Stansberry Asset Management LLC Purchases 7,284 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Stansberry Asset Management LLC grew its position in Osisko Gold Royalties Ltd (NYSE:OR) by 2.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 358,853 shares of the basic materials company’s stock after acquiring an additional 7,284 shares during the period. Stansberry Asset Management LLC’s holdings in Osisko Gold Royalties were worth $6,642,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position 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. Capital Performance Advisors LLP bought a new position in Osisko Gold Royalties during the 3rd quarter worth $58,000. Point72 DIFC Ltd bought a new position in Osisko Gold Royalties during the 2nd quarter worth $71,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties during the 3rd quarter worth about $187,000. Finally, US Bancorp DE grew its holdings 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 worth $197,000 after acquiring an additional 2,584 shares during the period. 68.52% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on OR shares. Jefferies Financial Group increased their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a report on Friday, October 4th. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada reduced their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th.

Osisko Gold Royalties Trading Up 0.7 %

Shares of NYSE OR opened at $19.41 on Thursday. Osisko Gold Royalties Ltd has a fifty-two week low of $12.77 and a fifty-two week high of $21.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm’s 50-day simple moving average is $19.62 and its 200 day simple moving average is $17.87.

Osisko Gold Royalties Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.19 annualized dividend and a yield of 0.99%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -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.