Cambridge Investment Research Advisors Inc. lowered its position in Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) by 6.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 151,753 shares of the basic materials company's stock after selling 9,640 shares during the quarter. Cambridge Investment Research Advisors Inc. owned approximately 0.08% of Osisko Gold Royalties worth $1,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Shepherd Kaplan Krochuk LLC boosted its stake in Osisko Gold Royalties by 4.4% in the first quarter. Shepherd Kaplan Krochuk LLC now owns 23,500 shares of the basic materials company's stock worth $310,000 after buying an additional 1,000 shares in the last quarter. Vident Investment Advisory LLC lifted its position in Osisko Gold Royalties by 9.2% in the first quarter. Vident Investment Advisory LLC now owns 16,504 shares of the basic materials company's stock valued at $218,000 after purchasing an additional 1,389 shares during the last quarter. Toronto Dominion Bank lifted its position in Osisko Gold Royalties by 1.1% in the first quarter. Toronto Dominion Bank now owns 138,774 shares of the basic materials company's stock valued at $1,834,000 after purchasing an additional 1,451 shares during the last quarter. Heartland Advisors Inc. lifted its position in Osisko Gold Royalties by 0.3% in the first quarter. Heartland Advisors Inc. now owns 805,255 shares of the basic materials company's stock valued at $10,621,000 after purchasing an additional 2,400 shares during the last quarter. Finally, UMB Bank N A MO lifted its position in Osisko Gold Royalties by 141.2% in the first quarter. UMB Bank N A MO now owns 4,100 shares of the basic materials company's stock valued at $54,000 after purchasing an additional 2,400 shares during the last quarter. Hedge funds and other institutional investors own 55.53% of the company's stock.
Get Osisko Gold Royalties alerts:Analyst Upgrades and Downgrades
Several brokerages have weighed in on OR. BMO Capital Markets lowered their price objective on Osisko Gold Royalties from $22.00 to $18.50 and set a "market perform" rating for the company in a research report on Wednesday, August 10th. Stifel Nicolaus decreased their target price on Osisko Gold Royalties from C$22.00 to C$19.50 in a report on Wednesday, July 20th. TD Securities upped their target price on Osisko Gold Royalties from C$18.50 to C$20.00 in a report on Thursday, August 11th. Raymond James upped their target price on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Thursday, August 11th. Finally, National Bank Financial decreased their target price on Osisko Gold Royalties from C$22.00 to C$20.00 in a report on Thursday, July 21st.
Osisko Gold Royalties Stock Up 2.8 %
Shares of OR stock opened at $10.18 on Friday. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of -508.75 and a beta of 0.76. The business's fifty day moving average is $10.06 and its 200 day moving average is $11.20. Osisko Gold Royalties Ltd has a twelve month low of $9.19 and a twelve month high of $14.56.Osisko Gold Royalties (NYSE:OR – Get Rating) last issued its quarterly earnings results on Tuesday, August 9th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $50.12 million during the quarter. Osisko Gold Royalties had a positive return on equity of 0.94% and a negative net margin of 0.95%. Equities research analysts expect that Osisko Gold Royalties Ltd will post 0.36 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 Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a $0.043 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.69%. Osisko Gold Royalties's dividend payout ratio is currently -849.58%.
About Osisko Gold Royalties
(Get Rating)
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
Recommended Stories
- Get a free copy of the StockNews.com research report on Osisko Gold Royalties (OR)
- EV Battery Maker Freyr Set For Major Global Expansion
- MarketBeat: Week in Review 9/26 – 9/30
- This Is A Memorable Time To Buy Into Micron Technology
- Let Paychex Stock Work Hard For You
- Declining Profits Challenge the CarMax Value Proposition
Want to see what other hedge funds are holding OR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Osisko Gold Royalties Ltd (NYSE:OR – Get Rating).
Receive News & Ratings for Osisko Gold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko Gold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.