Osisko Gold Royalties (NYSE:OR) Trading Down 2.6% – What’s Next?

Osisko Gold Royalties Ltd (NYSE:OR) traded down 2.6% on Wednesday . The company traded as low as $18.24 and last traded at $18.24. 101,692 shares traded hands during mid-day trading, a decline of 75% from the average session volume of 410,289 shares. The stock had previously closed at $18.73.

Analysts Set New Price Targets

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

Osisko Gold Royalties Trading Down 0.5 %

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 company has a market cap of $3.49 billion, a price-to-earnings ratio of -88.98 and a beta of 1.02. The firm has a 50-day moving average price of $18.93 and a 200 day moving average price of $18.37.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.03%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date was Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is -85.71%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Addenda Capital Inc. grew its stake in Osisko Gold Royalties by 1.4% during the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock worth $694,000 after buying an additional 532 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Osisko Gold Royalties by 58.2% in the third quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock worth $314,000 after purchasing an additional 6,237 shares during the period. Principal Financial Group Inc. increased its position in shares of Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after acquiring an additional 82,150 shares in the last quarter. Geode Capital Management LLC raised its stake in Osisko Gold Royalties by 8.4% during the 3rd quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company’s stock valued at $1,498,000 after purchasing an additional 6,251 shares during the period. Finally, Barclays PLC lifted its stake in Osisko Gold Royalties by 16.8% in the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company’s stock worth $2,951,000 after acquiring an additional 22,898 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

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.