SG Americas Securities LLC Sells 7,007 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

SG Americas Securities LLC trimmed its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 15.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 38,563 shares of the basic materials company’s stock after selling 7,007 shares during the period. SG Americas Securities LLC’s holdings in Osisko Gold Royalties were worth $698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Cubist Systematic Strategies LLC purchased a new stake in Osisko Gold Royalties during the 2nd quarter valued at about $288,000. Squarepoint Ops LLC bought a new stake in Osisko Gold Royalties in the second quarter valued at approximately $211,000. The Manufacturers Life Insurance Company lifted its position in Osisko Gold Royalties by 81.1% in the second quarter. The Manufacturers Life Insurance Company now owns 274,253 shares of the basic materials company’s stock valued at $4,268,000 after purchasing an additional 122,827 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in shares of Osisko Gold Royalties during the second quarter valued at approximately $344,000. Finally, Creekside Partners bought a new position in shares of Osisko Gold Royalties in the second quarter worth approximately $229,000. 68.52% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities downgraded 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 increased their target price 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 Price Performance

Shares of Osisko Gold Royalties stock opened at $18.61 on Friday. The business has a 50 day moving average of $18.86 and a 200 day moving average of $18.55. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The company has a market cap of $3.47 billion, a PE ratio of -88.60 and a beta of 1.02. 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 disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.048 dividend. The ex-dividend date was Tuesday, December 31st. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a yield of 1.03%. Osisko Gold Royalties’s dividend payout ratio is -85.71%.

Osisko Gold Royalties 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.