Osisko Gold Royalties Ltd (NYSE:OR) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. increased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 5.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,527,110 shares of the basic materials company’s stock after purchasing an additional 82,150 shares during the period. Principal Financial Group Inc. owned 0.82% of Osisko Gold Royalties worth $28,316,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of OR. EverSource Wealth Advisors LLC boosted its stake in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 916 shares during the last quarter. Point72 DIFC Ltd acquired a new position in Osisko Gold Royalties during the second quarter worth about $71,000. US Bancorp DE grew its stake in Osisko Gold Royalties by 32.1% during the 3rd 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 in the last quarter. Squarepoint Ops LLC acquired a new stake in Osisko Gold Royalties in the 2nd quarter valued at about $211,000. Finally, Creekside Partners purchased a new position in Osisko Gold Royalties in the 2nd quarter worth approximately $229,000. 68.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. TD Securities lowered Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday. Jefferies Financial Group raised their target price on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday. Finally, Royal Bank of Canada cut their price objective 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.

Osisko Gold Royalties Stock Down 2.9 %

Shares of NYSE OR opened at $18.58 on Wednesday. Osisko Gold Royalties Ltd has a 52-week low of $11.89 and a 52-week high of $21.29. The business’s 50 day moving average is $19.06 and its two-hundred day moving average is $17.49. The firm has a market cap of $3.47 billion, a price-to-earnings ratio of -91.05 and a beta of 1.03. The company has a quick ratio of 4.92, a current 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 paid a dividend of $0.048 per share. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.05. The ex-dividend date is Tuesday, December 31st. This represents a $0.19 annualized dividend and a yield of 1.03%. Osisko Gold Royalties’s dividend payout ratio is presently -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.