Arrowstreet Capital Limited Partnership Has $74.16 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Arrowstreet Capital Limited Partnership lifted its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 352.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,099,521 shares of the basic materials company’s stock after acquiring an additional 3,194,173 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Osisko Gold Royalties were worth $74,160,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFG Investments LLC increased its position in Osisko Gold Royalties by 2.2% in the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 527 shares during the last quarter. Addenda Capital Inc. lifted its holdings in shares of Osisko Gold Royalties by 1.4% during the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after buying an additional 532 shares during the last quarter. Pictet Asset Management Holding SA grew its stake in shares of Osisko Gold Royalties by 2.0% in the 4th quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock valued at $521,000 after buying an additional 564 shares in the last quarter. Northwest & Ethical Investments L.P. increased its holdings in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after buying an additional 626 shares during the last quarter. Finally, Lane Generational LLC raised its position in Osisko Gold Royalties by 0.3% during the fourth quarter. Lane Generational LLC now owns 303,401 shares of the basic materials company’s stock valued at $5,492,000 after acquiring an additional 1,041 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on OR shares. Scotiabank decreased their target price on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Royal Bank of Canada upped their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.67.

Osisko Gold Royalties Trading Up 0.9 %

Shares of OR stock opened at $21.11 on Tuesday. Osisko Gold Royalties Ltd has a 12 month low of $15.12 and a 12 month high of $21.34. The company has a market cap of $3.94 billion, a PE ratio of 234.50 and a beta of 0.96. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The business’s 50 day moving average is $19.35 and its two-hundred day moving average is $19.22.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Equities analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 200.00%.

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.