Verition Fund Management LLC Sells 304,406 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Verition Fund Management LLC trimmed its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 38.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 486,019 shares of the basic materials company's stock after selling 304,406 shares during the period. Verition Fund Management LLC owned 0.26% of Osisko Gold Royalties worth $8,996,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in OR. Vanguard Group Inc. increased its holdings in shares of Osisko Gold Royalties by 0.9% in the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company's stock valued at $111,595,000 after purchasing an additional 60,083 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Osisko Gold Royalties by 219.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,742 shares of the basic materials company's stock valued at $880,000 after acquiring an additional 36,929 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 916 shares during the period. Raymond James & Associates lifted its position in Osisko Gold Royalties by 9.1% during the second quarter. Raymond James & Associates now owns 135,667 shares of the basic materials company's stock worth $2,114,000 after acquiring an additional 11,316 shares during the last quarter. Finally, U S Global Investors Inc. boosted its holdings in shares of Osisko Gold Royalties by 19.3% during the second quarter. U S Global Investors Inc. now owns 434,432 shares of the basic materials company's stock worth $7,131,000 after acquiring an additional 70,180 shares during the period. 68.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th. Jefferies Financial Group increased 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. TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research report on Monday, November 11th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research report on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.4 %

NYSE:OR traded up $0.07 during trading hours on Friday, reaching $19.38. The company had a trading volume of 118,879 shares, compared to its average volume of 757,363. Osisko Gold Royalties Ltd has a twelve month low of $12.77 and a twelve month high of $21.29. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of -92.29 and a beta of 1.03. The business's 50-day simple moving average is $19.57 and its two-hundred day simple moving average is $17.82. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

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 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 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties's dividend payout ratio (DPR) is presently -90.48%.

Osisko Gold Royalties 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.