Jane Street Group LLC Sells 273,835 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Jane Street Group LLC decreased its position in Osisko Gold Royalties Ltd (NYSE:OR) by 63.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 158,140 shares of the basic materials company’s stock after selling 273,835 shares during the quarter. Jane Street Group LLC owned about 0.08% of Osisko Gold Royalties worth $2,929,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in OR. Millennium Management LLC raised its stake in Osisko Gold Royalties by 20.5% in the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after purchasing an additional 1,122,653 shares in the last quarter. FMR LLC increased its holdings in shares of Osisko Gold Royalties by 1.9% during the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after purchasing an additional 83,799 shares during the period. CIBC Asset Management Inc raised its position in shares of Osisko Gold Royalties by 5.5% in the second quarter. CIBC Asset Management Inc now owns 2,644,479 shares of the basic materials company’s stock valued at $41,186,000 after buying an additional 136,705 shares in the last quarter. Mackenzie Financial Corp raised its position in shares of Osisko Gold Royalties by 237.0% in the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock valued at $30,827,000 after buying an additional 1,391,005 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake 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 valued at $28,316,000 after buying an additional 82,150 shares during the period. Institutional investors own 68.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Royal Bank of Canada dropped 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. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group raised their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th.

Osisko Gold Royalties Stock Down 0.8 %

NYSE OR opened at $18.29 on Friday. The business has a fifty day moving average price of $19.70 and a two-hundred day moving average price of $18.10. The stock has a market capitalization of $3.41 billion, a PE ratio of -87.10 and a beta of 1.02. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.048 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a dividend yield of 1.05%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is currently -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.