Hara Capital LLC Sells 1,550 Shares of Osisko Gold Royalties Ltd (NYSE:OR)

Hara Capital LLC cut its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 6.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,686 shares of the basic materials company’s stock after selling 1,550 shares during the period. Hara Capital LLC’s holdings in Osisko Gold Royalties were worth $393,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. CIBC Asset Management Inc boosted its holdings in Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares during the period. SeaBridge Investment Advisors LLC bought a new position in Osisko Gold Royalties in the 4th quarter valued at $244,000. PFG Investments LLC raised its position in shares of Osisko Gold Royalties by 2.2% during the 4th quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock valued at $449,000 after buying an additional 527 shares in the last quarter. Addenda Capital Inc. raised its position in shares of Osisko Gold Royalties by 1.4% during the 4th quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after buying an additional 532 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Osisko Gold Royalties by 58.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,947 shares of the basic materials company’s stock valued at $314,000 after buying an additional 6,237 shares in the last quarter. 68.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on OR. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Finally, 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 research report on Tuesday, February 11th.

Osisko Gold Royalties Stock Performance

Shares of NYSE:OR opened at $19.68 on Tuesday. The company’s fifty day moving average is $18.89 and its 200 day moving average is $18.71. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05.

Osisko Gold Royalties 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.