C WorldWide Group Holding A S Sells 29,824 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

C WorldWide Group Holding A S lowered its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 15.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 166,674 shares of the basic materials company’s stock after selling 29,824 shares during the quarter. C WorldWide Group Holding A S’s holdings in Osisko Gold Royalties were worth $2,380,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Acuitas Investments LLC increased its position in shares of Osisko Gold Royalties by 15.2% during the fourth quarter. Acuitas Investments LLC now owns 251,390 shares of the basic materials company’s stock valued at $3,590,000 after acquiring an additional 33,198 shares in the last quarter. Heartland Advisors Inc. grew its position in Osisko Gold Royalties by 19.6% in the 3rd quarter. Heartland Advisors Inc. now owns 478,200 shares of the basic materials company’s stock worth $5,619,000 after purchasing an additional 78,200 shares during the period. Sprott Inc. grew its position in Osisko Gold Royalties by 2.7% in the 3rd quarter. Sprott Inc. now owns 3,459,338 shares of the basic materials company’s stock worth $40,440,000 after purchasing an additional 90,292 shares during the period. Van ECK Associates Corp grew its position in Osisko Gold Royalties by 4.2% in the 3rd quarter. Van ECK Associates Corp now owns 20,064,306 shares of the basic materials company’s stock worth $235,755,000 after purchasing an additional 810,979 shares during the period. Finally, Versor Investments LP bought a new stake in Osisko Gold Royalties in the 3rd quarter worth approximately $495,000. Institutional investors own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lifted their target price on shares of Osisko Gold Royalties from $15.00 to $19.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd.

Osisko Gold Royalties Stock Performance

NYSE:OR traded up $0.11 during trading hours on Friday, reaching $16.05. The company had a trading volume of 401,883 shares, compared to its average volume of 792,429. The firm’s 50 day moving average price is $15.64 and its 200-day moving average price is $14.36. The firm has a market cap of $2.98 billion, a price-to-earnings ratio of -84.47 and a beta of 0.99. Osisko Gold Royalties Ltd has a 52 week low of $11.24 and a 52 week high of $17.96. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 0.12.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, February 20th. The basic materials company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The company had revenue of $47.87 million for the quarter. Osisko Gold Royalties had a negative net margin of 19.34% and a positive return on equity of 6.78%. On average, analysts forecast that Osisko Gold Royalties Ltd will post 0.45 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date was Wednesday, March 27th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.11%. Osisko Gold Royalties’s payout ratio is -94.74%.

About Osisko Gold Royalties

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.