UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 45.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,462 shares of the basic materials company's stock after purchasing an additional 131,558 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Osisko Gold Royalties worth $7,783,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in OR. Mackenzie Financial Corp lifted its holdings in 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 purchasing an additional 1,391,005 shares in the last quarter. Millennium Management LLC lifted its stake in 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 valued at $102,631,000 after buying an additional 1,122,653 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Osisko Gold Royalties by 190.5% during 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 in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in shares of Osisko Gold Royalties by 53.9% in the third 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 acquiring an additional 338,354 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Osisko Gold Royalties during the second quarter worth approximately $4,405,000. Hedge funds and other institutional investors own 68.52% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on OR. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th. 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. Royal Bank of Canada dropped their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Finally, Jefferies Financial Group lifted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a "buy" rating in a research report on Friday, October 4th.

Osisko Gold Royalties Trading Down 0.1 %

Shares of NYSE OR traded down $0.03 during midday trading on Tuesday, reaching $19.58. 633,357 shares of the stock were exchanged, compared to its average volume of 730,959. The company has a 50 day simple moving average of $19.67 and a 200 day simple moving average of $17.95. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The stock has a market capitalization of $3.65 billion, a P/E ratio of -93.10 and a beta of 1.02. Osisko Gold Royalties Ltd has a twelve month low of $12.77 and a twelve month high of $21.29.

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 $0.048 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a yield of 0.98%. This is a boost from Osisko Gold Royalties's previous quarterly dividend of $0.05. Osisko Gold Royalties's dividend payout ratio is presently -90.48%.

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.