Fmr LLC Has $83.07 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Fmr LLC boosted its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 1.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,484,929 shares of the basic materials company’s stock after purchasing an additional 83,799 shares during the quarter. Fmr LLC owned about 2.40% of Osisko Gold Royalties worth $83,070,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in OR. Mackenzie Financial Corp raised its holdings in Osisko Gold Royalties by 237.0% during 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 increased its position in shares of Osisko Gold Royalties by 20.5% during 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 in the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 acquiring an additional 522,551 shares during the period. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Osisko Gold Royalties by 53.9% in 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 acquiring an additional 338,354 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new stake in Osisko Gold Royalties in the 2nd quarter valued at $4,405,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.8 %

Shares of Osisko Gold Royalties stock opened at $19.57 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a 50-day moving average of $19.63 and a 200-day moving average of $17.88. Osisko Gold Royalties Ltd has a 52-week low of $12.77 and a 52-week high of $21.29. The stock has a market cap of $3.65 billion, a PE ratio of -93.19 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.048 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.98%. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Analyst Ratings Changes

A number of brokerages recently issued reports on OR. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group raised 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. 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 on the stock in a research report on Tuesday, September 10th. Finally, TD Securities downgraded shares of 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.