17,219 Shares in Osisko Gold Royalties Ltd (NYSE:OR) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in Osisko Gold Royalties Ltd (NYSE:OR) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,219 shares of the basic materials company’s stock, valued at approximately $319,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of OR. Mackenzie Financial Corp boosted its holdings in Osisko Gold Royalties by 237.0% in the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after buying an additional 1,391,005 shares during the period. Millennium Management LLC boosted its stake in shares of Osisko Gold Royalties by 20.5% in the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after acquiring an additional 1,122,653 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of Osisko Gold Royalties by 190.5% during the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock worth $14,766,000 after purchasing an additional 522,551 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Osisko Gold Royalties by 53.9% during the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after purchasing an additional 338,354 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $4,405,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OR shares. Royal Bank of Canada cut their price objective 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. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group boosted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Finally, TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Trading Up 0.1 %

OR stock opened at $18.99 on Wednesday. The firm has a market cap of $3.54 billion, a PE ratio of -90.40 and a beta of 1.02. The firm has a fifty day moving average price of $19.74 and a 200 day moving average price of $18.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29.

Osisko Gold Royalties Increases Dividend

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

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.