LPL Financial LLC Makes New Investment in Osisko Gold Royalties Ltd (NYSE:OR)

LPL Financial LLC bought a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 70,276 shares of the basic materials company’s stock, valued at approximately $1,080,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. St. Johns Investment Management Company LLC purchased a new position in Osisko Gold Royalties in the first quarter worth about $51,000. Deutsche Bank AG bought a new position in shares of Osisko Gold Royalties in the fourth quarter worth about $71,000. Advisor Group Holdings Inc. raised its stake in shares of Osisko Gold Royalties by 35.3% in the fourth quarter. Advisor Group Holdings Inc. now owns 7,787 shares of the basic materials company’s stock worth $93,000 after buying an additional 2,033 shares during the period. Northern Trust Corp bought a new position in shares of Osisko Gold Royalties in the second quarter worth about $101,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Osisko Gold Royalties in the second quarter worth about $108,000. 58.77% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Scotiabank assumed coverage on Osisko Gold Royalties in a research note on Tuesday, August 22nd. They issued a “sector perform” rating and a $22.00 price objective on the stock. TheStreet downgraded Osisko Gold Royalties from a “b-” rating to a “c” rating in a research note on Friday, November 10th.

Osisko Gold Royalties Stock Down 1.2 %

Shares of OR opened at $12.35 on Friday. The business’s 50 day moving average is $12.29 and its 200 day moving average is $14.05. The company has a market capitalization of $2.29 billion, a PE ratio of 77.16 and a beta of 0.83. Osisko Gold Royalties Ltd has a 12-month low of $11.24 and a 12-month high of $17.96. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.18.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 1.39%. The ex-dividend date is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 106.25%.

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.