Osisko Gold Royalties (TSE:OR) Downgraded to “Hold” Rating by Canaccord Genuity Group

Canaccord Genuity Group lowered shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a research report report published on Thursday, Marketbeat.com reports. The firm currently has C$56.00 price target on the stock, up from their previous price target of C$44.00.

A number of other analysts also recently issued reports on the stock. National Bankshares raised their price objective on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, June 24th. TD Securities raised their price objective on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a report on Wednesday, July 16th. Finally, BMO Capital Markets raised their price objective on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a report on Wednesday, June 4th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Osisko Gold Royalties currently has an average rating of “Moderate Buy” and an average price target of C$41.00.

Osisko Gold Royalties Stock Performance

Shares of OR stock opened at C$55.03 on Thursday. The firm has a 50-day moving average of C$45.86 and a 200-day moving average of C$37.91. The company has a market cap of C$10.36 billion, a P/E ratio of 131.02, a P/E/G ratio of 1.31 and a beta of 0.85. The company has a debt-to-equity ratio of 5.29, a current ratio of 4.40 and a quick ratio of 0.98. Osisko Gold Royalties has a one year low of C$24.96 and a one year high of C$57.15.

About Osisko Gold Royalties

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.