Montrusco Bolton Investments Inc. Sells 20,918 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Montrusco Bolton Investments Inc. lessened its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 574,704 shares of the basic materials company’s stock after selling 20,918 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Osisko Gold Royalties were worth $10,402,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of OR. Capital Performance Advisors LLP bought a new position in Osisko Gold Royalties in the 3rd quarter valued at $58,000. Point72 DIFC Ltd bought a new position in shares of Osisko Gold Royalties in the second quarter worth about $71,000. Icon Wealth Advisors LLC purchased a new position in Osisko Gold Royalties in the 3rd quarter worth about $187,000. US Bancorp DE lifted its holdings in Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after buying an additional 2,584 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new stake in Osisko Gold Royalties in the 2nd quarter valued at about $211,000. 68.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

OR has been the subject of a number of research reports. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group raised their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of OR stock opened at $18.68 on Wednesday. The company’s 50 day moving average is $18.91 and its 200 day moving average is $18.54. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of -88.93 and a beta of 1.02. Osisko Gold Royalties Ltd has a 52-week low of $12.77 and a 52-week high of $21.29.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were 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 1.03%. The ex-dividend date was Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is -85.71%.

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.