Montrusco Bolton Investments Inc. Has $10.40 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Montrusco Bolton Investments Inc. reduced its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 574,704 shares of the basic materials company's stock after selling 20,918 shares during the period. Montrusco Bolton Investments Inc. owned about 0.31% of Osisko Gold Royalties worth $10,402,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Fiera Capital Corp boosted its stake in Osisko Gold Royalties by 3.7% during the 3rd quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock valued at $14,133,000 after purchasing an additional 26,917 shares during the period. Polar Asset Management Partners Inc. purchased a new stake in shares of Osisko Gold Royalties in the 3rd quarter valued at approximately $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Osisko Gold Royalties by 45.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock valued at $7,783,000 after buying an additional 131,558 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Osisko Gold Royalties by 5.7% in the 3rd quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after purchasing an additional 82,150 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Osisko Gold Royalties by 81.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company's stock worth $4,268,000 after buying an additional 122,827 shares in the last quarter. Institutional investors own 68.52% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. TD Securities downgraded Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Jefferies Financial Group boosted their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th.

Osisko Gold Royalties Stock Performance

Osisko Gold Royalties stock traded down $0.23 during trading hours on Wednesday, hitting $18.46. The stock had a trading volume of 364,227 shares, compared to its average volume of 504,045. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The company has a market cap of $3.45 billion, a PE ratio of -87.88 and a beta of 1.02. The company has a 50-day moving average of $18.89 and a two-hundred day moving average of $18.55. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.04%. This is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -85.71%.

About Osisko Gold Royalties

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.