Osisko Gold Royalties (NYSE:OR) Cut to “Hold” at TD Cowen

TD Cowen lowered shares of Osisko Gold Royalties (NYSE:OR) from a buy rating to a hold rating in a research report report published on Monday morning, Marketbeat.com reports.

A number of other brokerages have also recently issued reports on OR. Jefferies Financial Group lifted their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. TD Securities raised Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reduced their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Osisko Gold Royalties Trading Down 0.9 %

Shares of NYSE:OR opened at $18.42 on Monday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of -87.81 and a beta of 1.03. Osisko Gold Royalties has a 1-year low of $11.89 and a 1-year high of $21.29. The company has a 50 day moving average price of $19.09 and a 200 day moving average price of $17.51. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.048 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is -90.48%.

Institutional Trading of Osisko Gold Royalties

Hedge funds and other institutional investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Osisko Gold Royalties by 5.1% in the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock valued at $320,000 after purchasing an additional 1,000 shares during the period. US Bancorp DE lifted its position in shares of Osisko Gold Royalties by 32.1% in 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 purchased a new stake in shares of Osisko Gold Royalties in the third quarter worth approximately $58,000. Finally, U S Global Investors Inc. boosted its holdings in shares of Osisko Gold Royalties by 0.8% during the third quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock worth $8,104,000 after purchasing an additional 3,364 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.