Osisko Gold Royalties Ltd (NYSE:OR) Stock Holdings Increased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 8.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 80,465 shares of the basic materials company’s stock after acquiring an additional 6,251 shares during the quarter. Geode Capital Management LLC’s holdings in Osisko Gold Royalties were worth $1,498,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of OR. Capital Performance Advisors LLP acquired a new stake in shares of Osisko Gold Royalties in the third quarter valued at $58,000. Point72 DIFC Ltd bought a new stake in Osisko Gold Royalties in the second quarter worth about $71,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties in the 3rd quarter valued at about $187,000. US Bancorp DE lifted its holdings in Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after acquiring an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Osisko Gold Royalties during the 2nd quarter valued at about $211,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.4 %

Shares of OR opened at $18.59 on Thursday. The business’s 50-day moving average price is $19.14 and its 200 day moving average price is $18.25. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $3.47 billion, a P/E ratio of -88.52 and a beta of 1.02. Osisko Gold Royalties Ltd has a 1-year low of $12.77 and a 1-year high of $21.29.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.048 dividend. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is -90.48%.

Wall Street Analyst Weigh In

OR has been the topic of a number of research reports. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Company 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.