CIBC World Markets Inc. boosted its position in Osisko gold royalties Ltd (NYSE:OR) by 48.6% during the third quarter, Holdings Channel reports. The fund owned 104,666 shares of the basic materials company’s stock after buying an additional 34,221 shares during the quarter. CIBC World Markets Inc.’s holdings in Osisko gold royalties were worth $794,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in OR. Signition LP bought a new stake in shares of Osisko gold royalties during the third quarter worth $118,000. Dimensional Fund Advisors LP grew its stake in shares of Osisko gold royalties by 53.4% during the second quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock worth $209,000 after buying an additional 7,698 shares during the last quarter. BlackRock Inc. grew its stake in shares of Osisko gold royalties by 132.7% during the second quarter. BlackRock Inc. now owns 26,580 shares of the basic materials company’s stock worth $252,000 after buying an additional 15,159 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Osisko gold royalties by 173.1% during the second quarter. Bank of America Corp DE now owns 29,747 shares of the basic materials company’s stock worth $282,000 after buying an additional 18,853 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Osisko gold royalties by 13,375.1% during the second quarter. Tower Research Capital LLC TRC now owns 47,567 shares of the basic materials company’s stock worth $451,000 after buying an additional 47,214 shares during the last quarter. 49.93% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. TheStreet cut shares of Osisko gold royalties from a “c-” rating to a “d+” rating in a research note on Monday, November 12th. TD Securities reaffirmed a “buy” rating on shares of Osisko gold royalties in a research note on Thursday, November 8th. Zacks Investment Research cut shares of Osisko gold royalties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 9th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Osisko gold royalties in a research note on Friday, November 2nd. Finally, Raymond James reaffirmed a “buy” rating and set a $16.50 target price on shares of Osisko gold royalties in a research note on Monday. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $16.50.

Shares of NYSE:OR opened at $7.35 on Thursday. The firm has a market cap of $1.17 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 20.73 and a beta of 0.03. The company has a current ratio of 12.70, a quick ratio of 12.46 and a debt-to-equity ratio of 0.22. Osisko gold royalties Ltd has a 52 week low of $7.00 and a 52 week high of $12.10.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be issued a dividend of $0.038 per share. The ex-dividend date is Friday, December 28th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.07%. Osisko gold royalties’s dividend payout ratio (DPR) is presently 107.14%.

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Osisko gold royalties Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

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Institutional Ownership by Quarter for Osisko gold royalties (NYSE:OR)

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