Osisko Gold Royalties (NYSE:OR) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Osisko Gold Royalties (NYSE:OR) from a hold rating to a buy rating in a research report report published on Wednesday, Zacks.com reports. They currently have $13.00 price target on the basic materials company’s stock.

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. “

Several other brokerages also recently weighed in on OR. BMO Capital Markets lowered their price objective on Osisko Gold Royalties from C$23.00 to C$22.50 and set a market perform rating for the company in a research report on Wednesday, December 1st. Scotiabank lowered their price objective on Osisko Gold Royalties from C$27.50 to C$25.00 in a research report on Tuesday. Finally, Raymond James decreased their target price on Osisko Gold Royalties from C$22.00 to C$21.50 and set an outperform rating for the company in a report on Wednesday, October 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, Osisko Gold Royalties has an average rating of Buy and a consensus target price of $20.86.

Shares of OR stock opened at $11.66 on Wednesday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 2.38 and a current ratio of 2.64. Osisko Gold Royalties has a fifty-two week low of $9.77 and a fifty-two week high of $15.12. The stock has a 50 day moving average price of $12.13 and a two-hundred day moving average price of $12.40. The company has a market capitalization of $1.94 billion, a P/E ratio of 1,167.17, a PEG ratio of 0.77 and a beta of 0.73.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Tuesday, November 9th. The basic materials company reported $0.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.01. Osisko Gold Royalties had a return on equity of 3.75% and a net margin of 0.69%. The firm had revenue of $39.74 million during the quarter. As a group, equities analysts predict that Osisko Gold Royalties will post 0.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were issued a dividend of $0.0441 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, December 30th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. Osisko Gold Royalties’s dividend payout ratio is currently 1,701.70%.

Hedge funds have recently modified their holdings of the stock. Solstein Capital LLC purchased a new stake in Osisko Gold Royalties in the third quarter worth $773,000. BNP Paribas Arbitrage SA purchased a new stake in Osisko Gold Royalties in the second quarter worth $77,000. SG Americas Securities LLC purchased a new stake in Osisko Gold Royalties in the second quarter worth $112,000. US Bancorp DE grew its stake in shares of Osisko Gold Royalties by 9.2% in the second quarter. US Bancorp DE now owns 9,463 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 800 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of Osisko Gold Royalties by 47.6% in the second quarter. Steward Partners Investment Advisory LLC now owns 10,563 shares of the basic materials company’s stock worth $145,000 after acquiring an additional 3,406 shares during the last quarter. 51.55% of the stock is currently owned by institutional investors.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd. operates as an intermediate metal company, which engages in mining and exploration. Its assets portfolio includes Malartic, Windfall and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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