted their target price on Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Stock Up 0.7 %

Shares of Osisko Gold Royalties stock opened at $16.05 on Monday. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.98 billion, a P/E ratio of -84.47 and a beta of 0.99. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $17.96. The business has a 50-day moving average price of $15.64 and a 200 day moving average price of $14.40.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The firm 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%. On average, sell-side analysts forecast that Osisko Gold Royalties Ltd will post 0.45 earnings per share for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0444 dividend. 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 yield of 1.11%. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s payout ratio is currently -94.74%.

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.