First Eagle Investment Management LLC bought a new position in Osisko Gold Royalties Ltd (NYSE:OR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,110,563 shares of the company’s stock, valued at approximately $23,088,000. First Eagle Investment Management LLC owned 1.98% of Osisko Gold Royalties at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Sprott Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $854,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $14,178,000. TD Asset Management Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $7,753,000. Bank of New York Mellon Corp purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $270,000. Finally, CIBC World Markets Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter valued at approximately $543,000.

Institutional Ownership by Quarter for Osisko Gold Royalties (NYSE:OR)

Shares of Osisko Gold Royalties Ltd (NYSE:OR) traded down 0.41% during midday trading on Tuesday, reaching $9.77. The company had a trading volume of 14,622 shares. The company has a market capitalization of $1.04 billion and a P/E ratio of 36.05. The company’s 50 day moving average price is $10.13 and its 200-day moving average price is $11.55. Osisko Gold Royalties Ltd has a 52 week low of $9.10 and a 52 week high of $14.74.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be paid a dividend of $0.0299 per share. This represents a $0.12 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Wednesday, December 28th.

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OR has been the topic of several research reports. Zacks Investment Research lowered Osisko Gold Royalties from a “hold” rating to a “sell” rating in a research note on Tuesday, October 11th. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research report on Tuesday, October 25th. Finally, National Bank Financial reaffirmed an “outperform overweight” rating on shares of Osisko Gold Royalties in a research report on Thursday, August 4th.

5 Day Chart for NYSE:OR

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