National Bank of Canada FI cut its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 2.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,294,555 shares of the basic materials company's stock after selling 37,614 shares during the period. National Bank of Canada FI owned 0.69% of Osisko Gold Royalties worth $23,972,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in OR. Renaissance Technologies LLC boosted its holdings in Osisko Gold Royalties by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company's stock valued at $3,736,000 after purchasing an additional 27,400 shares during the period. Fiera Capital Corp increased its holdings in Osisko Gold Royalties by 3.7% in the 3rd quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock valued at $14,133,000 after buying an additional 26,917 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of Osisko Gold Royalties by 237.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company's stock worth $30,827,000 after acquiring an additional 1,391,005 shares during the period. Principal Financial Group Inc. increased its stake in Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock valued at $28,316,000 after acquiring an additional 82,150 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Osisko Gold Royalties by 81.1% during 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.
Wall Street Analysts Forecast Growth
Several brokerages recently commented on OR. Jefferies Financial Group increased 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 note on Friday, October 4th. TD Securities lowered Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. TD Cowen downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada cut their target price 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.
Check Out Our Latest Stock Analysis on OR
Osisko Gold Royalties Trading Down 0.1 %
Shares of OR traded down $0.03 during mid-day trading on Tuesday, reaching $19.58. 633,357 shares of the company were exchanged, compared to its average volume of 730,959. The business has a 50 day simple moving average of $19.67 and a two-hundred day simple moving average of $17.95. 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 capitalization of $3.65 billion, a PE ratio of -93.10 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.
Osisko Gold Royalties Increases Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 annualized dividend and a yield of 0.98%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio (DPR) is currently -90.48%.
Osisko Gold Royalties Company Profile
(
Free Report)
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.
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