CIBC Asset Management Inc Sells 85,017 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

CIBC Asset Management Inc lessened its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 3.2% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,559,462 shares of the basic materials company’s stock after selling 85,017 shares during the quarter. CIBC Asset Management Inc’s holdings in Osisko Gold Royalties were worth $47,426,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC raised its holdings 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 during the period. Moors & Cabot Inc. grew its position in shares of Osisko Gold Royalties by 5.1% in the second 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 last quarter. US Bancorp DE increased its stake 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 during the period. Capital Performance Advisors LLP acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth about $58,000. Finally, U S Global Investors Inc. lifted its position in shares of Osisko Gold Royalties by 0.8% during the 3rd 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 last quarter. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Osisko Gold Royalties Trading Up 0.9 %

Shares of OR stock opened at $18.59 on Friday. Osisko Gold Royalties Ltd has a 12 month low of $11.93 and a 12 month high of $21.29. The stock has a 50 day moving average of $19.13 and a two-hundred day moving average of $17.52. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given 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 1.03%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio (DPR) is -90.48%.

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.