Toronto Dominion Bank Sells 15,391 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Toronto Dominion Bank reduced its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 26.7% during the 3rd quarter, Holdings Channel reports. The fund owned 42,302 shares of the basic materials company’s stock after selling 15,391 shares during the period. Toronto Dominion Bank’s holdings in Osisko Gold Royalties were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

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

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR opened at $18.96 on Tuesday. Osisko Gold Royalties Ltd has a 1 year low of $12.77 and a 1 year high of $21.29. The stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of -90.26 and a beta of 1.02. 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 company’s 50 day simple moving average is $19.74 and its 200 day simple moving average is $18.06.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.048 dividend. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 annualized dividend and a dividend yield of 1.01%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OR. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Royal Bank of Canada cut 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. Jefferies Financial Group raised their price target 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. Finally, TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

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.