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

ValuEngine lowered shares of Osisko gold royalties (NYSE:OR) from a sell rating to a strong sell rating in a research report report published on Friday morning, ValuEngine reports.

OR has been the topic of a number of other research reports. Royal Bank of Canada lowered Osisko gold royalties from an outperform rating to a sector perform rating and dropped their target price for the company from $19.00 to $16.00 in a report on Tuesday, September 24th. TD Securities dropped their price objective 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. Canaccord Genuity reaffirmed a buy rating on shares of Osisko gold royalties in a report on Friday, August 23rd. Raymond James set a $18.00 price objective on Osisko gold royalties and gave the stock a buy rating in a report on Tuesday, September 24th. Finally, CIBC lowered Osisko gold royalties from an outperform rating to a neutral rating and dropped their price objective for the stock from $18.50 to $15.25 in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. Osisko gold royalties has an average rating of Hold and an average price target of $15.54.

Shares of NYSE:OR traded up $0.04 during trading on Friday, reaching $8.50. The company had a trading volume of 918,063 shares, compared to its average volume of 711,661. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 56.67, a price-to-earnings-growth ratio of 1.87 and a beta of -0.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.96 and a quick ratio of 1.96. The stock’s fifty day moving average price is $9.70 and its 200 day moving average price is $10.84. Osisko gold royalties has a fifty-two week low of $7.00 and a fifty-two week high of $13.43.

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

A number of institutional investors and hedge funds have recently bought and sold shares of OR. Advisor Group Inc. lifted its position in shares of Osisko gold royalties by 40.9% in the second 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 in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Osisko gold royalties by 282.8% in the third quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 9,410 shares in the last quarter. Winmill & CO. Inc. purchased a new stake in shares of Osisko gold royalties in the third quarter valued at $163,000. Cidel Asset Management Inc. lifted its position in shares of Osisko gold royalties by 12.6% in the second quarter. Cidel Asset Management Inc. now owns 21,552 shares of the basic materials company’s stock valued at $225,000 after acquiring an additional 2,409 shares in the last quarter. Finally, A.R.T. Advisors LLC lifted its position in shares of Osisko gold royalties by 4.5% in the second 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 in the last quarter. Institutional investors own 52.86% of the company’s stock.

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: Market Perform

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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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