Anson Funds Management LP Boosts Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Anson Funds Management LP raised its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 64.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 217,700 shares of the basic materials company's stock after acquiring an additional 85,200 shares during the period. Anson Funds Management LP owned about 0.12% of Osisko Gold Royalties worth $4,032,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in OR. Capital Performance Advisors LLP purchased a new stake in Osisko Gold Royalties during the 3rd quarter valued at about $58,000. Point72 DIFC Ltd purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at $71,000. Icon Wealth Advisors LLC bought a new stake in Osisko Gold Royalties in the 3rd quarter worth $187,000. US Bancorp DE raised its stake in shares of Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock valued at $197,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new stake in shares of Osisko Gold Royalties in the second quarter worth about $211,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Stock Performance

Shares of OR traded down $0.41 during trading hours on Friday, hitting $19.16. The stock had a trading volume of 336,792 shares, compared to its average volume of 720,070. The firm has a market capitalization of $3.58 billion, a PE ratio of -91.24 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. Osisko Gold Royalties Ltd has a 12 month low of $12.77 and a 12 month high of $21.29. The stock has a fifty day moving average price of $19.64 and a 200 day moving average price of $17.92.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.048 per share. This is an increase 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 1.00%. Osisko Gold Royalties's payout ratio is presently -90.48%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Royal Bank of Canada dropped their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Jefferies Financial Group increased their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th. TD Cowen cut Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, TD Securities cut shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th.

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.