Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Raymond James & Associates

Raymond James & Associates decreased its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 0.8% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 134,543 shares of the basic materials company’s stock after selling 1,124 shares during the quarter. Raymond James & Associates’ holdings in Osisko Gold Royalties were worth $2,490,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. EverSource Wealth Advisors LLC raised its holdings in Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 916 shares in the last quarter. Moors & Cabot Inc. raised its holdings in Osisko Gold Royalties by 5.1% during the second quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after purchasing an additional 1,000 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Osisko Gold Royalties by 6.5% during the first quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock worth $586,000 after purchasing an additional 2,182 shares in the last quarter. Point72 DIFC Ltd purchased a new position in Osisko Gold Royalties during the second quarter worth about $71,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in Osisko Gold Royalties by 9.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 59,528 shares of the basic materials company’s stock worth $977,000 after purchasing an additional 4,982 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.9 %

Shares of Osisko Gold Royalties stock opened at $20.48 on Wednesday. Osisko Gold Royalties Ltd has a 12-month low of $11.89 and a 12-month high of $21.29. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07. The stock has a market cap of $3.81 billion, a PE ratio of -56.89 and a beta of 1.03. The company has a 50-day moving average of $18.84 and a two-hundred day moving average of $17.37.

Osisko Gold Royalties (NYSE:OR) last issued its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The company had revenue of $47.39 million during the quarter. On average, research analysts anticipate that Osisko Gold Royalties Ltd will post 0.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.