Edmond DE Rothschild Holding S.A. Sells 1,229 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Edmond DE Rothschild Holding S.A. lowered its position in Osisko Gold Royalties Ltd (NYSE:OR) by 1.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 89,020 shares of the basic materials company’s stock after selling 1,229 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Osisko Gold Royalties were worth $1,610,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in OR. PFG Investments LLC increased its position in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after acquiring an additional 527 shares in the last quarter. Addenda Capital Inc. increased its holdings in 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 worth $694,000 after purchasing an additional 532 shares in the last quarter. Pictet Asset Management Holding SA raised its stake in shares of Osisko Gold Royalties by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock worth $521,000 after purchasing an additional 564 shares during the last quarter. Northwest & Ethical Investments L.P. lifted its holdings in shares of 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 valued at $114,000 after purchasing an additional 626 shares in the last quarter. Finally, Lane Generational LLC boosted its position in shares of 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 buying an additional 1,041 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Price Performance

OR opened at $20.92 on Wednesday. Osisko Gold Royalties Ltd has a fifty-two week low of $15.12 and a fifty-two week high of $21.34. The firm has a 50-day moving average of $19.39 and a 200 day moving average of $19.24. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market cap of $3.91 billion, a P/E ratio of 232.49 and a beta of 0.96.

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

Osisko Gold Royalties Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

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.