Louisbourg Investments Inc. Cuts Stock Position in Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. lessened its holdings in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 46.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 156,637 shares of the basic materials company's stock after selling 137,871 shares during the period. Louisbourg Investments Inc. owned about 0.08% of Osisko Gold Royalties worth $2,835,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PFG Investments LLC raised its stake in 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 worth $449,000 after acquiring an additional 527 shares during the period. Addenda Capital Inc. raised its stake in 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 worth $694,000 after acquiring an additional 532 shares during the period. Moors & Cabot Inc. raised its stake in Osisko Gold Royalties by 11.0% during the 3rd quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company's stock worth $422,000 after acquiring an additional 2,265 shares during the period. US Bancorp DE raised its stake 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 worth $197,000 after acquiring an additional 2,584 shares during the period. Finally, Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties during the 3rd quarter worth approximately $58,000. Institutional investors own 68.52% of the company's stock.

Wall Street Analyst Weigh In

OR has been the topic of a number of recent analyst reports. TD Cowen cut shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note 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 price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an "outperform" rating in a research report on Tuesday.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock traded down $0.75 on Friday, hitting $19.68. 646,510 shares of the company traded hands, compared to its average volume of 548,752. The stock has a market capitalization of $3.67 billion, a P/E ratio of -93.70 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. Osisko Gold Royalties Ltd has a 52 week low of $12.77 and a 52 week high of $21.29. The business has a 50-day simple moving average of $18.88 and a 200 day simple moving average of $18.68.

About Osisko Gold Royalties

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.