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

Jane Street Group LLC cut its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 63.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 158,140 shares of the basic materials company’s stock after selling 273,835 shares during the period. Jane Street Group LLC’s holdings in Osisko Gold Royalties were worth $2,929,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Raymond James & Associates raised its holdings in Osisko Gold Royalties by 9.1% in the 2nd quarter. Raymond James & Associates now owns 135,667 shares of the basic materials company’s stock valued at $2,114,000 after buying an additional 11,316 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Osisko Gold Royalties during the second quarter valued at $4,405,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Osisko Gold Royalties by 29.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 48,801 shares of the basic materials company’s stock worth $760,000 after purchasing an additional 11,070 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of Osisko Gold Royalties by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock worth $610,000 after purchasing an additional 3,492 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake 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 worth $41,186,000 after purchasing an additional 136,705 shares during the last quarter. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Price Performance

OR stock opened at $18.29 on Friday. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -87.10 and a beta of 1.02. The company’s fifty day simple moving average is $19.70 and its 200 day simple moving average is $18.10. Osisko Gold Royalties Ltd has a 12-month low of $12.77 and a 12-month high of $21.29.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.048 dividend. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.05%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is currently -90.48%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports 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. Jefferies Financial Group raised their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Royal Bank of Canada lowered their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th.

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.