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

Van ECK Associates Corp decreased its position in Osisko Gold Royalties Ltd (NYSE:OR) by 6.9% during the fourth quarter, Holdings Channel.com reports. The fund 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 0.09% of Osisko Gold Royalties worth $305,065,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties in the third quarter valued at $58,000. Icon Wealth Advisors LLC purchased a new position in shares of Osisko Gold Royalties during the 3rd quarter worth approximately $187,000. US Bancorp DE raised its position in shares of Osisko Gold Royalties by 32.1% in 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 in the last quarter. SeaBridge Investment Advisors LLC purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $244,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Osisko Gold Royalties during the third quarter valued at approximately $286,000. 68.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

OR has been the subject of a number of research reports. TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada lifted their price target 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. Finally, TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $20.39 on Thursday. Osisko Gold Royalties Ltd has a 12 month low of $12.77 and a 12 month high of $21.29. The business’s fifty day simple moving average is $18.84 and its two-hundred day simple moving average is $18.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

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.