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

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

OR has been the topic of several other research reports. 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 report on Friday, October 4th. Royal Bank of Canada decreased their price target 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. Finally, TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday.

Osisko Gold Royalties Stock Up 0.9 %

Shares of OR stock opened at $18.59 on Monday. The stock’s fifty day moving average price is $19.13 and its 200 day moving average price is $17.52. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. Osisko Gold Royalties has a 1-year low of $11.93 and a 1-year high of $21.29. The company has a market cap of $3.47 billion, a price-to-earnings ratio of -88.52 and a beta of 1.03.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 1.03%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC lifted its holdings in shares of Osisko Gold Royalties by 23.8% in the 1st quarter. SG Americas Securities LLC now owns 61,617 shares of the basic materials company’s stock valued at $1,012,000 after buying an additional 11,844 shares during the period. Vanguard Group Inc. boosted its position in Osisko Gold Royalties by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after purchasing an additional 60,083 shares in the last quarter. National Bank of Canada FI grew its stake in shares of Osisko Gold Royalties by 3.2% during the 1st quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock worth $24,046,000 after purchasing an additional 45,866 shares during the period. CANADA LIFE ASSURANCE Co lifted its stake in shares of 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 purchasing an additional 36,929 shares during the period. Finally, Anson Funds Management LP purchased a new stake in Osisko Gold Royalties during the first quarter worth $1,149,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

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.