Osisko Gold Royalties Ltd (NYSE:OR) Receives Average Rating of “Buy” from Analysts

Shares of Osisko Gold Royalties Ltd (NYSE:ORGet Rating) have been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $22.00.

A number of research analysts have issued reports on OR shares. BMO Capital Markets reduced their price objective on shares of Osisko Gold Royalties from C$20.00 to C$19.00 in a research report on Friday, February 25th. Raymond James increased their price objective on shares of Osisko Gold Royalties from C$22.00 to C$23.00 in a research report on Friday, February 25th. Scotiabank cut their price objective on shares of Osisko Gold Royalties from C$26.00 to C$22.50 in a research report on Tuesday, April 5th. TD Securities upped their target price on shares of Osisko Gold Royalties from C$21.00 to C$23.00 in a research note on Wednesday, April 6th. Finally, Zacks Investment Research cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Tuesday, January 25th.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Raymond James & Associates boosted its position in 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 buying an additional 10,246 shares during the last quarter. FCA Corp TX lifted its holdings in Osisko Gold Royalties by 7.1% in the third quarter. FCA Corp TX now owns 40,389 shares of the basic materials company’s stock valued at $453,000 after acquiring an additional 2,676 shares during the period. American Century Companies Inc. acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth approximately $154,000. Goldman Sachs Group Inc. raised its stake in shares of Osisko Gold Royalties by 377.7% during the 3rd quarter. Goldman Sachs Group Inc. now owns 229,269 shares of the basic materials company’s stock worth $2,574,000 after buying an additional 181,278 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Osisko Gold Royalties by 7.7% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 265,199 shares of the basic materials company’s stock worth $2,976,000 after buying an additional 19,021 shares during the period. Institutional investors own 59.60% of the company’s stock.

Shares of OR opened at $13.85 on Tuesday. The company has a market cap of $2.30 billion, a price-to-earnings ratio of -125.91 and a beta of 0.73. The company has a current ratio of 0.44, a quick ratio of 0.39 and a debt-to-equity ratio of 0.06. Osisko Gold Royalties has a fifty-two week low of $10.64 and a fifty-two week high of $15.12. The business has a 50 day simple moving average of $13.21.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 14th. Investors of record on Thursday, March 31st were issued a $0.043 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.17 annualized dividend and a dividend yield of 1.24%. Osisko Gold Royalties’s payout ratio is currently -154.55%.

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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