Zacks Investment Research Downgrades Osisko Gold Royalties (OR) to Sell

Osisko Gold Royalties (NYSE:OR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday.

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. “

Other equities research analysts have also issued research reports about the company. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research note on Monday, December 11th. Scotiabank reaffirmed a “buy” rating and set a $20.00 price target on shares of Osisko Gold Royalties in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Osisko Gold Royalties presently has an average rating of “Buy” and a consensus target price of $18.25.

Shares of Osisko Gold Royalties (NYSE:OR) opened at $10.57 on Tuesday. The stock has a market capitalization of $1,735.12, a price-to-earnings ratio of 49.95 and a beta of -0.40. Osisko Gold Royalties has a 52 week low of $10.02 and a 52 week high of $14.39. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.80 and a current ratio of 6.18.

Osisko Gold Royalties (NYSE:OR) last issued its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.03). Osisko Gold Royalties had a return on equity of 2.04% and a net margin of 25.47%. equities analysts expect that Osisko Gold Royalties will post 0.19 EPS for the current fiscal year.

Hedge funds have recently modified their holdings of the business. Virtu Financial LLC bought a new stake in Osisko Gold Royalties during the third quarter worth about $145,000. Legal & General Group Plc lifted its stake in Osisko Gold Royalties by 5.6% during the second quarter. Legal & General Group Plc now owns 12,979 shares of the basic materials company’s stock worth $158,000 after purchasing an additional 693 shares during the last quarter. Wolverine Trading LLC bought a new stake in Osisko Gold Royalties during the third quarter worth about $292,000. Stifel Financial Corp lifted its stake in Osisko Gold Royalties by 34.0% during the second quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock worth $312,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Bank of Nova Scotia lifted its stake in Osisko Gold Royalties by 105.2% during the second quarter. Bank of Nova Scotia now owns 29,593 shares of the basic materials company’s stock worth $362,000 after purchasing an additional 15,169 shares during the last quarter. 44.23% of the stock is owned by hedge funds and other institutional investors.

WARNING: “Zacks Investment Research Downgrades Osisko Gold Royalties (OR) to Sell” was originally published by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and international copyright law. The original version of this report can be accessed at https://www.com-unik.info/2018/02/08/zacks-investment-research-downgrades-osisko-gold-royalties-or-to-sell.html.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.

Get a free copy of the Zacks research report on Osisko Gold Royalties (OR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Osisko Gold Royalties (NYSE:OR)

Receive News & Ratings for Osisko Gold Royalties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko Gold Royalties and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit