Osisko Gold Royalties (NYSE:OR) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.47 and traded as high as $19.14. Osisko Gold Royalties shares last traded at $18.77, with a volume of 732,902 shares traded.

Analysts Set New Price Targets

OR has been the subject of several recent research reports. TD Cowen downgraded Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Jefferies Financial Group upped their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. Finally, TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th.

Osisko Gold Royalties Stock Down 0.1 %

The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock has a market capitalization of $3.50 billion, a PE ratio of -89.36 and a beta of 1.02. The company has a 50 day moving average price of $18.92 and a 200-day moving average price of $18.49.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.048 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a yield of 1.02%. Osisko Gold Royalties's dividend payout ratio (DPR) is -85.71%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings 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. Millennium Management LLC boosted its position in shares of 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 worth $102,631,000 after purchasing an additional 1,122,653 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Osisko Gold Royalties by 190.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock worth $14,766,000 after buying an additional 522,551 shares during the last quarter. Scheer Rowlett & Associates Investment Management Ltd. increased its position in Osisko Gold Royalties by 53.9% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock valued at $17,886,000 after buying an additional 338,354 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Osisko Gold Royalties by 45.5% during 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 buying an additional 131,558 shares during the last quarter. Hedge funds and other institutional investors 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.