Osisko Gold Royalties (NYSE:OR) Trading Down 2.6% – Here’s Why

Osisko Gold Royalties Ltd (NYSE:OR) shares were down 2.6% during trading on Wednesday . The company traded as low as $18.24 and last traded at $18.24. 101,692 shares traded hands during trading, a decline of 75% from the average daily volume of 410,289 shares. The stock had previously closed at $18.73.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Jefferies Financial Group increased their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Price Performance

The firm has a 50-day simple moving average of $19.00 and a two-hundred day simple moving average of $18.36. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of -88.33 and a beta of 1.02. 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 Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This represents a $0.19 annualized dividend and a yield of 1.04%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is -85.71%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of OR. Moors & Cabot Inc. boosted its stake in shares of Osisko Gold Royalties by 5.1% during the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock worth $320,000 after acquiring an additional 1,000 shares in the last quarter. US Bancorp DE boosted its position 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 worth $197,000 after purchasing an additional 2,584 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Osisko Gold Royalties in the third quarter valued at approximately $58,000. U S Global Investors Inc. increased its position in shares of Osisko Gold Royalties by 0.8% in the third quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock valued at $8,104,000 after buying an additional 3,364 shares in the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of Osisko Gold Royalties by 9.8% in the second quarter. Commonwealth Equity Services LLC now owns 39,178 shares of the basic materials company’s stock valued at $610,000 after buying an additional 3,492 shares in the last quarter. 68.52% of the stock is owned by institutional investors and hedge funds.

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.