Thu Sep 19 08:25:15 UTC 2024: ## Osisko Gold Royalties (OR) Stock Rises Above 50-Day Moving Average

**New York, NY – September 19, 2024** – Shares of Osisko Gold Royalties Ltd (NYSE:OR) closed at $17.86 on Wednesday, surpassing its 50-day moving average of $17.29. The stock reached a high of $18.62 during the trading day, with a volume of 1,014,799 shares exchanged.

This upward movement comes amidst positive analyst sentiment. TD Securities recently upgraded Osisko Gold Royalties to a “strong-buy” rating, while Jefferies Financial Group raised its rating to a “buy” and set a $19.00 target price. Royal Bank of Canada maintained an “outperform” rating but lowered its price objective from $21.00 to $20.00.

Osisko Gold Royalties reported strong second-quarter earnings on August 6th, exceeding analysts’ estimates with earnings per share of $0.13. The company also announced a quarterly dividend of $0.047 per share, payable on October 15th to shareholders of record on September 30th.

Hedge fund activity surrounding Osisko Gold Royalties is notable. Price T Rowe Associates Inc. MD established a new position valued at $109,825,000, while Bornite Capital Management LP also initiated a new position worth approximately $33,370,000. Mackenzie Financial Corp significantly increased its stake by 237.0%, now owning 1,977,895 shares valued at $30,827,000. Norges Bank and Millennium Management LLC also added to their positions in the company.

Osisko Gold Royalties focuses on acquiring and managing precious metal royalties, streams, and other interests. The company’s primary asset is a royalty on the Canadian Malartic complex, making it a key player in the gold market.

**Disclaimer:** This news article is intended for informational purposes only and should not be considered as investment advice.

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