Public Employees Retirement System of Ohio Makes New Investment in Osisko Gold Royalties Ltd (NYSE:OR)

Public Employees Retirement System of Ohio bought a new stake in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 45,958 shares of the basic materials company's stock, valued at approximately $852,000.

Several other large investors have also made changes to their positions in OR. Capital Performance Advisors LLP acquired a new position in Osisko Gold Royalties in the third quarter valued at about $58,000. Point72 DIFC Ltd bought a new position in shares of Osisko Gold Royalties in the second quarter valued at approximately $71,000. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties in the 3rd quarter worth approximately $187,000. US Bancorp DE grew its position in Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock worth $197,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in Osisko Gold Royalties during the 2nd quarter worth approximately $211,000. Institutional investors own 68.52% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Royal Bank of Canada reduced their price objective 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. TD Cowen downgraded shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Jefferies Financial Group raised their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, October 4th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th.

Osisko Gold Royalties Trading Down 0.8 %

Shares of NYSE OR traded down $0.15 during mid-day trading on Friday, hitting $18.29. The company's stock had a trading volume of 1,710,395 shares, compared to its average volume of 729,466. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of -87.10 and a beta of 1.02. The company's fifty day simple moving average is $19.70 and its 200-day simple moving average is $18.09. Osisko Gold Royalties Ltd has a one year low of $12.77 and a one year high of $21.29.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's payout ratio is currently -90.48%.

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.