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

ValuEngine lowered shares of Osisko gold royalties (NYSE:OR) from a buy rating to a hold rating in a report released on Friday morning, ValuEngine reports.

A number of other research firms have also weighed in on OR. Zacks Investment Research upgraded Osisko gold royalties from a sell rating to a hold rating in a report on Wednesday, July 17th. Raymond James restated an average rating and issued a $17.50 target price on shares of Osisko gold royalties in a report on Friday. Desjardins lowered Osisko gold royalties from a buy rating to a hold rating in a report on Friday, April 12th. BMO Capital Markets upgraded Osisko gold royalties from a market perform rating to an outperform rating in a report on Monday, April 29th. Finally, Canaccord Genuity reiterated a buy rating on shares of Osisko gold royalties in a report on Friday, July 19th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus target price of $16.38.

Shares of OR stock traded down $0.01 during trading hours on Friday, reaching $12.09. The company had a trading volume of 900,637 shares, compared to its average volume of 769,172. Osisko gold royalties has a 12 month low of $7.00 and a 12 month high of $12.43. The company has a current ratio of 5.84, a quick ratio of 5.84 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $11.02. The company has a market capitalization of $1.75 billion, a P/E ratio of 80.60, a price-to-earnings-growth ratio of 5.26 and a beta of 0.01.

Osisko gold royalties (NYSE:OR) last posted its earnings results on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.03. Osisko gold royalties had a positive return on equity of 1.55% and a negative net margin of 28.58%. The company had revenue of $75.49 million for the quarter, compared to analyst estimates of $91.96 million. As a group, equities research analysts predict that Osisko gold royalties will post 0.12 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.038 per share. This is a positive change from Osisko gold royalties’s previous quarterly dividend of $0.04. This represents a $0.15 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date is Friday, September 27th. Osisko gold royalties’s dividend payout ratio (DPR) is 100.00%.

Institutional investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in shares of Osisko gold royalties by 9.1% during the fourth quarter. Bank of New York Mellon Corp now owns 19,090 shares of the basic materials company’s stock valued at $168,000 after acquiring an additional 1,597 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Osisko gold royalties by 106.7% during the fourth quarter. Great West Life Assurance Co. Can now owns 42,613 shares of the basic materials company’s stock valued at $368,000 after acquiring an additional 21,993 shares during the period. Geode Capital Management LLC bought a new position in shares of Osisko gold royalties during the fourth quarter valued at $154,000. Two Sigma Advisers LP lifted its holdings in shares of Osisko gold royalties by 6.9% during the fourth quarter. Two Sigma Advisers LP now owns 63,105 shares of the basic materials company’s stock valued at $554,000 after acquiring an additional 4,100 shares during the period. Finally, Squarepoint Ops LLC bought a new position in shares of Osisko gold royalties during the fourth quarter valued at $96,000. Institutional investors and hedge funds own 49.25% of the company’s stock.

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; 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.

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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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