Renaissance Technologies LLC Boosts Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Renaissance Technologies LLC raised its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 43.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 491,302 shares of the basic materials company’s stock after buying an additional 149,102 shares during the quarter. Renaissance Technologies LLC owned about 0.26% of Osisko Gold Royalties worth $8,893,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties during the fourth quarter valued at about $57,000. CIBC Asset Management Inc increased its stake in Osisko Gold Royalties by 21.6% during the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after buying an additional 82,150 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth $852,000. Finally, Geode Capital Management LLC lifted its stake in shares of Osisko Gold Royalties by 8.4% during the third quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company’s stock worth $1,498,000 after buying an additional 6,251 shares during the period. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Down 1.6 %

Shares of OR opened at $23.35 on Friday. The stock’s 50-day moving average price is $20.02 and its 200-day moving average price is $19.51. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 259.40 and a beta of 0.88. Osisko Gold Royalties Ltd has a 52 week low of $15.12 and a 52 week high of $24.07.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to analysts’ expectations of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. On average, sell-side analysts predict that Osisko Gold Royalties Ltd will post 0.62 EPS for the current year.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.0457 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.18 dividend on an annualized basis and a yield of 0.78%. Osisko Gold Royalties’s payout ratio is 200.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OR shares. National Bankshares restated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 2nd. Royal Bank of Canada reduced their price objective on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research note on Friday, April 4th. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Finally, Scotiabank upgraded shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $22.00 to $24.00 in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

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.