US Bancorp DE Boosts Position in Osisko Gold Royalties Ltd (NYSE:OR)

US Bancorp DE increased its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 32.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,629 shares of the basic materials company’s stock after acquiring an additional 2,584 shares during the quarter. US Bancorp DE’s holdings in Osisko Gold Royalties were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of Osisko Gold Royalties during the 2nd quarter worth $71,000. Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth about $211,000. Creekside Partners purchased a new stake in Osisko Gold Royalties in the 2nd quarter valued at about $229,000. Finally, Corundum Trust Company INC acquired a new position in Osisko Gold Royalties in the second quarter valued at about $249,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.9 %

NYSE OR opened at $18.59 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 market cap of $3.47 billion, a price-to-earnings ratio of -85.95 and a beta of 1.03. The firm has a 50 day simple moving average of $19.13 and a 200-day simple moving average of $17.52. Osisko Gold Royalties Ltd has a one year low of $11.93 and a one year high of $21.29.

Osisko Gold Royalties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.048 dividend. This represents a $0.19 annualized dividend and a yield of 1.03%. The ex-dividend date 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 currently -90.48%.

Analyst Ratings Changes

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

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.