Parvin Asset Management LLC Makes New $1.64 Million Investment in Osisko Gold Royalties Ltd (NYSE:OR)

Parvin Asset Management LLC bought a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 90,725 shares of the basic materials company’s stock, valued at approximately $1,642,000. Osisko Gold Royalties comprises 1.7% of Parvin Asset Management LLC’s portfolio, making the stock its 6th largest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of OR. SBI Securities Co. Ltd. bought a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $72,000. Northwest & Ethical Investments L.P. lifted its stake in shares of Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after buying an additional 626 shares during the period. Employees Retirement System of Texas bought a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $1,306,000. Finally, Franklin Resources Inc. lifted its stake in shares of Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock valued at $222,000 after buying an additional 534 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Performance

NYSE OR opened at $23.64 on Wednesday. The firm has a market cap of $4.42 billion, a price-to-earnings ratio of 262.67 and a beta of 0.88. The company has a 50 day moving average of $20.59 and a 200-day moving average of $19.76. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 1-year low of $15.12 and a 1-year high of $24.18.

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

Osisko Gold Royalties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date of this dividend was Monday, March 31st. Osisko Gold Royalties’s dividend payout ratio is currently 200.00%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on OR shares. Scotiabank upgraded shares of Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and increased their target price for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Royal Bank of Canada dropped their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. National Bankshares reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Finally, Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Osisko Gold Royalties presently has an average rating of “Moderate Buy” and an average target price of $23.00.

Osisko Gold Royalties 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.