Osisko Gold Royalties Ltd (NYSE:OR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in Osisko Gold Royalties Ltd (NYSE:OR) by 8.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,465 shares of the basic materials company’s stock after purchasing an additional 6,251 shares during the period. Geode Capital Management LLC’s holdings in Osisko Gold Royalties were worth $1,498,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its holdings in Osisko Gold Royalties by 9.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock valued at $610,000 after purchasing an additional 3,492 shares in the last quarter. American Century Companies Inc. increased its holdings in Osisko Gold Royalties by 20.2% in the second quarter. American Century Companies Inc. now owns 565,066 shares of the basic materials company’s stock valued at $8,804,000 after buying an additional 95,000 shares during the last quarter. Renaissance Technologies LLC raised its stake in Osisko Gold Royalties by 12.9% during the second quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock valued at $3,736,000 after buying an additional 27,400 shares in the last quarter. Moors & Cabot Inc. lifted its holdings in Osisko Gold Royalties by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after buying an additional 1,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Osisko Gold Royalties during the 2nd quarter worth approximately $294,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities lowered shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, 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 report on Friday, October 4th.

Osisko Gold Royalties Price Performance

Shares of OR opened at $18.59 on Thursday. 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 has a market cap of $3.47 billion, a P/E ratio of -88.52 and a beta of 1.02. Osisko Gold Royalties Ltd has a 12 month low of $12.77 and a 12 month high of $21.29. The stock has a fifty day moving average price of $19.14 and a 200 day moving average price of $18.25.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.048 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Tuesday, December 31st. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio (DPR) is -90.48%.

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.