Osisko gold royalties Ltd (OR) Stake Lessened by Millennium Management LLC

Millennium Management LLC reduced its stake in shares of Osisko gold royalties Ltd (NYSE:OR) by 35.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,318 shares of the basic materials company’s stock after selling 176,962 shares during the quarter. Millennium Management LLC owned approximately 0.21% of Osisko gold royalties worth $2,812,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of OR. Renaissance Technologies LLC increased its holdings in shares of Osisko gold royalties by 66.7% in the 3rd quarter. Renaissance Technologies LLC now owns 750,574 shares of the basic materials company’s stock worth $5,697,000 after buying an additional 300,198 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of Osisko gold royalties by 244.9% in the 3rd quarter. Jane Street Group LLC now owns 103,129 shares of the basic materials company’s stock worth $782,000 after buying an additional 73,228 shares during the last quarter. Mackenzie Financial Corp increased its holdings in shares of Osisko gold royalties by 27.0% in the 3rd quarter. Mackenzie Financial Corp now owns 128,566 shares of the basic materials company’s stock worth $976,000 after buying an additional 27,335 shares during the last quarter. Morgan Stanley increased its holdings in shares of Osisko gold royalties by 22.9% in the 3rd quarter. Morgan Stanley now owns 1,729,492 shares of the basic materials company’s stock worth $13,127,000 after buying an additional 322,139 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Osisko gold royalties by 4.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,778,398 shares of the basic materials company’s stock worth $28,678,000 after buying an additional 170,268 shares during the last quarter. 50.90% of the stock is owned by hedge funds and other institutional investors.

OR stock opened at $11.01 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 8.59 and a current ratio of 8.59. Osisko gold royalties Ltd has a 52 week low of $7.00 and a 52 week high of $12.08. The firm has a market cap of $1.71 billion, a P/E ratio of 73.40, a price-to-earnings-growth ratio of 4.06 and a beta of -0.18.

Osisko gold royalties (NYSE:OR) last released its earnings results on Wednesday, February 20th. The basic materials company reported $0.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Osisko gold royalties had a negative net margin of 21.05% and a positive return on equity of 1.68%. The company had revenue of $115.34 million for the quarter, compared to analyst estimates of $126.70 million. During the same quarter last year, the firm earned $0.01 EPS. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. Research analysts expect that Osisko gold royalties Ltd will post 0.14 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were issued a dividend of $0.0378 per share. This represents a $0.15 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Thursday, March 28th. Osisko gold royalties’s dividend payout ratio is currently 100.00%.

A number of equities analysts have recently commented on OR shares. ValuEngine lowered shares of Osisko gold royalties from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. BMO Capital Markets reissued a “buy” rating and issued a $17.00 price target on shares of Osisko gold royalties in a report on Wednesday, February 20th. Desjardins lowered shares of Osisko gold royalties from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Zacks Investment Research raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, February 8th. Finally, TheStreet raised shares of Osisko gold royalties from a “d+” rating to a “c-” rating in a report on Tuesday, February 26th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Osisko gold royalties currently has an average rating of “Buy” and a consensus target price of $16.13.

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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; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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

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