Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by Euro Pacific Asset Management LLC

Euro Pacific Asset Management LLC decreased its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,158,745 shares of the basic materials company’s stock after selling 13,310 shares during the period. Osisko Gold Royalties comprises about 3.9% of Euro Pacific Asset Management LLC’s portfolio, making the stock its 6th largest holding. Euro Pacific Asset Management LLC owned approximately 0.62% of Osisko Gold Royalties worth $21,437,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of OR. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 worth $25,000 after purchasing an additional 916 shares during the last quarter. Moors & Cabot Inc. increased its position in Osisko Gold Royalties by 5.1% in the second quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after buying an additional 1,000 shares during the period. US Bancorp DE lifted its stake in Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after buying an additional 2,584 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Osisko Gold Royalties during the third quarter valued at $58,000. Finally, U S Global Investors Inc. grew its position in shares of Osisko Gold Royalties by 0.8% during the third quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after acquiring an additional 3,364 shares during the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OR has been the subject of a number of analyst reports. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Jefferies Financial Group boosted 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. Royal Bank of Canada decreased their price objective on 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 Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Down 0.6 %

Osisko Gold Royalties stock opened at $18.48 on Friday. The company’s 50-day moving average price is $19.21 and its two-hundred day moving average price is $17.54. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of -88.00 and a beta of 1.03. Osisko Gold Royalties Ltd has a 52 week low of $12.15 and a 52 week high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -90.48%.

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.