Osisko Gold Royalties (NYSE:OR) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Osisko Gold Royalties Ltd (NYSE:OR) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-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.

Wall Street Analyst Weigh In

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

Osisko Gold Royalties Price Performance

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 stock has a 50-day moving average of $18.92 and a 200 day moving average of $18.49.

Osisko Gold Royalties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.048 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. 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 yield of 1.02%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -85.71%.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors have recently made changes to their positions in the stock. PFG Investments LLC boosted its position in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 527 shares in the last quarter. Addenda Capital Inc. lifted its holdings in Osisko Gold Royalties by 1.4% during the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock worth $694,000 after acquiring an additional 532 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Osisko Gold Royalties by 11.0% in the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company’s stock worth $422,000 after acquiring an additional 2,265 shares in the last quarter. US Bancorp DE raised its position in shares of 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 during the period. Finally, Capital Performance Advisors LLP bought a new position in shares of Osisko Gold Royalties during the 3rd quarter valued at about $58,000. 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.