Verition Fund Management LLC Has $9 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Verition Fund Management LLC lowered its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 38.5% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 486,019 shares of the basic materials company’s stock after selling 304,406 shares during the period. Verition Fund Management LLC owned about 0.26% of Osisko Gold Royalties worth $8,996,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of OR. Icon Wealth Advisors LLC bought a new stake in Osisko Gold Royalties in the third quarter worth $187,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Osisko Gold Royalties by 45.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company’s stock worth $7,783,000 after buying an additional 131,558 shares during the last quarter. FMR LLC boosted its stake in shares of Osisko Gold Royalties by 1.9% during the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after acquiring an additional 83,799 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Osisko Gold Royalties by 190.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company’s stock valued at $14,766,000 after acquiring an additional 522,551 shares during the last quarter. Finally, Scheer Rowlett & Associates Investment Management Ltd. raised its stake in shares of Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after acquiring an additional 338,354 shares in the last quarter. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on OR. Jefferies Financial Group upped their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. Royal Bank of Canada lowered their target price on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note 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, November 11th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Price Performance

OR opened at $19.38 on Friday. The business has a 50 day moving average of $19.57 and a 200-day moving average of $17.81. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40. 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 business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.048 dividend. The ex-dividend date is Tuesday, December 31st. This is an increase 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 0.99%. Osisko Gold Royalties’s dividend payout ratio is -90.48%.

Osisko Gold Royalties Company 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.