Osisko Gold Royalties (NYSE:OR) Shares Down 2.6% - Should You Sell?

Osisko Gold Royalties Ltd (NYSE:OR - Get Free Report)'s share price traded down 2.6% during mid-day trading on Wednesday . The company traded as low as $18.24 and last traded at $18.24. 101,692 shares traded hands during trading, a decline of 75% from the average session volume of 410,289 shares. The stock had previously closed at $18.73.

Analyst Upgrades and Downgrades

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

Osisko Gold Royalties Price Performance

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's fifty day moving average is $18.97 and its 200-day moving average is $18.36. The stock has a market cap of $3.50 billion, a PE ratio of -89.33 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.048 dividend. This represents a $0.19 annualized dividend and a yield of 1.02%. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio is presently -85.71%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OR. Capital Performance Advisors LLP acquired a new stake in shares of Osisko Gold Royalties during the third quarter valued at about $58,000. Point72 DIFC Ltd acquired a new stake in Osisko Gold Royalties in the 2nd quarter valued at approximately $71,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties in the 3rd quarter valued at approximately $187,000. US Bancorp DE raised its position in Osisko Gold Royalties by 32.1% in 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. Finally, Squarepoint Ops LLC acquired a new position in Osisko Gold Royalties during the second quarter worth $211,000. Institutional investors and hedge funds own 68.52% of the company's stock.

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.