Raymond James Reiterates “Average” Rating for Osisko gold royalties (NYSE:OR)

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Raymond James reiterated their average rating on shares of Osisko gold royalties (NYSE:OR) in a research report released on Friday, AnalystRatings.com reports. Raymond James currently has a $17.50 price objective on the basic materials company’s stock. Raymond James also issued estimates for Osisko gold royalties’ Q3 2019 earnings at $0.03 EPS and FY2019 earnings at $0.14 EPS.

A number of other equities analysts also recently issued reports on the stock. National Bank Financial downgraded shares of Osisko gold royalties from an outperform overweight rating to a sector perform overweight rating in a report on Wednesday, May 1st. BMO Capital Markets upgraded shares of Osisko gold royalties from a market perform rating to an outperform rating in a research note on Monday, April 29th. ValuEngine upgraded shares of Osisko gold royalties from a hold rating to a buy rating in a research note on Saturday, June 1st. Desjardins cut shares of Osisko gold royalties from a buy rating to a hold rating in a research note on Friday, April 12th. Finally, Zacks Investment Research upgraded shares of Osisko gold royalties from a sell rating to a hold rating in a research note on Wednesday, July 17th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $16.38.

Shares of NYSE OR opened at $13.25 on Friday. The company’s 50-day moving average is $11.14. The company has a debt-to-equity ratio of 0.22, a quick ratio of 5.84 and a current ratio of 1.96. The stock has a market cap of $1.79 billion, a P/E ratio of 88.33, a PEG ratio of 5.39 and a beta of 0.01. Osisko gold royalties has a 52-week low of $7.00 and a 52-week high of $13.43.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid 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 dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, September 27th. Osisko gold royalties’s payout ratio is currently 100.00%.

Several institutional investors and hedge funds have recently modified their holdings of OR. Advisor Group Inc. raised its holdings in Osisko gold royalties by 40.9% in the second quarter. Advisor Group Inc. now owns 6,986 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 2,028 shares in the last quarter. Squarepoint Ops LLC acquired a new position in shares of Osisko gold royalties during the fourth quarter valued at about $96,000. Geode Capital Management LLC acquired a new position in shares of Osisko gold royalties during the fourth quarter valued at about $154,000. Bank of New York Mellon Corp increased 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 in the last quarter. Finally, Cidel Asset Management Inc. acquired a new position in shares of Osisko gold royalties during the first quarter valued at about $215,000. 49.25% of the stock is owned by hedge funds and other 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.

Further Reading: Fundamental Analysis

Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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