Cidel Asset Management Inc. trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR) by 24.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,800 shares of the basic materials company’s stock after selling 11,900 shares during the quarter. Cidel Asset Management Inc.’s holdings in Osisko Gold Royalties were worth $461,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp raised its stake in Osisko Gold Royalties by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 2,130 shares in the last quarter. UBS Asset Management Americas Inc. boosted its holdings in Osisko Gold Royalties by 55.7% in the first quarter. UBS Asset Management Americas Inc. now owns 32,986 shares of the basic materials company’s stock valued at $366,000 after acquiring an additional 11,800 shares during the last quarter. Stifel Financial Corp bought a new position in Osisko Gold Royalties in the first quarter valued at about $210,000. FMR LLC boosted its holdings in Osisko Gold Royalties by 6.0% in the first quarter. FMR LLC now owns 1,135,993 shares of the basic materials company’s stock valued at $12,625,000 after acquiring an additional 64,200 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Osisko Gold Royalties by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,052,198 shares of the basic materials company’s stock valued at $22,779,000 after acquiring an additional 108,568 shares during the last quarter. Institutional investors and hedge funds own 35.31% of the company’s stock.
Osisko Gold Royalties Ltd (NYSE:OR) traded down $0.04 during midday trading on Friday, hitting $12.13. The stock had a trading volume of 565,600 shares, compared to its average volume of 612,229. The firm has a market capitalization of $1,910.99, a price-to-earnings ratio of 60.85, a P/E/G ratio of 14.55 and a beta of -0.05. The company has a debt-to-equity ratio of 0.10, a quick ratio of 12.76 and a current ratio of 6.18. Osisko Gold Royalties Ltd has a 52 week low of $8.88 and a 52 week high of $14.39.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.039 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio is currently 76.19%.
Several equities analysts recently issued reports on the company. Royal Bank Of Canada reiterated an “outperform” rating on shares of Osisko Gold Royalties in a report on Thursday, September 7th. Zacks Investment Research cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Scotiabank restated a “buy” rating and set a $20.00 target price on shares of Osisko Gold Royalties in a report on Monday, November 6th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.25.
Osisko Gold Royalties Profile
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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