Cipher Capital LP acquired a new position in shares of Osisko Gold Royalties Ltd (NYSE:OR) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 109,161 shares of the basic materials company’s stock, valued at approximately $1,334,000. Cipher Capital LP owned approximately 0.07% of Osisko Gold Royalties as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Osisko Gold Royalties by 18.0% during the first quarter. Van ECK Associates Corp now owns 20,701,923 shares of the basic materials company’s stock worth $229,791,000 after acquiring an additional 3,156,945 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Osisko Gold Royalties by 5.6% during the first quarter. Vanguard Group Inc. now owns 2,052,198 shares of the basic materials company’s stock worth $22,779,000 after acquiring an additional 108,568 shares in the last quarter. TD Asset Management Inc. increased its position in shares of Osisko Gold Royalties by 139.9% during the second quarter. TD Asset Management Inc. now owns 1,265,774 shares of the basic materials company’s stock worth $15,448,000 after acquiring an additional 738,236 shares in the last quarter. FMR LLC increased its position in shares of Osisko Gold Royalties by 6.0% during the first quarter. FMR LLC now owns 1,135,993 shares of the basic materials company’s stock worth $12,625,000 after acquiring an additional 64,200 shares in the last quarter. Finally, Paloma Partners Management Co increased its position in shares of Osisko Gold Royalties by 13.2% during the first quarter. Paloma Partners Management Co now owns 937,120 shares of the basic materials company’s stock worth $10,400,000 after acquiring an additional 109,633 shares in the last quarter. 39.11% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on OR shares. Zacks Investment Research raised shares of Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, July 12th. Raymond James Financial, Inc. started coverage on shares of Osisko Gold Royalties in a research report on Thursday, June 15th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, TD Securities downgraded shares of Osisko Gold Royalties to a “hold” rating and set a $19.00 price objective for the company. in a research report on Tuesday, June 6th.

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Osisko Gold Royalties Ltd (NYSE OR) opened at 14.11 on Thursday. Osisko Gold Royalties Ltd has a one year low of $8.88 and a one year high of $14.37. The company’s 50-day moving average is $12.92 and its 200 day moving average is $11.76. The firm has a market cap of $2.21 billion, a PE ratio of 46.11 and a beta of 0.26.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be paid a dividend of $0.0401 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Thursday, September 28th. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.03. Osisko Gold Royalties’s payout ratio is 40.00%.

Osisko Gold Royalties Profile

Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.

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

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