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.
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.
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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.
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