Osisko Gold Royalties (NYSE:OR) Downgraded by TD Securities to Hold

TD Securities cut shares of Osisko Gold Royalties (NYSE:OR) from a strong-buy rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other analysts also recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, September 10th. Jefferies Financial Group lifted their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday.

Osisko Gold Royalties Stock Performance

Shares of OR opened at $19.12 on Monday. The company has a market cap of $3.57 billion, a PE ratio of -91.05 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.92. The firm has a 50-day moving average of $19.06 and a 200-day moving average of $17.49. Osisko Gold Royalties has a one year low of $11.89 and a one year high of $21.29.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.048 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 dividend on an annualized basis and a yield of 1.00%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s payout ratio is currently -90.48%.

Institutional Trading of Osisko Gold Royalties

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC raised its position in shares of Osisko Gold Royalties by 23.8% in the 1st quarter. SG Americas Securities LLC now owns 61,617 shares of the basic materials company’s stock valued at $1,012,000 after buying an additional 11,844 shares in the last quarter. Vanguard Group Inc. grew its holdings in Osisko Gold Royalties by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after acquiring an additional 60,083 shares during the last quarter. National Bank of Canada FI grew its holdings in Osisko Gold Royalties by 3.2% during the 1st quarter. National Bank of Canada FI now owns 1,473,449 shares of the basic materials company’s stock worth $24,046,000 after acquiring an additional 45,866 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in Osisko Gold Royalties by 219.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 53,742 shares of the basic materials company’s stock worth $880,000 after acquiring an additional 36,929 shares during the last quarter. Finally, Anson Funds Management LP bought a new stake in Osisko Gold Royalties during the 1st quarter worth approximately $1,149,000. Institutional investors own 68.52% of the company’s stock.

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.