Rice Hall James & Associates LLC Sells 27,319 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Rice Hall James & Associates LLC trimmed its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 11.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 206,057 shares of the basic materials company’s stock after selling 27,319 shares during the period. Rice Hall James & Associates LLC owned approximately 0.11% of Osisko Gold Royalties worth $3,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. US Bancorp DE lifted its stake in Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 2,584 shares during the period. International Assets Investment Management LLC bought a new position in Osisko Gold Royalties during the third quarter valued at approximately $286,000. U S Global Investors Inc. boosted its holdings in Osisko Gold Royalties by 0.8% in the third quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after purchasing an additional 3,364 shares during the last quarter. Point72 DIFC Ltd bought a new stake in Osisko Gold Royalties in the 2nd quarter worth approximately $71,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at $288,000. Institutional investors own 68.52% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on OR. Jefferies Financial Group lifted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research report on Monday, July 22nd. Finally, Royal Bank of Canada dropped their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock opened at $20.38 on Friday. The stock has a market cap of $3.80 billion, a P/E ratio of -56.61 and a beta of 1.04. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. The stock’s fifty day moving average is $18.74 and its 200 day moving average is $17.29. Osisko Gold Royalties Ltd has a one year low of $11.89 and a one year high of $21.29.

Osisko Gold Royalties (NYSE:OR) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.12 by $0.01. The firm had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. Sell-side analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.047 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.92%. Osisko Gold Royalties’s payout ratio is currently -52.78%.

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.