CIBC Asset Management Inc Has $47.43 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

CIBC Asset Management Inc trimmed its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 3.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 2,559,462 shares of the basic materials company's stock after selling 85,017 shares during the period. CIBC Asset Management Inc owned approximately 1.37% of Osisko Gold Royalties worth $47,426,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in OR. EverSource Wealth Advisors LLC raised its holdings in shares of Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 916 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Osisko Gold Royalties during the third quarter worth about $58,000. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties during the second quarter worth approximately $71,000. US Bancorp DE lifted its stake in shares of Osisko Gold Royalties by 32.1% in 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 period. Finally, Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties in the 2nd quarter valued at approximately $211,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on OR shares. Jefferies Financial Group raised their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a research report on Friday, October 4th. TD Cowen lowered Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada lowered their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. Finally, TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday.

Osisko Gold Royalties Price Performance

OR stock remained flat at $18.59 during midday trading on Friday. The company's stock had a trading volume of 585,235 shares, compared to its average volume of 733,822. The company has a market cap of $3.47 billion, a PE ratio of -88.62 and a beta of 1.03. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a one year low of $12.15 and a one year high of $21.29. The firm's fifty day simple moving average is $19.17 and its 200 day simple moving average is $17.52.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a yield of 1.03%. Osisko Gold Royalties's dividend payout ratio (DPR) 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.