Van ECK Associates Corp Reduces Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Van ECK Associates Corp reduced its position in Osisko Gold Royalties Ltd (NYSE:OR - Free Report) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,854,441 shares of the basic materials company's stock after selling 1,247,520 shares during the quarter. Van ECK Associates Corp owned 9.03% of Osisko Gold Royalties worth $305,065,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Osisko Gold Royalties by 190.5% in the third quarter. The Manufacturers Life Insurance Company now owns 796,804 shares of the basic materials company's stock worth $14,766,000 after buying an additional 522,551 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. raised its stake in Osisko Gold Royalties by 53.9% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after buying an additional 338,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Osisko Gold Royalties by 45.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 420,462 shares of the basic materials company's stock worth $7,783,000 after buying an additional 131,558 shares in the last quarter. Anson Funds Management LP raised its stake in Osisko Gold Royalties by 64.3% in the third quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company's stock worth $4,032,000 after buying an additional 85,200 shares in the last quarter. Finally, FMR LLC raised its stake in Osisko Gold Royalties by 1.9% in the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company's stock worth $83,070,000 after buying an additional 83,799 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on OR shares. Royal Bank of Canada boosted their price objective on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. TD Securities lowered shares of Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, TD Cowen lowered shares of Osisko Gold Royalties from a "buy" rating to a "hold" rating in a report on Monday, November 11th.

Osisko Gold Royalties Stock Performance

Shares of OR traded down $0.75 during trading hours on Friday, reaching $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 quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties Ltd has a 12-month low of $12.77 and a 12-month high of $21.29. The business has a fifty day moving average price of $18.89 and a 200-day moving average price of $18.70.

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.