TD Securities Reiterates Buy Rating for Osisko gold royalties (OR)

Osisko gold royalties (NYSE:OR)‘s stock had its “buy” rating reiterated by analysts at TD Securities in a report issued on Thursday.

A number of other analysts have also recently weighed in on the company. Royal Bank of Canada reaffirmed a “buy” rating on shares of Osisko gold royalties in a research report on Friday, November 2nd. ValuEngine raised Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Canaccord Genuity reaffirmed a “buy” rating on shares of Osisko gold royalties in a research report on Monday, October 22nd. Zacks Investment Research raised Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Finally, TheStreet raised Osisko gold royalties from a “d” rating to a “c-” rating in a research report on Wednesday, August 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy”.

Osisko gold royalties stock opened at $7.39 on Thursday. Osisko gold royalties has a twelve month low of $7.25 and a twelve month high of $12.26. The company has a quick ratio of 7.49, a current ratio of 12.70 and a debt-to-equity ratio of 0.22. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 66.73, a P/E/G ratio of 25.07 and a beta of 0.03.

Several hedge funds have recently modified their holdings of OR. Guggenheim Capital LLC raised its stake in shares of Osisko gold royalties by 4.7% during the 1st quarter. Guggenheim Capital LLC now owns 160,957 shares of the basic materials company’s stock worth $1,556,000 after buying an additional 7,167 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Osisko gold royalties during the 1st quarter worth approximately $576,000. Legal & General Group Plc raised its stake in shares of Osisko gold royalties by 53.7% during the 1st quarter. Legal & General Group Plc now owns 40,190 shares of the basic materials company’s stock worth $388,000 after buying an additional 14,038 shares in the last quarter. Royal Bank of Canada raised its stake in shares of Osisko gold royalties by 54.6% during the 1st quarter. Royal Bank of Canada now owns 71,682 shares of the basic materials company’s stock worth $694,000 after buying an additional 25,322 shares in the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Osisko gold royalties during the 2nd quarter worth approximately $214,000. 48.06% of the stock is owned by institutional investors and hedge funds.

About Osisko gold royalties

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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