Euro Pacific Asset Management LLC Sells 65,285 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Euro Pacific Asset Management LLC lessened its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,171,204 shares of the basic materials company’s stock after selling 65,285 shares during the period. Osisko Gold Royalties comprises 3.5% of Euro Pacific Asset Management LLC’s investment portfolio, making the stock its 6th largest holding. Euro Pacific Asset Management LLC owned about 0.63% of Osisko Gold Royalties worth $16,698,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Heartland Advisors Inc. raised its holdings in Osisko Gold Royalties by 19.6% during the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock worth $5,619,000 after buying an additional 78,200 shares during the period. National Bank of Canada FI grew its stake in Osisko Gold Royalties by 18.4% during the 3rd quarter. National Bank of Canada FI now owns 1,352,296 shares of the basic materials company’s stock valued at $15,472,000 after acquiring an additional 210,209 shares in the last quarter. Sprott Inc. grew its stake in Osisko Gold Royalties by 2.7% during the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock valued at $40,440,000 after acquiring an additional 90,292 shares in the last quarter. Van ECK Associates Corp grew its stake in Osisko Gold Royalties by 4.2% during the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock valued at $235,755,000 after acquiring an additional 810,979 shares in the last quarter. Finally, Versor Investments LP purchased a new position in Osisko Gold Royalties during the 3rd quarter valued at about $495,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group assumed coverage on Osisko Gold Royalties in a research note on Thursday, February 29th. They set a “hold” rating and a $15.00 target price on the stock.

Osisko Gold Royalties Stock Up 0.3 %

NYSE:OR traded up $0.05 on Thursday, hitting $16.19. 191,896 shares of the company’s stock traded hands, compared to its average volume of 893,556. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $17.96. The firm has a 50-day moving average price of $15.43 and a 200-day moving average price of $14.17. The company has a market cap of $3.01 billion, a PE ratio of -85.58 and a beta of 0.99.

Osisko Gold Royalties (NYSE:OR) last released its earnings results 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. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. The company had revenue of $47.87 million for the quarter. Equities analysts anticipate that Osisko Gold Royalties Ltd will post 0.42 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.0444 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 annualized dividend and a dividend yield of 1.10%. 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.