Louisbourg Investments Inc. Has $2.84 Million Holdings in Osisko Gold Royalties Ltd (NYSE:OR)

Louisbourg Investments Inc. reduced its holdings in Osisko Gold Royalties Ltd (NYSE:OR) by 46.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 156,637 shares of the basic materials company’s stock after selling 137,871 shares during the quarter. Louisbourg Investments Inc. owned 0.08% of Osisko Gold Royalties worth $2,835,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted 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 valued at $14,766,000 after buying an additional 522,551 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its position in Osisko Gold Royalties by 53.9% in the 3rd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company’s stock valued at $17,886,000 after acquiring an additional 338,354 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Osisko Gold Royalties by 45.5% in the 3rd 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 purchasing an additional 131,558 shares during the period. Anson Funds Management LP increased its holdings in Osisko Gold Royalties by 64.3% during the 3rd quarter. Anson Funds Management LP now owns 217,700 shares of the basic materials company’s stock worth $4,032,000 after purchasing an additional 85,200 shares in the last quarter. Finally, FMR LLC raised its stake in shares of Osisko Gold Royalties by 1.9% in the 3rd quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock valued at $83,070,000 after purchasing an additional 83,799 shares during the period. Institutional investors and hedge funds own 68.52% of the company’s stock.

Analyst Upgrades and Downgrades

OR has been the subject of several recent research reports. TD Cowen cut Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities downgraded 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 report on Tuesday.

Osisko Gold Royalties Price Performance

NYSE:OR 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 market cap of $3.69 billion, a P/E ratio of -94.07 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. The stock’s 50-day simple moving average is $18.83 and its 200 day simple moving average is $18.64.

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.