Morgan Stanley raised its stake in Osisko Gold Royalties Ltd (NYSE:OR) by 128.0% during the first quarter, Holdings Channel reports. The firm owned 387,548 shares of the basic materials company’s stock after buying an additional 217,566 shares during the period. Morgan Stanley’s holdings in Osisko Gold Royalties were worth $4,302,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC boosted its stake in Osisko Gold Royalties by 6.0% in the first quarter. FMR LLC now owns 1,135,993 shares of the basic materials company’s stock worth $12,625,000 after buying an additional 64,200 shares during the last quarter. Tocqueville Asset Management L.P. boosted its stake in Osisko Gold Royalties by 6.1% in the first quarter. Tocqueville Asset Management L.P. now owns 5,490,736 shares of the basic materials company’s stock worth $60,871,000 after buying an additional 315,000 shares during the last quarter. Norges Bank purchased a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $5,290,000. Cullen Capital Management LLC purchased a new stake in Osisko Gold Royalties during the first quarter worth approximately $628,000. Finally, Commerzbank Aktiengesellschaft FI boosted its stake in Osisko Gold Royalties by 55.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 92,504 shares of the basic materials company’s stock worth $1,027,000 after buying an additional 33,176 shares during the last quarter. Hedge funds and other institutional investors own 61.23% of the company’s stock.

Osisko Gold Royalties Ltd (OR) traded up 0.63% during midday trading on Friday, reaching $12.69. 470,393 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.99 billion and a price-to-earnings ratio of 41.07. Osisko Gold Royalties Ltd has a 52 week low of $8.88 and a 52 week high of $13.35. The firm’s 50 day moving average is $12.44 and its 200 day moving average is $11.52.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a $0.0401 dividend. The ex-dividend date is Thursday, September 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.03. This represents a $0.16 dividend on an annualized basis and a yield of 1.26%. Osisko Gold Royalties’s payout ratio is presently 40.00%.

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A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Raymond James Financial, Inc. assumed coverage on shares of Osisko Gold Royalties in a research note on Thursday, June 15th. They set an “outperform” rating and a $20.00 target price on the stock. Finally, TD Securities cut shares of Osisko Gold Royalties to a “hold” rating and set a $19.00 target price on the stock. in a research note on Tuesday, June 6th.

About Osisko Gold Royalties

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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Institutional Ownership by Quarter for Osisko Gold Royalties (NYSE:OR)

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