EdgePoint Investment Group Inc. Reduces Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

EdgePoint Investment Group Inc. lowered its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 1.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 24,390,912 shares of the basic materials company’s stock after selling 337,222 shares during the quarter. Osisko Gold Royalties accounts for 3.2% of EdgePoint Investment Group Inc.’s portfolio, making the stock its 14th biggest holding. EdgePoint Investment Group Inc. owned about 0.13% of Osisko Gold Royalties worth $380,161,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of OR. EverSource Wealth Advisors LLC boosted its holdings in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 916 shares during the period. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties in the 2nd quarter worth $71,000. Creekmur Asset Management LLC purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter worth $136,000. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter worth $177,000. Finally, Armistice Capital LLC purchased a new stake in shares of Osisko Gold Royalties in the 4th quarter worth $184,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.3 %

Shares of NYSE:OR opened at $18.64 on Thursday. The business’s 50-day moving average is $17.38 and its 200 day moving average is $16.62. Osisko Gold Royalties Ltd has a 1 year low of $11.24 and a 1 year high of $18.79. The firm has a market capitalization of $3.47 billion, a P/E ratio of -88.76 and a beta of 1.03. 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 posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.01. The business 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%. On average, research analysts predict that Osisko Gold Royalties Ltd will post 0.47 earnings per share for the current fiscal year.

Osisko Gold Royalties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.047 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.01%. Osisko Gold Royalties’s payout ratio is -90.48%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on OR shares. Jefferies Financial Group upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a report on Friday, July 12th. Royal Bank of Canada reduced their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. Finally, TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research 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.