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

Zacks Investment Research upgraded shares of Osisko Gold Royalties (NYSE:ORGet Rating) from a sell rating to a hold rating in a research report report published 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. “

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

NYSE OR opened at $11.42 on Thursday. The business has a 50 day moving average price of $12.81 and a 200 day moving average price of $12.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.25 and a quick ratio of 1.20. The company has a market capitalization of $2.11 billion, a P/E ratio of -71.38 and a beta of 0.73. Osisko Gold Royalties has a 1-year low of $10.18 and a 1-year high of $15.12.

Osisko Gold Royalties (NYSE:ORGet Rating) last posted its earnings results on Thursday, February 24th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.07). The company had revenue of $40.20 million during the quarter. Osisko Gold Royalties had a negative net margin of 15.65% and a positive return on equity of 2.33%. On average, research analysts expect that Osisko Gold Royalties will post 0.38 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Wednesday, June 29th. Osisko Gold Royalties’s payout ratio is -106.25%.

A number of institutional investors have recently added to or reduced their stakes in OR. FMR LLC raised its stake in shares of Osisko Gold Royalties by 13.4% in the 1st quarter. FMR LLC now owns 1,315,294 shares of the basic materials company’s stock worth $14,773,000 after buying an additional 155,000 shares in the last quarter. First Trust Advisors LP acquired a new position in Osisko Gold Royalties in the 1st quarter worth approximately $740,000. Morgan Stanley grew its position in Osisko Gold Royalties by 19.8% during the 2nd quarter. Morgan Stanley now owns 458,729 shares of the basic materials company’s stock worth $6,284,000 after purchasing an additional 75,860 shares in the last quarter. SG Americas Securities LLC raised its stake in Osisko Gold Royalties by 234.6% during the 3rd quarter. SG Americas Securities LLC now owns 27,275 shares of the basic materials company’s stock valued at $306,000 after purchasing an additional 19,123 shares during the period. Finally, Raymond James & Associates lifted its holdings in shares of Osisko Gold Royalties by 14.2% in the third quarter. Raymond James & Associates now owns 82,418 shares of the basic materials company’s stock valued at $925,000 after purchasing an additional 10,246 shares in the last quarter. 66.21% of the stock is currently owned by hedge funds and other institutional investors.

Osisko Gold Royalties Company Profile (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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