Pembroke Management LTD Trims Position in Osisko Gold Royalties Ltd (NYSE:OR)

Pembroke Management LTD trimmed its position in Osisko Gold Royalties Ltd (NYSE:OR) by 10.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,585,608 shares of the basic materials company’s stock after selling 189,400 shares during the quarter. Osisko Gold Royalties accounts for 2.5% of Pembroke Management LTD’s holdings, making the stock its 9th largest holding. Pembroke Management LTD owned about 1.01% of Osisko Gold Royalties worth $25,528,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of OR. Bank of New York Mellon Corp lifted its holdings in shares of Osisko Gold Royalties by 7.5% in the 1st quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock worth $338,000 after buying an additional 2,130 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Osisko Gold Royalties by 55.7% in the 1st quarter. UBS Asset Management Americas Inc. now owns 32,986 shares of the basic materials company’s stock worth $366,000 after buying an additional 11,800 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Osisko Gold Royalties by 5.6% in the 1st quarter. Vanguard Group Inc. now owns 2,052,198 shares of the basic materials company’s stock worth $22,779,000 after buying an additional 108,568 shares during the period. Morgan Stanley lifted its holdings in shares of Osisko Gold Royalties by 128.0% in the 1st quarter. Morgan Stanley now owns 387,548 shares of the basic materials company’s stock worth $4,302,000 after buying an additional 217,566 shares during the period. Finally, Credit Suisse AG lifted its holdings in shares of Osisko Gold Royalties by 81.9% in the 1st quarter. Credit Suisse AG now owns 217,883 shares of the basic materials company’s stock worth $2,419,000 after buying an additional 98,130 shares during the period. Institutional investors and hedge funds own 44.18% of the company’s stock.

Several research analysts have recently commented on the company. Royal Bank Of Canada reissued an “outperform” rating on shares of Osisko Gold Royalties in a research report on Thursday, September 7th. Scotiabank reissued a “buy” rating and issued a $20.00 price target on shares of Osisko Gold Royalties in a research report on Monday, November 6th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Osisko Gold Royalties presently has a consensus rating of “Buy” and an average price target of $18.25.

Osisko Gold Royalties Ltd (OR) traded down $0.21 on Thursday, hitting $11.17. The stock had a trading volume of 564,605 shares, compared to its average volume of 598,920. The company has a market cap of $1,813.63, a price-to-earnings ratio of 57.75 and a beta of -0.34. The company has a current ratio of 6.18, a quick ratio of 5.80 and a debt-to-equity ratio of 0.10. Osisko Gold Royalties Ltd has a 52-week low of $8.88 and a 52-week high of $14.39.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.039 dividend. This represents a $0.16 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Thursday, December 28th. Osisko Gold Royalties’s payout ratio is 76.19%.

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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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