Icon Wealth Advisors LLC Buys New Stake in Osisko Gold Royalties Ltd (NYSE:OR)

Icon Wealth Advisors LLC purchased a new stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 27,081 shares of the basic materials company’s stock, valued at approximately $501,000.

Other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in shares of Osisko Gold Royalties during the 1st quarter valued at approximately $109,825,000. Bornite Capital Management LP bought a new position in Osisko Gold Royalties during the first quarter valued at $33,370,000. Mackenzie Financial Corp raised its stake in shares of Osisko Gold Royalties by 237.0% in the second quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock valued at $30,827,000 after acquiring an additional 1,391,005 shares during the period. Millennium Management LLC lifted its holdings in shares of Osisko Gold Royalties by 20.5% in the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock worth $102,631,000 after acquiring an additional 1,122,653 shares during the last quarter. Finally, Yaupon Capital Management LP purchased a new position in shares of Osisko Gold Royalties during the 1st quarter worth about $15,973,000. Institutional investors own 68.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research report on Friday, October 4th. TD Cowen lowered 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 report 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 on the stock in a research note on Tuesday, September 10th.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR opened at $20.11 on Friday. The firm’s 50 day simple moving average is $19.44 and its 200-day simple moving average is $17.69. 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 one year low of $12.77 and a one year high of $21.29. The firm has a market cap of $3.75 billion, a PE ratio of -95.76 and a beta of 1.03.

Osisko Gold Royalties Increases Dividend

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