Osisko Gold Royalties Ltd (NYSE:OR) Holdings Raised by Fiera Capital Corp

Fiera Capital Corp raised its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 356.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 456,515 shares of the basic materials company’s stock after buying an additional 356,515 shares during the period. Fiera Capital Corp’s holdings in Osisko Gold Royalties were worth $7,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in OR. St. Johns Investment Management Company LLC bought a new position in Osisko Gold Royalties during the first quarter valued at about $51,000. Deutsche Bank AG bought a new position in shares of Osisko Gold Royalties during the 4th quarter valued at about $71,000. Advisor Group Holdings Inc. grew its stake in shares of Osisko Gold Royalties by 35.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 7,787 shares of the basic materials company’s stock worth $93,000 after purchasing an additional 2,033 shares during the last quarter. Northern Trust Corp bought a new stake in shares of Osisko Gold Royalties in the 2nd quarter worth approximately $101,000. Finally, First Republic Investment Management Inc. bought a new stake in Osisko Gold Royalties during the second quarter worth approximately $108,000. 58.77% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Stock Up 1.3 %

OR stock opened at $12.20 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.47 and a quick ratio of 4.47. The firm has a market capitalization of $2.26 billion, a P/E ratio of 76.25 and a beta of 0.83. Osisko Gold Royalties Ltd has a 52-week low of $11.24 and a 52-week high of $17.96. The company’s 50 day simple moving average is $12.31 and its 200-day simple moving average is $14.11.

Osisko Gold Royalties Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.043 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.17 annualized dividend and a dividend yield of 1.41%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 112.51%.

Analyst Ratings Changes

OR has been the topic of several research reports. Scotiabank started coverage on Osisko Gold Royalties in a report on Tuesday, August 22nd. They issued a “sector perform” rating and a $22.00 price target on the stock. TheStreet downgraded Osisko Gold Royalties from a “b-” rating to a “c” rating in a report on Friday.

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.