Global Alpha Capital Management Ltd. Trims Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Global Alpha Capital Management Ltd. trimmed its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 18.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,136,822 shares of the basic materials company's stock after selling 249,500 shares during the period. Osisko Gold Royalties accounts for 1.4% of Global Alpha Capital Management Ltd.'s investment portfolio, making the stock its 29th biggest holding. Global Alpha Capital Management Ltd. owned 0.61% of Osisko Gold Royalties worth $21,054,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of OR. EdgePoint Investment Group Inc. raised its holdings in shares of Osisko Gold Royalties by 2.1% in the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company's stock valued at $406,002,000 after buying an additional 501,485 shares during the last quarter. Vanguard Group Inc. increased its position in Osisko Gold Royalties by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company's stock worth $111,595,000 after buying an additional 60,083 shares during the period. Price T Rowe Associates Inc. MD bought a new position in Osisko Gold Royalties during the 1st quarter worth $109,825,000. Millennium Management LLC boosted its stake in Osisko Gold Royalties by 20.5% in the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company's stock valued at $102,631,000 after buying an additional 1,122,653 shares in the last quarter. Finally, CIBC Asset Management Inc grew its position 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 worth $41,186,000 after acquiring an additional 136,705 shares during the last quarter. Institutional investors and hedge funds own 68.52% of the company's stock.

Osisko Gold Royalties Trading Up 0.5 %

NYSE OR traded up $0.09 during trading hours on Wednesday, hitting $19.84. 369,250 shares of the company were exchanged, compared to its average volume of 748,373. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a 50-day moving average price of $19.30 and a 200 day moving average price of $17.63. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The stock has a market cap of $3.70 billion, a PE ratio of -93.98 and a beta of 1.03.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a dividend yield of 0.97%. 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 -90.48%.

Analysts Set New Price Targets

OR has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their target price 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. Royal Bank of Canada decreased their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 10th. TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, TD Cowen lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th.

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.