Osisko Gold Royalties (NYSE:OR) Rating Increased to Hold at Zacks Investment Research

Osisko Gold Royalties (NYSE:ORGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “

A number of other research firms also recently weighed in on OR. Raymond James decreased their price target on Osisko Gold Royalties from C$23.00 to C$22.75 in a research note on Friday, May 13th. Scotiabank lifted their price target on Osisko Gold Royalties from C$22.50 to C$24.00 in a research note on Tuesday, April 19th. TD Securities lifted their price target on Osisko Gold Royalties from C$21.00 to C$23.00 in a research note on Wednesday, April 6th. National Bank Financial lifted their price objective on Osisko Gold Royalties from C$20.00 to C$22.00 in a report on Wednesday, April 20th. Finally, BMO Capital Markets reduced their price objective on Osisko Gold Royalties from C$20.00 to C$19.00 in a report on Friday, February 25th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Osisko Gold Royalties has an average rating of “Buy” and a consensus price target of $20.89.

Shares of OR stock opened at $10.68 on Thursday. The business’s 50 day moving average is $12.91 and its two-hundred day moving average is $12.42. Osisko Gold Royalties has a twelve month low of $10.18 and a twelve month high of $15.12. The company has a market capitalization of $1.97 billion, a P/E ratio of -66.75 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06.

Osisko Gold Royalties (NYSE:ORGet Rating) last posted its quarterly earnings results on Thursday, February 24th. The basic materials company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). Osisko Gold Royalties had a negative net margin of 15.65% and a positive return on equity of 2.33%. The business had revenue of $40.20 million during the quarter. As a group, equities analysts predict that Osisko Gold Royalties will post 0.36 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in OR. Van ECK Associates Corp grew its position in Osisko Gold Royalties by 14.3% during the first quarter. Van ECK Associates Corp now owns 15,914,698 shares of the basic materials company’s stock valued at $209,910,000 after acquiring an additional 1,991,245 shares during the period. Norges Bank purchased a new stake in Osisko Gold Royalties during the fourth quarter valued at about $20,944,000. Millennium Management LLC grew its position in Osisko Gold Royalties by 36.2% during the third quarter. Millennium Management LLC now owns 4,823,572 shares of the basic materials company’s stock valued at $54,169,000 after acquiring an additional 1,282,442 shares during the period. Vanguard Group Inc. grew its position in Osisko Gold Royalties by 13.5% during the first quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company’s stock valued at $80,079,000 after acquiring an additional 722,515 shares during the period. Finally, Morgan Stanley grew its position in Osisko Gold Royalties by 117.2% during the third quarter. Morgan Stanley now owns 996,163 shares of the basic materials company’s stock valued at $11,186,000 after acquiring an additional 537,434 shares during the period. Hedge funds and other institutional investors own 66.21% of the company’s stock.

About Osisko Gold Royalties (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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