Public Employees Retirement System of Ohio Acquires New Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Public Employees Retirement System of Ohio purchased a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the third quarter, HoldingsChannel reports. The firm purchased 45,958 shares of the basic materials company’s stock, valued at approximately $852,000.

A number of other hedge funds also recently bought and sold shares of the company. Raymond James & Associates increased its holdings 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 valued at $2,114,000 after buying an additional 11,316 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at approximately $4,405,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Osisko Gold Royalties by 29.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,801 shares of the basic materials company’s stock worth $760,000 after acquiring an additional 11,070 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Osisko Gold Royalties by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock worth $610,000 after purchasing an additional 3,492 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Osisko Gold Royalties by 5.5% during the 2nd quarter. CIBC Asset Management Inc now owns 2,644,479 shares of the basic materials company’s stock valued at $41,186,000 after buying an additional 136,705 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Up 0.2 %

Shares of NYSE:OR opened at $18.44 on Friday. Osisko Gold Royalties Ltd has a 1 year low of $12.77 and a 1 year high of $21.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a market capitalization of $3.44 billion, a PE ratio of -87.81 and a beta of 1.02. The business has a 50 day simple moving average of $19.72 and a two-hundred day simple moving average of $18.08.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed 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. This represents a $0.19 annualized dividend and a yield of 1.04%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is -90.48%.

Analysts Set New Price Targets

A number of research analysts recently commented on OR shares. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada lowered their target price 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 increased their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, October 4th.

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.