Zacks Investment Research lowered shares of Osisko gold royalties (NYSE:OR) from a buy rating to a hold rating in a report published on Friday.
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. “
OR has been the topic of several other reports. Raymond James reaffirmed a buy rating and set a $16.50 target price on shares of Osisko gold royalties in a report on Monday, December 3rd. ValuEngine lowered Osisko gold royalties from a buy rating to a hold rating in a report on Wednesday, January 2nd. TheStreet lowered Osisko gold royalties from a c- rating to a d+ rating in a report on Monday, November 12th. TD Securities reissued a buy rating on shares of Osisko gold royalties in a report on Thursday, November 8th. Finally, Royal Bank of Canada reissued a buy rating on shares of Osisko gold royalties in a report on Friday, November 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $12.75.
OR opened at $8.99 on Friday. Osisko gold royalties has a fifty-two week low of $7.00 and a fifty-two week high of $12.10. The stock has a market cap of $1.43 billion, a P/E ratio of 64.21, a P/E/G ratio of 13.60 and a beta of -0.67. The company has a debt-to-equity ratio of 0.22, a current ratio of 12.70 and a quick ratio of 12.46.
Osisko gold royalties (NYSE:OR) last posted its earnings results on Tuesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.01 by $0.02. The firm had revenue of $85.47 million for the quarter. Osisko gold royalties had a positive return on equity of 1.03% and a negative net margin of 11.71%. Analysts predict that Osisko gold royalties will post 0.08 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.038 dividend. This represents a $0.15 annualized dividend and a yield of 1.69%. The ex-dividend date is Friday, December 28th. Osisko gold royalties’s payout ratio is currently 107.14%.
A number of institutional investors and hedge funds have recently modified their holdings of OR. Russell Investments Group Ltd. grew its holdings in Osisko gold royalties by 22.6% in the second quarter. Russell Investments Group Ltd. now owns 288,920 shares of the basic materials company’s stock valued at $2,712,000 after purchasing an additional 53,216 shares during the period. BlackRock Inc. lifted its position in shares of Osisko gold royalties by 132.7% in the second quarter. BlackRock Inc. now owns 26,580 shares of the basic materials company’s stock valued at $252,000 after acquiring an additional 15,159 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Osisko gold royalties by 53.4% in the second quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 7,698 shares in the last quarter. Citadel Advisors LLC lifted its position in shares of Osisko gold royalties by 116.4% in the second quarter. Citadel Advisors LLC now owns 85,054 shares of the basic materials company’s stock valued at $805,000 after acquiring an additional 45,754 shares in the last quarter. Finally, Baird Financial Group Inc. lifted its position in shares of Osisko gold royalties by 15.1% in the second quarter. Baird Financial Group Inc. now owns 146,872 shares of the basic materials company’s stock valued at $1,391,000 after acquiring an additional 19,317 shares in the last quarter. 49.98% of the stock is currently owned by institutional investors.
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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.
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