International Assets Investment Management LLC Buys Shares of 15,431 Osisko Gold Royalties Ltd (NYSE:OR)

International Assets Investment Management LLC bought a new stake in Osisko Gold Royalties Ltd (NYSE:OR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 15,431 shares of the basic materials company’s stock, valued at approximately $286,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its holdings in Osisko Gold Royalties by 125.7% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 916 shares during the last quarter. Moors & Cabot Inc. boosted its holdings in Osisko Gold Royalties by 5.1% in the 2nd quarter. Moors & Cabot Inc. now owns 20,536 shares of the basic materials company’s stock valued at $320,000 after purchasing an additional 1,000 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in Osisko Gold Royalties by 6.5% in the 1st quarter. Commonwealth Equity Services LLC now owns 35,686 shares of the basic materials company’s stock valued at $586,000 after purchasing an additional 2,182 shares during the last quarter. U S Global Investors Inc. boosted its holdings in Osisko Gold Royalties by 0.8% in the 3rd quarter. U S Global Investors Inc. now owns 437,796 shares of the basic materials company’s stock valued at $8,104,000 after purchasing an additional 3,364 shares during the last quarter. Finally, Point72 DIFC Ltd purchased a new stake in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $71,000. 68.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on OR. Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 10th. TD Securities raised shares of Osisko Gold Royalties to a “strong-buy” rating in a research note on Monday, July 22nd. Finally, Jefferies Financial Group boosted their price target on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Friday, October 4th.

Osisko Gold Royalties Price Performance

Shares of OR opened at $20.30 on Thursday. Osisko Gold Royalties Ltd has a fifty-two week low of $11.89 and a fifty-two week high of $21.29. The firm’s 50 day moving average price is $18.90 and its 200 day moving average price is $17.39. The company has a market cap of $3.78 billion, a P/E ratio of -56.39 and a beta of 1.03. The company has a quick ratio of 4.92, a current ratio of 4.92 and a debt-to-equity ratio of 0.07.

Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.01. Osisko Gold Royalties had a negative net margin of 36.71% and a positive return on equity of 6.80%. The firm had revenue of $47.39 million for the quarter. On average, research analysts forecast that Osisko Gold Royalties Ltd will post 0.48 earnings per share for the current fiscal year.

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.