Van ECK Associates Corp Has $335.07 Million Position in Osisko Gold Royalties Ltd (NYSE:OR)

Van ECK Associates Corp trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 0.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,101,961 shares of the basic materials company's stock after selling 89,786 shares during the quarter. Van ECK Associates Corp owned approximately 9.72% of Osisko Gold Royalties worth $335,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OR. EdgePoint Investment Group Inc. grew its position in shares of Osisko Gold Royalties by 2.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company's stock worth $406,002,000 after buying an additional 501,485 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $111,595,000 after purchasing an additional 60,083 shares in the last quarter. Price T Rowe Associates Inc. MD bought a new position in shares of Osisko Gold Royalties during the 1st quarter valued at about $109,825,000. Millennium Management LLC lifted its holdings in shares of Osisko Gold Royalties by 20.5% during the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company's stock valued at $102,631,000 after purchasing an additional 1,122,653 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of 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 valued at $41,186,000 after purchasing an additional 136,705 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

OR has been the topic of several recent analyst reports. TD Securities upgraded Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Jefferies Financial Group lifted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, Royal Bank of Canada cut their price objective on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, September 10th.

Osisko Gold Royalties Stock Up 1.2 %

NYSE OR traded up $0.25 during trading on Friday, hitting $20.38. The stock had a trading volume of 578,777 shares, compared to its average volume of 501,817. The company has a market capitalization of $3.80 billion, a PE ratio of -56.61 and a beta of 1.02. The company's 50-day moving average price is $18.74 and its two-hundred day moving average price is $17.31. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.92 and a current ratio of 4.92. Osisko Gold Royalties Ltd has a 12 month low of $11.89 and a 12 month high of $21.29.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.12 by $0.01. The firm had revenue of $47.39 million for the quarter. Osisko Gold Royalties had a positive return on equity of 6.80% and a negative net margin of 36.71%. As a group, sell-side analysts forecast that Osisko Gold Royalties Ltd will post 0.48 EPS for the current year.

Osisko Gold Royalties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.047 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.92%. The ex-dividend date was Monday, September 30th. Osisko Gold Royalties's dividend payout ratio is currently -52.78%.

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.