Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Heartland Advisors Inc.

Heartland Advisors Inc. cut its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 38.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 300,000 shares of the basic materials company’s stock after selling 186,200 shares during the quarter. Heartland Advisors Inc. owned 0.16% of Osisko Gold Royalties worth $4,926,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Osisko Gold Royalties in the fourth quarter worth $18,728,000. Van ECK Associates Corp grew its position in shares of Osisko Gold Royalties by 3.7% in the first quarter. Van ECK Associates Corp now owns 21,012,286 shares of the basic materials company’s stock valued at $345,021,000 after purchasing an additional 745,973 shares during the period. Fiera Capital Corp grew its position in shares of Osisko Gold Royalties by 102.5% in the fourth quarter. Fiera Capital Corp now owns 1,068,769 shares of the basic materials company’s stock valued at $15,303,000 after purchasing an additional 540,915 shares during the period. TD Asset Management Inc grew its position in shares of Osisko Gold Royalties by 38.6% in the fourth quarter. TD Asset Management Inc now owns 1,452,558 shares of the basic materials company’s stock valued at $20,831,000 after purchasing an additional 404,297 shares during the period. Finally, Sprott Inc. grew its position in shares of Osisko Gold Royalties by 10.4% in the fourth quarter. Sprott Inc. now owns 3,820,710 shares of the basic materials company’s stock valued at $54,558,000 after purchasing an additional 361,372 shares during the period. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Jefferies Financial Group raised Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Friday.

Osisko Gold Royalties Trading Up 2.9 %

Shares of NYSE:OR traded up $0.48 during trading on Friday, hitting $17.21. The company’s stock had a trading volume of 777,554 shares, compared to its average volume of 844,214. The company has a current ratio of 4.95, a quick ratio of 4.95 and a debt-to-equity ratio of 0.09. Osisko Gold Royalties Ltd has a fifty-two week low of $11.24 and a fifty-two week high of $17.37. The stock’s 50-day moving average price is $16.27 and its two-hundred day moving average price is $15.51.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.11 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.69% and a negative net margin of 21.54%. The business had revenue of $45.06 million for the quarter. As a group, analysts forecast that Osisko Gold Royalties Ltd will post 0.49 EPS for the current year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.047 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.19 annualized dividend and a yield of 1.09%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

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.