Principal Financial Group Inc. Has $28.32 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

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

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP acquired a new stake in shares of Osisko Gold Royalties in the third quarter valued at approximately $58,000. Point72 DIFC Ltd acquired a new stake in Osisko Gold Royalties in the second quarter worth about $71,000. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties during the 3rd quarter worth about $187,000. US Bancorp DE lifted its stake in shares of Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company's stock worth $197,000 after acquiring an additional 2,584 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Osisko Gold Royalties in the second quarter valued at approximately $211,000. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Stock Performance

Shares of OR stock traded up $0.09 during trading hours on Wednesday, reaching $18.33. 142,793 shares of the company's stock were exchanged, compared to its average volume of 725,643. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week 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 $3.42 billion, a P/E ratio of -87.29 and a beta of 1.02. The business has a fifty day moving average price of $19.65 and a 200-day moving average price of $18.13.

Osisko Gold Royalties Increases Dividend

The company also recently declared 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. This represents a $0.19 annualized dividend and a yield of 1.05%. This is a positive change from Osisko Gold Royalties's previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties's payout ratio is currently -90.48%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on OR. TD Cowen lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th. TD Securities cut Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, 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.

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.