Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by PCJ Investment Counsel Ltd.

PCJ Investment Counsel Ltd. reduced its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 20.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 232,170 shares of the basic materials company's stock after selling 58,684 shares during the period. Osisko Gold Royalties comprises 1.4% of PCJ Investment Counsel Ltd.'s investment portfolio, making the stock its 22nd biggest position. PCJ Investment Counsel Ltd. owned approximately 0.12% of Osisko Gold Royalties worth $4,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. EdgePoint Investment Group Inc. boosted its position in shares of Osisko Gold Royalties by 2.1% during the first quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company's stock worth $406,002,000 after acquiring an additional 501,485 shares during the last quarter. Vanguard Group Inc. increased 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 acquired a new stake in Osisko Gold Royalties in the 1st quarter valued at $109,825,000. Millennium Management LLC boosted its stake in 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 worth $102,631,000 after purchasing an additional 1,122,653 shares during the last quarter. Finally, CIBC Asset Management Inc raised 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 worth $41,186,000 after acquiring an additional 136,705 shares during the period. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR traded up $0.07 during mid-day trading on Wednesday, reaching $19.82. The company had a trading volume of 210,108 shares, compared to its average volume of 747,608. The company's 50-day moving average price is $19.30 and its 200-day moving average price is $17.63. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a one year low of $12.77 and a one year high of $21.29. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -93.98 and a beta of 1.03.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.97%. Osisko Gold Royalties's dividend payout ratio is presently -90.48%.

Analyst Upgrades and Downgrades

OR has been the topic of several recent analyst reports. Jefferies Financial Group increased their price target 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 Cowen cut Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th. Royal Bank of Canada reduced their price target on 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. Finally, TD Securities downgraded Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th.

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.