Swiss National Bank Has $6.11 Million Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Swiss National Bank decreased its position in Osisko Gold Royalties Ltd (NYSE:OR) by 0.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 329,130 shares of the basic materials company’s stock after selling 1,800 shares during the period. Swiss National Bank owned 0.18% of Osisko Gold Royalties worth $6,106,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $25,000 after purchasing an additional 916 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in Osisko Gold Royalties during the 3rd quarter worth $58,000. Point72 DIFC Ltd bought a new stake in shares of Osisko Gold Royalties during the 2nd quarter valued at $71,000. US Bancorp DE lifted its stake in shares of Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 2,584 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Osisko Gold Royalties in the 2nd quarter worth $211,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Stock Up 0.7 %

NYSE:OR opened at $19.44 on Wednesday. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -92.57 and a beta of 1.03. 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 stock has a 50-day moving average price of $19.50 and a two-hundred day moving average price of $17.76. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.048 per share. This represents a $0.19 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date is Tuesday, December 31st. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.05. Osisko Gold Royalties’s dividend payout ratio is -90.48%.

Wall Street Analyst Weigh In

A number of research firms recently commented on OR. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada reduced their price objective 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. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties 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.