Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 58.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,947 shares of the basic materials company’s stock after buying an additional 6,237 shares during the period. JPMorgan Chase & Co.’s holdings in Osisko Gold Royalties were worth $314,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of OR. Capital Performance Advisors LLP purchased a new position in Osisko Gold Royalties in the third quarter worth approximately $58,000. Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth $71,000. Icon Wealth Advisors LLC acquired a new position in shares of Osisko Gold Royalties during the third quarter worth $187,000. US Bancorp DE increased its holdings in Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after buying an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter worth about $211,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Stock Up 0.8 %

Shares of NYSE OR opened at $18.61 on Friday. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of -88.60 and a beta of 1.02. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The firm has a 50-day moving average price of $18.86 and a 200 day moving average price of $18.55. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given 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 an increase 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 (DPR) is presently -85.71%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on OR. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Cowen downgraded 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 upped 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.

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.