Acuitas Investments LLC Cuts Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Acuitas Investments LLC trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR) by 26.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 167,008 shares of the basic materials company’s stock after selling 58,836 shares during the quarter. Osisko Gold Royalties accounts for about 1.4% of Acuitas Investments LLC’s investment portfolio, making the stock its 24th largest holding. Acuitas Investments LLC’s holdings in Osisko Gold Royalties were worth $2,602,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC increased its holdings in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after buying an additional 916 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Osisko Gold Royalties during the fourth quarter valued at approximately $136,000. Vanguard Personalized Indexing Management LLC bought a new stake in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $177,000. Armistice Capital LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter worth approximately $184,000. Finally, Clearbridge Investments LLC bought a new position in shares of Osisko Gold Royalties during the 4th quarter valued at approximately $224,000. 68.52% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

OR has been the subject of a number of analyst reports. TD Securities upgraded Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Jefferies Financial Group raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research note on Friday, July 12th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $16.84 on Friday. The stock has a market cap of $3.14 billion, a price-to-earnings ratio of -80.14 and a beta of 1.03. The firm has a 50-day moving average of $17.00 and a two-hundred day moving average of $16.30. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $18.34. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.92 and a quick ratio of 4.92.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The business had revenue of $47.39 million during the quarter. On average, research analysts forecast that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current year.

Osisko Gold Royalties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.047 per share. The ex-dividend date is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.12%. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

Osisko Gold Royalties 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.