HighTower Advisors LLC decreased its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 48.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,802 shares of the basic materials company's stock after selling 81,212 shares during the quarter. HighTower Advisors LLC's holdings in Osisko Gold Royalties were worth $1,607,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Mackenzie Financial Corp raised its holdings in 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 purchasing an additional 1,391,005 shares during the last quarter. Millennium Management LLC increased its stake in Osisko Gold Royalties by 20.5% in 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 buying an additional 1,122,653 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Osisko Gold Royalties by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock valued at $14,766,000 after purchasing an additional 522,551 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its position in Osisko Gold Royalties by 53.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after acquiring an additional 338,354 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Osisko Gold Royalties during the second quarter worth approximately $4,405,000. Institutional investors and hedge funds own 68.52% of the company's stock.
Osisko Gold Royalties Stock Down 0.6 %
Shares of Osisko Gold Royalties stock traded down $0.12 during midday trading on Monday, hitting $18.96. The company had a trading volume of 539,373 shares, compared to its average volume of 727,842. The stock has a market capitalization of $3.54 billion, a P/E ratio of -90.33 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 Ltd has a 52-week low of $12.77 and a 52-week high of $21.29. The company has a 50 day moving average of $19.73 and a 200 day moving average of $18.04.
Osisko Gold Royalties Increases Dividend
The business also recently disclosed 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 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 dividend yield of 1.01%. Osisko Gold Royalties's payout ratio is -90.48%.
Analyst Ratings Changes
A number of equities research analysts recently weighed in on OR shares. Royal Bank of Canada reduced their price objective 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. Jefferies Financial Group raised 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 lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report 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.
Read Our Latest Research Report on OR
Osisko Gold Royalties 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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