Osisko Gold Royalties Ltd (NYSE:OR) Shares Purchased by Guggenheim Capital LLC

Posted by Defense World Staff on Aug 30th, 2023

Guggenheim Capital LLC lifted its position in Osisko Gold Royalties Ltd (NYSE:OR – Free Report) by 25.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 152,768 shares of the basic materials company’s stock after purchasing an additional 30,953 shares during the period. Guggenheim Capital LLC owned about 0.08% of Osisko Gold Royalties worth $2,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in OR. Van ECK Associates Corp lifted its stake in shares of Osisko Gold Royalties by 18.1% in the 1st quarter. Van ECK Associates Corp now owns 21,407,682 shares of the basic materials company’s stock valued at $338,668,000 after purchasing an additional 3,282,065 shares during the period. Norges Bank purchased a new stake in Osisko Gold Royalties in the 4th quarter worth $21,208,000. Principal Financial Group Inc. purchased a new stake in Osisko Gold Royalties in the 1st quarter worth $16,918,000. Vanguard Group Inc. increased its holdings in Osisko Gold Royalties by 13.5% in the 1st quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company’s stock worth $80,079,000 after acquiring an additional 722,515 shares in the last quarter. Finally, Bornite Capital Management LP purchased a new stake in Osisko Gold Royalties in the 1st quarter worth $6,565,000. 58.77% of the stock is currently owned by institutional investors and hedge funds.

Osisko Gold Royalties Trading Up 1.1 %

Shares of OR opened at $13.64 on Wednesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.45 and a quick ratio of 4.45. Osisko Gold Royalties Ltd has a 12-month low of $9.19 and a 12-month high of $17.96. The firm has a 50-day moving average price of $14.38 and a 200 day moving average price of $15.01.

Osisko Gold Royalties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be issued a $0.045 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.32%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is currently -42.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on OR shares. Scotiabank started coverage on shares of Osisko Gold Royalties in a report on Tuesday, August 22nd. They issued a “sector perform” rating and a $22.00 price target for the company. TheStreet raised shares of Osisko Gold Royalties from a “d” rating to a “b” rating in a report on Thursday, May 25th.

View Our Latest Stock Analysis on OR

About Osisko Gold Royalties

(Free Report)

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 5% net smelter return royalty on the Canadian Malartic mine located in Canada.