Osisko Gold Royalties (NYSE:OR) Cut to "Hold" at TD Securities

TD Securities cut shares of Osisko Gold Royalties (NYSE:OR - Free Report) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other brokerages have also recently commented on OR. Royal Bank of Canada reduced their target price on shares of 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 Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday. Finally, Jefferies Financial Group increased their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a report on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of OR traded down $0.64 during mid-day trading on Monday, reaching $18.50. 294,834 shares of the company's stock were exchanged, compared to its average volume of 730,705. The business's fifty day simple moving average is $19.06 and its 200-day simple moving average is $17.49. Osisko Gold Royalties has a 52-week low of $11.89 and a 52-week high of $21.29. The stock has a market capitalization of $3.45 billion, a PE ratio of -91.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.92.

Osisko Gold Royalties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.048 per share. 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 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio is presently -90.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD acquired a new stake in shares of Osisko Gold Royalties in the first quarter valued at approximately $109,825,000. Bornite Capital Management LP acquired a new stake in shares of Osisko Gold Royalties in the first quarter valued at approximately $33,370,000. Mackenzie Financial Corp lifted its stake in shares of Osisko Gold Royalties by 237.0% during the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company's stock valued at $30,827,000 after buying an additional 1,391,005 shares during the period. Millennium Management LLC lifted its stake in shares of Osisko Gold Royalties by 20.5% during the second 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 period. Finally, Yaupon Capital Management LP purchased a new position in shares of Osisko Gold Royalties during the first quarter valued at approximately $15,973,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

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.