Horizon Kinetics Asset Management LLC Trims Stock Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Horizon Kinetics Asset Management LLC lessened its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 0.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392,145 shares of the basic materials company’s stock after selling 2,334 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Osisko Gold Royalties were worth $25,769,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Osisko Gold Royalties by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company’s stock worth $111,595,000 after acquiring an additional 60,083 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in Osisko Gold Royalties by 219.6% during the first quarter. CANADA LIFE ASSURANCE Co now owns 53,742 shares of the basic materials company’s stock worth $880,000 after purchasing an additional 36,929 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new position in shares of Osisko Gold Royalties during the first quarter worth $109,825,000. B. Riley Wealth Advisors Inc. grew its stake in shares of Osisko Gold Royalties by 9.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 59,528 shares of the basic materials company’s stock valued at $977,000 after buying an additional 4,982 shares in the last quarter. Finally, Yaupon Capital Management LP purchased a new stake in shares of Osisko Gold Royalties in the 1st quarter valued at $15,973,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Jefferies Financial Group boosted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th. Royal Bank of Canada cut 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. Finally, TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.7 %

Osisko Gold Royalties stock opened at $20.26 on Monday. The company has a market capitalization of $3.78 billion, a P/E ratio of -95.76 and a beta of 1.03. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The stock has a 50-day simple moving average of $19.44 and a 200-day simple moving average of $17.71.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.048 dividend. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.05. This represents a $0.19 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Tuesday, December 31st. Osisko Gold Royalties’s dividend payout ratio is presently -90.48%.

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.