Hexavest Inc. lessened its holdings in Osisko gold royalties Ltd (NYSE:OR) by 52.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,832 shares of the basic materials company’s stock after selling 64,627 shares during the quarter. Hexavest Inc.’s holdings in Osisko gold royalties were worth $446,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Fiera Capital Corp boosted its stake in Osisko gold royalties by 1.8% during the 2nd quarter. Fiera Capital Corp now owns 348,800 shares of the basic materials company’s stock worth $3,304,000 after acquiring an additional 6,000 shares during the last quarter. Guggenheim Capital LLC boosted its stake in Osisko gold royalties by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 160,957 shares of the basic materials company’s stock worth $1,556,000 after acquiring an additional 7,167 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Osisko gold royalties by 53.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock worth $209,000 after acquiring an additional 7,698 shares during the last quarter. Exane Derivatives boosted its stake in Osisko gold royalties by 9.2% during the 2nd quarter. Exane Derivatives now owns 95,000 shares of the basic materials company’s stock worth $893,000 after acquiring an additional 8,000 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in Osisko gold royalties by 53.7% during the 1st quarter. Legal & General Group Plc now owns 40,190 shares of the basic materials company’s stock worth $388,000 after acquiring an additional 14,038 shares during the last quarter. 48.31% of the stock is currently owned by institutional investors.

Shares of OR stock opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 7.49 and a current ratio of 7.78. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 58.64, a P/E/G ratio of 24.79 and a beta of 0.24. Osisko gold royalties Ltd has a 52 week low of $7.29 and a 52 week high of $13.35.

Osisko gold royalties (NYSE:OR) last announced its earnings results on Thursday, August 2nd. The basic materials company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The firm had revenue of $137.80 million for the quarter, compared to the consensus estimate of $144.15 million. Osisko gold royalties had a negative net margin of 12.42% and a positive return on equity of 0.97%. The business’s quarterly revenue was up 640.9% on a year-over-year basis. During the same period last year, the company posted $0.07 EPS. On average, analysts forecast that Osisko gold royalties Ltd will post 0.09 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.038 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $0.15 annualized dividend and a yield of 1.85%. Osisko gold royalties’s dividend payout ratio (DPR) is currently 107.14%.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Osisko gold royalties from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised shares of Osisko gold royalties from a “d” rating to a “c-” rating in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $20.00.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

See Also: What are Closed-End Mutual Funds?

Institutional Ownership by Quarter for Osisko gold royalties (NYSE:OR)

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.