Jane Street Group LLC Sells 273,835 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Jane Street Group LLC lessened its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 63.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,140 shares of the basic materials company's stock after selling 273,835 shares during the period. Jane Street Group LLC owned 0.08% of Osisko Gold Royalties worth $2,929,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Raymond James & Associates increased its stake in Osisko Gold Royalties by 9.1% in the second quarter. Raymond James & Associates now owns 135,667 shares of the basic materials company's stock valued at $2,114,000 after acquiring an additional 11,316 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Osisko Gold Royalties during the second quarter valued at approximately $4,405,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Osisko Gold Royalties by 29.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,801 shares of the basic materials company's stock worth $760,000 after acquiring an additional 11,070 shares in the last quarter. Commonwealth Equity Services LLC grew its position in Osisko Gold Royalties by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company's stock valued at $610,000 after purchasing an additional 3,492 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of Osisko Gold Royalties by 5.5% during the second quarter. CIBC Asset Management Inc now owns 2,644,479 shares of the basic materials company's stock valued at $41,186,000 after buying an additional 136,705 shares during the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Jefferies Financial Group increased their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research note on Friday, October 4th. Royal Bank of Canada dropped their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, September 10th. Finally, TD Cowen lowered Osisko Gold Royalties from a "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 trading on Friday, hitting $18.29. The company had a trading volume of 1,710,395 shares, compared to its average volume of 729,466. 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 has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The company has a fifty day simple moving average of $19.70 and a two-hundred day simple moving average of $18.11. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.048 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.19 annualized dividend and a dividend yield of 1.05%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend 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.