Osisko Gold Royalties (NYSE:OR) Rating Lowered to “Hold” at TD Securities

TD Securities downgraded shares of Osisko Gold Royalties (NYSE:OR) from a strong-buy rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports.

A number of other research analysts also recently weighed in on OR. Royal Bank of Canada cut 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 cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday. Finally, Jefferies Financial Group upped their price target 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 Trading Down 0.9 %

OR opened at $18.42 on Monday. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.29. The company has a market cap of $3.44 billion, a price-to-earnings ratio of -87.81 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The firm has a 50 day simple moving average of $19.09 and a 200 day simple moving average of $17.51.

Osisko Gold Royalties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. The ex-dividend date is 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 1.04%. Osisko Gold Royalties’s payout ratio is currently -90.48%.

Institutional Investors Weigh In On Osisko Gold Royalties

Large investors have recently modified their holdings of the business. SG Americas Securities LLC lifted its stake in Osisko Gold Royalties by 23.8% in the first quarter. SG Americas Securities LLC now owns 61,617 shares of the basic materials company’s stock valued at $1,012,000 after buying an additional 11,844 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Osisko Gold Royalties by 0.9% during the first quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after acquiring an additional 60,083 shares during the period. National Bank of Canada FI lifted its position in Osisko Gold Royalties by 3.2% in the 1st quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock valued at $24,046,000 after acquiring an additional 45,866 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in Osisko Gold Royalties by 219.6% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,742 shares of the basic materials company’s stock worth $880,000 after purchasing an additional 36,929 shares during the period. Finally, Anson Funds Management LP bought a new position in Osisko Gold Royalties during the 1st quarter worth about $1,149,000. 68.52% of the stock is currently owned by institutional investors.

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.