Horizon Kinetics Asset Management LLC Lowers Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Horizon Kinetics Asset Management LLC reduced its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 0.2% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,392,145 shares of the basic materials company’s stock after selling 2,334 shares during the period. Horizon Kinetics Asset Management LLC owned approximately 0.75% of Osisko Gold Royalties worth $25,769,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of OR. Vanguard Group Inc. raised its holdings in Osisko Gold Royalties by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after purchasing an additional 60,083 shares during the period. CANADA LIFE ASSURANCE Co raised its position in Osisko Gold Royalties by 219.6% during the first 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 period. Price T Rowe Associates Inc. MD acquired a new stake in shares of Osisko Gold Royalties in the first quarter valued at about $109,825,000. B. Riley Wealth Advisors Inc. increased its stake in shares of Osisko Gold Royalties by 9.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 59,528 shares of the basic materials company’s stock worth $977,000 after purchasing an additional 4,982 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of Osisko Gold Royalties during the first quarter worth about $15,973,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada dropped their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, September 10th. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group upped 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.

Osisko Gold Royalties Trading Up 0.7 %

Shares of Osisko Gold Royalties stock opened at $20.26 on Monday. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. The stock’s 50 day simple moving average is $19.44 and its 200-day simple moving average is $17.71. The stock has a market cap of $3.78 billion, a P/E ratio of -95.76 and a beta of 1.03. Osisko Gold Royalties Ltd has a 1-year low of $12.77 and a 1-year high of $21.29.

Osisko Gold Royalties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.048 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 annualized dividend and a dividend yield of 0.95%. Osisko Gold Royalties’s payout ratio is presently -90.48%.

Osisko Gold Royalties 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.