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

Hara Capital LLC decreased its stake in shares of Osisko Gold Royalties Ltd (NYSE:OR) by 6.7% during the fourth quarter, HoldingsChannel reports. The firm owned 21,686 shares of the basic materials company’s stock after selling 1,550 shares during the quarter. Hara Capital LLC’s holdings in Osisko Gold Royalties were worth $393,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of OR. FMR LLC boosted its stake in Osisko Gold Royalties by 1.9% during the third quarter. FMR LLC now owns 4,484,929 shares of the basic materials company’s stock worth $83,070,000 after acquiring an additional 83,799 shares in the last quarter. CIBC Asset Management Inc lifted its stake in shares of Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock worth $56,215,000 after buying an additional 551,936 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of Osisko Gold Royalties by 5.7% in the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company’s stock worth $28,316,000 after buying an additional 82,150 shares in the last quarter. Scheer Rowlett & Associates Investment Management Ltd. lifted its stake in shares of 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. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of 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. Institutional investors own 68.52% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on OR. Royal Bank of Canada upped 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 note on Tuesday, February 11th. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Finally, TD Cowen downgraded shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Stock Down 3.7 %

Shares of OR stock opened at $19.68 on Tuesday. Osisko Gold Royalties Ltd has a 12 month low of $12.77 and a 12 month high of $21.29. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The company has a 50 day simple moving average of $18.89 and a two-hundred day simple moving average of $18.71.

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.