Osisko Gold Royalties (NYSE:OR) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

Osisko Gold Royalties Ltd (NYSE:OR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred 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 traded.

Wall Street Analysts Forecast Growth

OR has been the subject of several recent research reports. Jefferies Financial Group raised their target price on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Price Performance

The company’s 50 day simple moving average is $18.92 and its 200-day simple moving average is $18.47. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.50 billion, a price-to-earnings ratio of -89.36 and a beta of 1.02.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.048 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend was Tuesday, December 31st. Osisko Gold Royalties’s payout ratio is presently -85.71%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds have recently made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Osisko Gold Royalties during the third quarter worth approximately $58,000. Point72 DIFC Ltd acquired a new stake in shares of Osisko Gold Royalties during the 2nd quarter worth $71,000. Icon Wealth Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the 3rd quarter worth $187,000. US Bancorp DE boosted its holdings in 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 valued at $197,000 after acquiring an additional 2,584 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC purchased a new stake in Osisko Gold Royalties during the fourth quarter valued at about $244,000. Institutional investors and hedge funds 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.