Global Alpha Capital Management Ltd. Lowers Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Global Alpha Capital Management Ltd. reduced its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 18.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,136,822 shares of the basic materials company’s stock after selling 249,500 shares during the period. Osisko Gold Royalties makes up about 1.4% of Global Alpha Capital Management Ltd.’s holdings, making the stock its 29th largest position. Global Alpha Capital Management Ltd.’s holdings in Osisko Gold Royalties were worth $21,054,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC raised its stake in shares of Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after buying an additional 916 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth $58,000. Point72 DIFC Ltd acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter worth $71,000. US Bancorp DE raised its stake in shares of Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock worth $197,000 after buying an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties during the 2nd quarter worth $211,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Trading Up 3.0 %

NYSE OR opened at $19.74 on Wednesday. Osisko Gold Royalties Ltd has a 12 month low of $12.20 and a 12 month high of $21.29. The company has a 50-day moving average of $19.30 and a 200-day moving average of $17.63. 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 company has a market cap of $3.68 billion, a P/E ratio of -93.98 and a beta of 1.03.

Osisko Gold Royalties Increases Dividend

The business 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 dividend of $0.048 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.97%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio is currently -90.48%.

Analysts Set New Price Targets

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

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.