ValuEngine Downgrades Osisko gold royalties (NYSE:OR) to Strong Sell

ValuEngine cut shares of Osisko gold royalties (NYSE:OR) from a sell rating to a strong sell rating in a research note issued to investors on Friday, ValuEngine reports.

A number of other research analysts also recently commented on OR. Raymond James set a $18.00 target price on Osisko gold royalties and gave the stock a buy rating in a report on Tuesday, September 24th. TD Securities reduced their target price on Osisko gold royalties from $16.50 to $15.50 and set a hold rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada downgraded Osisko gold royalties from an outperform rating to a sector perform rating and cut their price target for the stock from $19.00 to $16.00 in a report on Tuesday, September 24th. Canaccord Genuity reissued a buy rating on shares of Osisko gold royalties in a report on Friday, August 23rd. Finally, Zacks Investment Research raised Osisko gold royalties from a hold rating to a buy rating and set a $11.00 price target on the stock in a report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $15.54.

NYSE:OR traded up $0.04 during trading hours on Friday, reaching $8.50. 918,063 shares of the stock were exchanged, compared to its average volume of 711,661. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $9.70 and a 200-day simple moving average of $10.84. Osisko gold royalties has a 52 week low of $7.00 and a 52 week high of $13.43. The stock has a market capitalization of $1.33 billion, a P/E ratio of 56.67, a P/E/G ratio of 1.87 and a beta of -0.07.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Monday, December 30th. Osisko gold royalties’s dividend payout ratio (DPR) is 100.00%.

Several hedge funds and other institutional investors have recently made changes to their positions in OR. A.R.T. Advisors LLC increased its position in Osisko gold royalties by 4.5% in the 2nd quarter. A.R.T. Advisors LLC now owns 41,564 shares of the basic materials company’s stock valued at $434,000 after acquiring an additional 1,800 shares during the period. Advisor Group Inc. increased its position in Osisko gold royalties by 40.9% in the 2nd quarter. Advisor Group Inc. now owns 6,986 shares of the basic materials company’s stock valued at $73,000 after acquiring an additional 2,028 shares during the period. Cidel Asset Management Inc. increased its position in shares of Osisko gold royalties by 12.6% during the 2nd quarter. Cidel Asset Management Inc. now owns 21,552 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 2,409 shares during the period. Bard Associates Inc. increased its position in shares of Osisko gold royalties by 1.4% during the 2nd quarter. Bard Associates Inc. now owns 192,795 shares of the basic materials company’s stock valued at $2,013,000 after purchasing an additional 2,750 shares during the period. Finally, Tower Research Capital LLC TRC increased its position in shares of Osisko gold royalties by 282.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 9,410 shares during the period. 52.86% of the stock is currently owned by institutional investors and hedge funds.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

Further Reading: Hold Rating

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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