Legal & General Group Plc Grows Stake in Osisko Gold Royalties Ltd (OR)

Legal & General Group Plc grew its position in Osisko Gold Royalties Ltd (NYSE:OR) by 101.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,152 shares of the basic materials company’s stock after acquiring an additional 13,173 shares during the quarter. Legal & General Group Plc’s holdings in Osisko Gold Royalties were worth $337,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its position in shares of Osisko Gold Royalties by 34.0% in the second quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock valued at $312,000 after acquiring an additional 6,500 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Osisko Gold Royalties by 45.8% in the second quarter. SG Americas Securities LLC now owns 29,004 shares of the basic materials company’s stock valued at $354,000 after acquiring an additional 9,106 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Osisko Gold Royalties by 105.2% in the second quarter. Bank of Nova Scotia now owns 29,593 shares of the basic materials company’s stock valued at $362,000 after acquiring an additional 15,169 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Osisko Gold Royalties by 13.3% in the second quarter. Bank of New York Mellon Corp now owns 34,432 shares of the basic materials company’s stock valued at $421,000 after acquiring an additional 4,033 shares in the last quarter. Finally, Exane Derivatives purchased a new position in shares of Osisko Gold Royalties in the third quarter valued at approximately $919,000. Institutional investors and hedge funds own 44.18% of the company’s stock.

Shares of Osisko Gold Royalties Ltd (OR) opened at $11.45 on Friday. Osisko Gold Royalties Ltd has a fifty-two week low of $10.02 and a fifty-two week high of $14.39. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.18 and a quick ratio of 5.80. The company has a market capitalization of $1,810.00, a P/E ratio of 54.52 and a beta of 0.17.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.039 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.16 annualized dividend and a yield of 1.36%. Osisko Gold Royalties’s dividend payout ratio (DPR) is 76.19%.

Several equities research analysts recently commented on OR shares. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a report on Monday, December 11th. Scotiabank reaffirmed a “buy” rating and issued a $20.00 price target on shares of Osisko Gold Royalties in a report on Monday, November 6th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.25.

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Osisko Gold Royalties Company 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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