Osisko Gold Royalties Ltd (NYSE:OR) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC trimmed its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 48.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 86,802 shares of the basic materials company’s stock after selling 81,212 shares during the quarter. HighTower Advisors LLC’s holdings in Osisko Gold Royalties were worth $1,607,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP bought a new stake in shares of Osisko Gold Royalties in the 3rd quarter valued at approximately $58,000. Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties in the second quarter worth $71,000. Icon Wealth Advisors LLC acquired a new position in Osisko Gold Royalties in the third quarter worth $187,000. US Bancorp DE increased its stake in Osisko Gold Royalties by 32.1% during the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 2,584 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties during the second quarter worth $211,000. 68.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

OR has been the subject of a number of recent research reports. Royal Bank of Canada lowered their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group increased their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of NYSE OR opened at $19.07 on Monday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 12-month low of $12.77 and a 12-month high of $21.29. The stock has a 50 day simple moving average of $19.73 and a 200-day simple moving average of $18.03. The company has a market cap of $3.56 billion, a PE ratio of -90.81 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.01%. The ex-dividend date is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is currently -90.48%.

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.