Principal Financial Group Inc. Raises Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Principal Financial Group Inc. lifted its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,527,110 shares of the basic materials company's stock after acquiring an additional 82,150 shares during the period. Principal Financial Group Inc. owned 0.82% of Osisko Gold Royalties worth $28,316,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE boosted 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 purchasing an additional 2,584 shares during the period. International Assets Investment Management LLC acquired a new stake in Osisko Gold Royalties in the third quarter valued at approximately $286,000. U S Global Investors Inc. raised its stake in shares of Osisko Gold Royalties by 0.8% during the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company's stock worth $8,104,000 after buying an additional 3,364 shares during the period. Point72 DIFC Ltd purchased a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at approximately $71,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Osisko Gold Royalties in the 2nd quarter worth $288,000. 68.52% of the stock is owned by institutional investors.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock traded down $0.14 on Wednesday, hitting $18.44. 392,112 shares of the company were exchanged, compared to its average volume of 731,829. Osisko Gold Royalties Ltd has a 1-year low of $11.89 and a 1-year high of $21.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -87.81 and a beta of 1.03. The company has a 50-day moving average price of $19.09 and a 200 day moving average price of $17.51.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 is an increase from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.19 dividend on an annualized basis and a yield of 1.04%. Osisko Gold Royalties's payout ratio is -90.48%.

Analysts Set New Price Targets

Several research firms have issued reports on OR. TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday. Royal Bank of Canada dropped their price target on 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. TD Cowen lowered Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday. Finally, Jefferies Financial Group upped their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th.

Osisko Gold Royalties 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.