Greetings!
Osisko Gold Royalties Ltd (OR) acquires and manages precious
metal and other royalties, streams, and similar interests in Canada and
internationally. Its assets include the 5% net smelter return (NSR) royalty on
the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine;
a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream
on the Brucejack gold and silver mine; and a silver stream on the Gibraltar
mine, all located in Canada. The company also has a 100% silver stream on the
Mantos Blancos copper mine in Chile. It holds a portfolio of approximately 130
royalties, streams, and precious metal offtakes in North America; and owns
rights to participate in future royalty/stream financings on various projects
primarily in Canada. Osisko Gold Royalties Ltd is headquartered in Montreal,
Canada.
Less than seven months ago, we recommended
OR, the stock was selling at just over $7.65 per share. We concluded that
owning shares in OR is an excellent way to own an interest in Gold and other
Valuable hard Assets. Therefore, given its focus on Precious Metals, it
provides some downside protection against substantial Market and/or Economic
downturns going forward.
And given our (correct) forecast that the
Precious Metals were going to launch up, we recommended buying OR. As we write, shares are trading just under $11.45.
That’s about a 50% profit. While we believe OR has some more upside, we believe
in taking profits when we have them. Therefore we offer this recommendation.
Recommendation to Consider:
Sell Half your holdings of Osisko Gold Royalties Ltd (OR) at $11.40 per share or better.
Congratulations.
Best regards,
Deepcaster
April 8, 2019
April 8, 2019
No comments:
Post a Comment
Deepcaster welcomes comments. All comments are moderated.