Shares of Osisko Gold Royalties Ltd (NYSE:OR) reached a new 52-week high during trading on Wednesday . The stock traded as high as $14.24 and last traded at $14.16, with a volume of 388,026 shares trading hands. The stock had previously closed at $14.10.

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

The stock has a market cap of $2.20 billion, a PE ratio of 45.82 and a beta of 0.26. The stock has a 50 day moving average price of $12.87 and a 200 day moving average price of $11.74.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be given a $0.0401 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 1.14%. This is a positive change from Osisko Gold Royalties’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 28th. Osisko Gold Royalties’s dividend payout ratio (DPR) is 40.00%.

A number of large investors have recently bought and sold shares of the stock. Van ECK Associates Corp grew its position in Osisko Gold Royalties by 18.0% in the 1st quarter. Van ECK Associates Corp now owns 20,701,923 shares of the basic materials company’s stock valued at $229,791,000 after buying an additional 3,156,945 shares during the last quarter. EdgePoint Investment Group Inc. grew its position in Osisko Gold Royalties by 23.5% in the 2nd quarter. EdgePoint Investment Group Inc. now owns 3,961,938 shares of the basic materials company’s stock valued at $48,424,000 after buying an additional 755,061 shares during the last quarter. Intact Investment Management Inc. grew its position in Osisko Gold Royalties by 88.6% in the 2nd quarter. Intact Investment Management Inc. now owns 2,668,600 shares of the basic materials company’s stock valued at $42,111,000 after buying an additional 1,253,600 shares during the last quarter. Vanguard Group Inc. grew its position in Osisko Gold Royalties by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,187,359 shares of the basic materials company’s stock valued at $26,729,000 after buying an additional 135,161 shares during the last quarter. Finally, TD Asset Management Inc. grew its position in Osisko Gold Royalties by 139.9% in the 2nd quarter. TD Asset Management Inc. now owns 1,265,774 shares of the basic materials company’s stock valued at $15,448,000 after buying an additional 738,236 shares during the last quarter. Hedge funds and other institutional investors own 39.11% of the company’s stock.

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Osisko Gold Royalties Company 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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