Edmond DE Rothschild Holding S.A. Has $1.61 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Edmond DE Rothschild Holding S.A. lowered its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,020 shares of the basic materials company’s stock after selling 1,229 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in Osisko Gold Royalties were worth $1,610,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new position in shares of Osisko Gold Royalties in the fourth quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in Osisko Gold Royalties during the 4th quarter worth approximately $72,000. Northwest & Ethical Investments L.P. increased its position in Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 626 shares during the period. SeaBridge Investment Advisors LLC bought a new position in shares of Osisko Gold Royalties during the fourth quarter valued at $244,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Osisko Gold Royalties by 10.5% during the fourth quarter. Bank of New York Mellon Corp now owns 14,469 shares of the basic materials company’s stock worth $262,000 after purchasing an additional 1,373 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

OR has been the subject of a number of recent research reports. Royal Bank of Canada increased their price objective on Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, February 11th. Scotiabank lowered their price objective on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $22.67.

Osisko Gold Royalties Price Performance

OR stock opened at $20.92 on Wednesday. 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 firm has a market cap of $3.91 billion, a price-to-earnings ratio of 232.49 and a beta of 0.96. The company’s fifty day simple moving average is $19.39 and its 200 day simple moving average is $19.24. Osisko Gold Royalties Ltd has a 12-month low of $15.12 and a 12-month high of $21.34.

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

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.0457 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.18 annualized dividend and a dividend yield of 0.87%. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

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.