Montrusco Bolton Investments Inc. Has $11.04 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Montrusco Bolton Investments Inc. cut its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 11.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 595,622 shares of the basic materials company’s stock after selling 79,298 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Osisko Gold Royalties were worth $11,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Icon Wealth Advisors LLC bought a new stake in shares of Osisko Gold Royalties during the third quarter valued at approximately $501,000. Scheer Rowlett & Associates Investment Management Ltd. increased its holdings in shares of Osisko Gold Royalties by 53.9% during the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after acquiring an additional 338,354 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Osisko Gold Royalties by 11.0% during the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock valued at $422,000 after acquiring an additional 2,265 shares in the last quarter. Aigen Investment Management LP increased its holdings in shares of Osisko Gold Royalties by 52.8% during the third quarter. Aigen Investment Management LP now owns 34,688 shares of the basic materials company’s stock valued at $642,000 after acquiring an additional 11,989 shares in the last quarter. Finally, Fiera Capital Corp increased its holdings in shares of Osisko Gold Royalties by 3.7% during the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company’s stock valued at $14,133,000 after acquiring an additional 26,917 shares in the last quarter. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Up 1.3 %

Shares of NYSE:OR opened at $20.12 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 business has a fifty day moving average price of $19.40 and a two-hundred day moving average price of $17.66. Osisko Gold Royalties Ltd has a 1 year low of $12.77 and a 1 year high of $21.29.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a dividend yield of 0.95%. 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 is currently -90.48%.

Analyst Upgrades and Downgrades

OR has been the subject of several recent research reports. Jefferies Financial Group upped their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. 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 for the company in a report on Tuesday, September 10th. Finally, TD Cowen downgraded 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.