JPMorgan Chase & Co. raised its position in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 351.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,131 shares of the basic materials company’s stock after purchasing an additional 154,203 shares during the period. JPMorgan Chase & Co. owned 0.13% of Osisko Gold Royalties worth $2,421,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in shares of Osisko Gold Royalties by 7.5% during the first quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 2,130 shares in the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of Osisko Gold Royalties in the first quarter worth $182,000. Swiss National Bank raised its position in shares of Osisko Gold Royalties by 1.6% in the first quarter. Swiss National Bank now owns 175,730 shares of the basic materials company’s stock worth $1,953,000 after buying an additional 2,700 shares in the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Osisko Gold Royalties by 55.7% in the first 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 in the last quarter. Finally, Stifel Financial Corp purchased a new stake in shares of Osisko Gold Royalties in the first quarter worth $210,000. 39.11% of the stock is owned by institutional investors and hedge funds.
OR has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Osisko Gold Royalties from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research report on Wednesday, July 12th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Thursday, September 7th. Finally, Raymond James Financial, Inc. initiated coverage on Osisko Gold Royalties in a research report on Thursday, June 15th. They issued an “outperform” rating and a $20.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $17.67.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be paid a dividend of $0.0401 per share. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.03. The ex-dividend date is Thursday, September 28th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 1.21%. Osisko Gold Royalties’s payout ratio is 53.33%.
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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.
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