Paloma Partners Management Co boosted its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 20.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,805,305 shares of the basic materials company’s stock after acquiring an additional 302,772 shares during the quarter. Osisko Gold Royalties accounts for approximately 0.3% of Paloma Partners Management Co’s investment portfolio, making the stock its 20th biggest position. Paloma Partners Management Co owned 1.15% of Osisko Gold Royalties worth $20,857,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in shares of Osisko Gold Royalties by 20.6% in the 3rd quarter. Van ECK Associates Corp now owns 13,455,369 shares of the basic materials company’s stock valued at $173,709,000 after buying an additional 2,301,699 shares during the period. Vanguard Group Inc. boosted its stake in shares of Osisko Gold Royalties by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,187,359 shares of the basic materials company’s stock valued at $26,729,000 after buying an additional 135,161 shares during the period. TD Asset Management Inc. boosted its stake in shares of Osisko Gold Royalties by 31.8% in the 3rd quarter. TD Asset Management Inc. now owns 1,668,851 shares of the basic materials company’s stock valued at $21,484,000 after buying an additional 403,077 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of Osisko Gold Royalties by 7.2% in the 4th quarter. The Manufacturers Life Insurance Company now owns 649,038 shares of the basic materials company’s stock valued at $7,503,000 after buying an additional 43,786 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in shares of Osisko Gold Royalties by 340.8% in the 3rd quarter. CIBC Asset Management Inc now owns 540,008 shares of the basic materials company’s stock valued at $6,949,000 after buying an additional 417,498 shares during the period. Institutional investors own 48.91% of the company’s stock.
Several equities analysts have recently issued reports on OR shares. Zacks Investment Research cut Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. ValuEngine cut Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Finally, Desjardins reiterated a “buy” rating on shares of Osisko Gold Royalties in a research note on Monday, December 11th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $18.25.
Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Tuesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $109.60 million for the quarter, compared to analysts’ expectations of $82.45 million. Osisko Gold Royalties had a positive return on equity of 1.45% and a negative net margin of 20.24%. Osisko Gold Royalties’s revenue for the quarter was up 700.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. analysts forecast that Osisko Gold Royalties Ltd will post 0.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Friday, March 30th will be paid a dividend of $0.04 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.16 annualized dividend and a yield of 1.62%. Osisko Gold Royalties’s payout ratio is presently -94.11%.
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About Osisko Gold Royalties
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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