Gabelli Funds LLC Sells 16,200 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Gabelli Funds LLC lowered its position in Osisko Gold Royalties Ltd (NYSE:OR) by 2.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 811,715 shares of the basic materials company’s stock after selling 16,200 shares during the period. Gabelli Funds LLC owned about 0.44% of Osisko Gold Royalties worth $12,476,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of OR. Van ECK Associates Corp boosted its holdings in Osisko Gold Royalties by 18.1% in the 1st quarter. Van ECK Associates Corp now owns 21,407,682 shares of the basic materials company’s stock worth $338,668,000 after buying an additional 3,282,065 shares during the period. Norges Bank bought a new position in shares of Osisko Gold Royalties during the 4th quarter valued at about $21,208,000. Principal Financial Group Inc. bought a new position in shares of Osisko Gold Royalties during the 1st quarter valued at about $16,918,000. Intact Investment Management Inc. boosted its holdings in shares of Osisko Gold Royalties by 117.5% during the 1st quarter. Intact Investment Management Inc. now owns 1,498,360 shares of the basic materials company’s stock valued at $23,679,000 after purchasing an additional 809,560 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in shares of Osisko Gold Royalties by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company’s stock valued at $80,079,000 after purchasing an additional 722,515 shares during the last quarter. Institutional investors own 58.77% of the company’s stock.

Osisko Gold Royalties Stock Up 6.2 %

Shares of NYSE OR opened at $13.11 on Tuesday. The firm’s 50-day moving average price is $12.30 and its 200-day moving average price is $13.97. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 81.94 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.

Osisko Gold Royalties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Thursday, December 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently 112.51%.

Analyst Upgrades and Downgrades

OR has been the subject of several research reports. TheStreet downgraded shares of Osisko Gold Royalties from a “b-” rating to a “c” rating in a report on Friday, November 10th. Scotiabank assumed coverage on shares of Osisko Gold Royalties in a report on Tuesday, August 22nd. They set a “sector perform” rating and a $22.00 price objective for the company.

Osisko Gold Royalties Company 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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.