Renaissance Technologies LLC Reduces Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Posted by Defense World Staff on Mar 5th, 2023

Renaissance Technologies LLC lowered its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) by 6.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,308,474 shares of the basic materials company’s stock after selling 85,200 shares during the quarter. Renaissance Technologies LLC owned about 0.71% of Osisko Gold Royalties worth $13,323,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. CoreCap Advisors LLC purchased a new position in shares of Osisko Gold Royalties during the second quarter worth about $34,000. Great West Life Assurance Co. Can purchased a new position in shares of Osisko Gold Royalties during the third quarter worth about $83,000. Northern Trust Corp purchased a new position in shares of Osisko Gold Royalties during the second quarter worth about $101,000. Moors & Cabot Inc. purchased a new position in shares of Osisko Gold Royalties during the first quarter worth about $140,000. Finally, Newman Dignan & Sheerar Inc. purchased a new position in shares of Osisko Gold Royalties during the third quarter worth about $108,000. Hedge funds and other institutional investors own 55.37% of the company’s stock.

Osisko Gold Royalties Price Performance

OR stock opened at $13.62 on Friday. The firm has a 50 day moving average of $12.95 and a 200-day moving average of $11.67. Osisko Gold Royalties Ltd has a 12-month low of $9.19 and a 12-month high of $14.56. The company has a current ratio of 5.87, a quick ratio of 0.98 and a debt-to-equity ratio of 0.09.

Osisko Gold Royalties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.041 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.20%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date is Thursday, March 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently -32.00%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. TD Securities raised their price target on Osisko Gold Royalties from C$20.00 to C$21.00 in a report on Monday, November 14th. Scotiabank lifted their price objective on Osisko Gold Royalties from C$25.00 to C$26.00 in a report on Wednesday, January 18th. National Bank Financial lifted their price objective on Osisko Gold Royalties from C$22.00 to C$23.00 in a report on Friday, January 13th. BMO Capital Markets lifted their price objective on Osisko Gold Royalties from C$18.00 to C$21.00 in a report on Wednesday, February 15th. Finally, Raymond James lifted their price objective on Osisko Gold Royalties from C$21.00 to C$21.50 in a report on Thursday, December 29th.

Osisko Gold Royalties Company Profile

(Get Rating)

Osisko Gold Royalties Ltd. engages in the acquisition, mining, and exploration of precious metals, streams, and other royalties. It holds interests in the Canadian Malartic mine. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.