Osisko gold royalties (NYSE:OR) Upgraded by Zacks Investment Research to Hold

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Osisko gold royalties (NYSE:OR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday, Zacks.com reports.

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 subject of several other reports. National Bank Financial lowered Calfrac Well Services from an “outperform market weight” rating to a “sector perform overweight” rating in a research note on Wednesday, May 1st. TD Securities reduced their price target on TRANSAT AT from C$15.00 to C$11.00 and set a “hold” rating for the company in a report on Friday, May 3rd. ValuEngine downgraded Zuora from a “buy” rating to a “hold” rating in a report on Saturday, June 1st. Desjardins cut Canadian Pacific Railway from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Finally, BMO Capital Markets lifted their price target on Discover Financial Services to $92.00 and gave the company a “market perform” rating in a research report on Monday, April 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Osisko gold royalties currently has a consensus rating of “Buy” and an average price target of $16.13.

Shares of OR stock opened at $11.53 on Wednesday. The company has a fifty day moving average price of $10.58. The company has a quick ratio of 5.84, a current ratio of 5.84 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 78.57, a P/E/G ratio of 5.02 and a beta of 0.01. Osisko gold royalties has a fifty-two week low of $7.00 and a fifty-two week high of $12.08.

Osisko gold royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.03. The business had revenue of $75.49 million during the quarter, compared to analysts’ expectations of $91.96 million. Osisko gold royalties had a positive return on equity of 1.55% and a negative net margin of 28.58%. As a group, equities research analysts predict that Osisko gold royalties will post 0.11 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Squarepoint Ops LLC acquired a new position in shares of Osisko gold royalties in the 4th quarter worth approximately $96,000. Geode Capital Management LLC bought a new position in Osisko gold royalties in the 4th quarter worth approximately $154,000. Bank of New York Mellon Corp raised its position in shares of Osisko gold royalties by 9.1% during the 4th 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 last quarter. Cidel Asset Management Inc. bought a new stake in shares of Osisko gold royalties during the 1st quarter valued at $215,000. Finally, Great West Life Assurance Co. Can increased its position in shares of Osisko gold royalties by 106.7% in the 4th quarter. Great West Life Assurance Co. Can now owns 42,613 shares of the basic materials company’s stock valued at $368,000 after buying an additional 21,993 shares in the last quarter. 49.28% 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; 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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