Osisko Gold Royalties Ltd (NYSE:OR) Position Increased by Mackenzie Financial Corp

Mackenzie Financial Corp raised its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 26.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 678,575 shares of the basic materials company’s stock after buying an additional 142,970 shares during the quarter. Mackenzie Financial Corp owned 0.37% of Osisko Gold Royalties worth $9,689,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ingalls & Snyder LLC purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $180,000. Cerity Partners LLC purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $250,000. International Assets Investment Management LLC purchased a new stake in shares of Osisko Gold Royalties in the fourth quarter worth approximately $171,000. U S Global Investors Inc. lifted its position in shares of Osisko Gold Royalties by 58.8% in the fourth quarter. U S Global Investors Inc. now owns 469,455 shares of the basic materials company’s stock worth $6,704,000 after purchasing an additional 173,909 shares in the last quarter. Finally, Addenda Capital Inc. lifted its position in shares of Osisko Gold Royalties by 8.2% in the fourth quarter. Addenda Capital Inc. now owns 34,743 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 2,646 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on shares of Osisko Gold Royalties in a research report on Thursday, February 29th. They issued a “hold” rating and a $15.00 price target for the company.

Osisko Gold Royalties Price Performance

NYSE OR opened at $16.11 on Friday. The company has a 50 day simple moving average of $15.49 and a 200-day simple moving average of $14.22. Osisko Gold Royalties Ltd has a 52-week low of $11.24 and a 52-week high of $17.96. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.11 and a quick ratio of 4.11.

Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings data 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. Osisko Gold Royalties had a positive return on equity of 6.78% and a negative net margin of 19.34%. The firm had revenue of $47.87 million for the quarter. Research analysts anticipate that Osisko Gold Royalties Ltd will post 0.42 EPS for the current fiscal year.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.0444 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.18 dividend on an annualized basis and a yield of 1.10%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is currently -94.74%.

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.