Louisbourg Investments Inc. Sells 137,871 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. lowered its holdings in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 46.8% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 156,637 shares of the basic materials company’s stock after selling 137,871 shares during the period. Louisbourg Investments Inc.’s holdings in Osisko Gold Royalties were worth $2,835,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Osisko Gold Royalties in the third quarter valued at approximately $58,000. Icon Wealth Advisors LLC acquired a new stake in Osisko Gold Royalties during the 3rd quarter valued at $187,000. US Bancorp DE lifted its holdings in Osisko Gold Royalties by 32.1% during the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 2,584 shares during the last quarter. SeaBridge Investment Advisors LLC bought a new position in Osisko Gold Royalties during the fourth quarter worth $244,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Osisko Gold Royalties in the third quarter valued at $286,000. Institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Trading Down 1.2 %

OR stock opened at $19.76 on Wednesday. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The company’s 50-day simple moving average is $18.83 and its 200 day simple moving average is $18.64. The company has a market capitalization of $3.69 billion, a PE ratio of -94.07 and a beta of 1.02.

Analyst Upgrades and Downgrades

Several analysts recently commented on OR shares. Royal Bank of Canada lifted their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Finally, TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.