Van ECK Associates Corp Acquires 202,007 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Van ECK Associates Corp boosted its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 1.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,266,313 shares of the basic materials company’s stock after purchasing an additional 202,007 shares during the quarter. Van ECK Associates Corp owned approximately 10.93% of Osisko Gold Royalties worth $289,402,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Montrusco Bolton Investments Inc. increased its holdings in shares of Osisko Gold Royalties by 191.4% in the third quarter. Montrusco Bolton Investments Inc. now owns 740,388 shares of the basic materials company’s stock worth $8,735,000 after purchasing an additional 486,286 shares during the last quarter. U S Global Investors Inc. raised its holdings in shares of Osisko Gold Royalties by 58.8% during the 4th quarter. U S Global Investors Inc. now owns 469,455 shares of the basic materials company’s stock worth $6,704,000 after acquiring an additional 173,909 shares in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Osisko Gold Royalties during the 3rd quarter valued at approximately $1,767,000. Mackenzie Financial Corp grew its holdings in shares of Osisko Gold Royalties by 26.7% in the fourth quarter. Mackenzie Financial Corp now owns 678,575 shares of the basic materials company’s stock valued at $9,689,000 after purchasing an additional 142,970 shares in the last quarter. Finally, Gabelli Funds LLC grew its holdings in shares of Osisko Gold Royalties by 15.7% in the third quarter. Gabelli Funds LLC now owns 939,215 shares of the basic materials company’s stock valued at $11,036,000 after purchasing an additional 127,500 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Osisko Gold Royalties Trading Up 0.1 %

NYSE OR traded up $0.02 during trading hours on Monday, hitting $16.07. 322,363 shares of the company were exchanged, compared to its average volume of 869,080. Osisko Gold Royalties Ltd has a 52 week low of $11.24 and a 52 week high of $17.96. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $15.64 and a 200 day moving average price of $14.40. The stock has a market cap of $2.99 billion, a PE ratio of -84.58 and a beta of 0.99.

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

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.0444 dividend. This represents a $0.18 annualized dividend and a dividend yield of 1.11%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 27th. Osisko Gold Royalties’s dividend payout ratio is presently -89.47%.

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.