Osisko Gold Royalties Ltd (NYSE:OR) Shares Bought by Barclays PLC

Barclays PLC grew its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 16.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,408 shares of the basic materials company’s stock after acquiring an additional 22,898 shares during the quarter. Barclays PLC’s holdings in Osisko Gold Royalties were worth $2,951,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in OR. Public Employees Retirement System of Ohio acquired a new position in Osisko Gold Royalties in the 3rd quarter valued at about $852,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Osisko Gold Royalties during the third quarter worth about $319,000. Anson Funds Management LP raised its position in shares of Osisko Gold Royalties by 64.3% in the third quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company’s stock valued at $4,032,000 after buying an additional 85,200 shares during the last quarter. Stansberry Asset Management LLC lifted its stake in shares of Osisko Gold Royalties by 2.1% during the third quarter. Stansberry Asset Management LLC now owns 358,853 shares of the basic materials company’s stock valued at $6,642,000 after buying an additional 7,284 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new stake in Osisko Gold Royalties during the third quarter worth approximately $746,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 0.5 %

Shares of OR opened at $18.33 on Wednesday. Osisko Gold Royalties Ltd has a twelve month low of $12.77 and a twelve month high of $21.29. The firm has a market capitalization of $3.42 billion, a P/E ratio of -87.29 and a beta of 1.02. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock’s fifty day simple moving average is $19.68 and its 200 day simple moving average is $18.12.

Osisko Gold Royalties Increases Dividend

The firm also recently declared 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 is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 annualized dividend and a yield of 1.05%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -90.48%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Jefferies Financial Group increased their price objective 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 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.