Osisko Gold Royalties (NYSE:OR) Shares Gap Up - What's Next?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) shares gapped up before the market opened on Friday . The stock had previously closed at $18.60, but opened at $19.33. Osisko Gold Royalties shares last traded at $19.03, with a volume of 168,892 shares traded.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Cowen cut Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. Jefferies Financial Group upped their price objective 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. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.3 %

The company has a market capitalization of $3.48 billion, a P/E ratio of -88.81 and a beta of 1.02. The business's fifty day moving average price is $19.07 and its 200 day moving average price is $18.28. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. The ex-dividend date is Tuesday, December 31st. This is a boost 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 1.03%. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -90.48%.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently bought and sold shares of OR. Renaissance Technologies LLC lifted its holdings in Osisko Gold Royalties by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company's stock worth $3,736,000 after buying an additional 27,400 shares in the last quarter. Fiera Capital Corp lifted its stake in shares of Osisko Gold Royalties by 3.7% during the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock valued at $14,133,000 after acquiring an additional 26,917 shares during the period. Polar Asset Management Partners Inc. acquired a new position in shares of Osisko Gold Royalties during the third quarter valued at $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Osisko Gold Royalties by 45.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock valued at $7,783,000 after acquiring an additional 131,558 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Osisko Gold Royalties by 237.0% in the second 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 period. Institutional investors and hedge funds own 68.52% of the company's stock.

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.