Osisko Gold Royalties (NYSE:OR) Stock Passes Above 200 Day Moving Average – What’s Next?

Osisko Gold Royalties Ltd (NYSE:OR)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $18.47 and traded as high as $19.14. Osisko Gold Royalties shares last traded at $18.77, with a volume of 732,902 shares trading hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group raised their price objective 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. Finally, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Stock Down 0.1 %

The firm has a 50 day moving average of $18.92 and a two-hundred day moving average of $18.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

Osisko Gold Royalties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.048 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a dividend yield of 1.02%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio is currently -85.71%.

Institutional Trading of Osisko Gold Royalties

Institutional investors and hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC grew its stake in shares of Osisko Gold Royalties by 12.9% in the 2nd quarter. Renaissance Technologies LLC now owns 239,800 shares of the basic materials company’s stock valued at $3,736,000 after purchasing an additional 27,400 shares during the period. Fiera Capital Corp raised its stake in Osisko Gold Royalties by 3.7% during the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company’s stock worth $14,133,000 after acquiring an additional 26,917 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new stake in shares of Osisko Gold Royalties in the 3rd quarter valued at $746,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Osisko Gold Royalties by 45.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company’s stock worth $7,783,000 after purchasing an additional 131,558 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in shares of Osisko Gold Royalties by 237.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after purchasing an additional 1,391,005 shares in the last quarter. 68.52% of the stock is currently owned by institutional investors.

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 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.