Osisko Gold Royalties (NYSE:OR) Stock Rating Upgraded by Wall Street Zen

Osisko Gold Royalties (NYSE:OR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Other research analysts have also issued reports about the stock. Raymond James reissued an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. National Bankshares restated an “outperform” rating on shares of Osisko Gold Royalties in a research report on Wednesday, April 23rd. Scotiabank upgraded Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and raised their price target for the stock from $22.00 to $24.00 in a research report on Monday, April 14th. Finally, Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.00.

Osisko Gold Royalties Trading Up 1.6%

OR stock opened at $26.83 on Friday. The firm has a fifty day moving average price of $24.06 and a 200 day moving average price of $20.86. Osisko Gold Royalties has a fifty-two week low of $15.12 and a fifty-two week high of $27.60. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market cap of $5.02 billion, a PE ratio of 298.07 and a beta of 0.76.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.03. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The firm had revenue of $54.92 million during the quarter, compared to analyst estimates of $79.63 million. Sell-side analysts anticipate that Osisko Gold Royalties will post 0.62 earnings per share for the current fiscal year.

Institutional Trading of Osisko Gold Royalties

Several institutional investors and hedge funds have recently made changes to their positions in OR. Plato Investment Management Ltd bought a new stake in shares of Osisko Gold Royalties during the first quarter worth $56,000. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at $57,000. Summit Securities Group LLC purchased a new position in shares of Osisko Gold Royalties during the first quarter valued at $62,000. Generali Investments CEE investicni spolecnost a.s. purchased a new position in shares of Osisko Gold Royalties during the fourth quarter valued at $72,000. Finally, Northwest & Ethical Investments L.P. increased its stake in shares of Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after buying an additional 626 shares during the period. 68.52% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Company 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.