American Century Companies Inc. Grows Stake in Osisko Gold Royalties Ltd (NYSE:OR)

American Century Companies Inc. lifted its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 20.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 565,066 shares of the basic materials company’s stock after purchasing an additional 95,000 shares during the quarter. American Century Companies Inc. owned 0.30% of Osisko Gold Royalties worth $8,804,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of OR. CIBC Asset Management Inc boosted its stake in Osisko Gold Royalties by 5.5% during the 2nd quarter. CIBC Asset Management Inc now owns 2,644,479 shares of the basic materials company’s stock valued at $41,186,000 after purchasing an additional 136,705 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Osisko Gold Royalties by 9.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock worth $610,000 after buying an additional 3,492 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Osisko Gold Royalties by 29.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,801 shares of the basic materials company’s stock worth $760,000 after buying an additional 11,070 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Osisko Gold Royalties during the 2nd quarter valued at about $4,405,000. Finally, Corundum Trust Company INC purchased a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at about $249,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Down 0.6 %

OR opened at $18.35 on Tuesday. The firm’s 50 day simple moving average is $17.36 and its two-hundred day simple moving average is $16.58. The company has a market capitalization of $3.42 billion, a PE ratio of -87.38 and a beta of 1.03. Osisko Gold Royalties Ltd has a 1-year low of $11.24 and a 1-year high of $18.79. The company has a current ratio of 4.92, a quick ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. The company had revenue of $47.39 million for the quarter. As a group, equities analysts forecast that Osisko Gold Royalties Ltd will post 0.47 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.047 dividend. This represents a $0.19 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, September 30th. Osisko Gold Royalties’s dividend payout ratio is -90.48%.

Analysts Set New Price Targets

Several research firms have recently weighed in on OR. TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada dropped their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group upgraded 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, July 12th.

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.