Osisko gold royalties (NYSE:OR) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Osisko gold royalties (NYSE:OR) from a hold rating to a buy rating in a report issued on Tuesday, ValuEngine reports.

Other equities research analysts have also recently issued research reports about the company. Royal Bank of Canada restated a hold rating and set a $14.00 price objective on shares of Osisko gold royalties in a report on Sunday, February 9th. TheStreet cut Osisko gold royalties from a c- rating to a d rating in a report on Thursday, February 27th. Canaccord Genuity restated a buy rating and set a $17.00 price objective on shares of Osisko gold royalties in a report on Thursday, February 20th. CIBC restated a hold rating and set a $15.25 price objective on shares of Osisko gold royalties in a report on Friday, February 21st. Finally, National Bank Financial upgraded Osisko gold royalties from a sector perform rating to an outperform rating in a report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Osisko gold royalties presently has an average rating of Buy and a consensus target price of $14.63.

Osisko gold royalties stock traded down $0.77 during midday trading on Tuesday, reaching $7.33. 1,242,425 shares of the company’s stock were exchanged, compared to its average volume of 1,686,296. Osisko gold royalties has a 52 week low of $4.65 and a 52 week high of $13.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 9.27 and a current ratio of 5.03. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -6.16, a P/E/G ratio of 2.77 and a beta of 0.23. The stock’s 50-day simple moving average is $8.54 and its 200 day simple moving average is $9.32.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a dividend of $0.0378 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Monday, March 30th. Osisko gold royalties’s dividend payout ratio is presently 71.43%.

Hedge funds have recently modified their holdings of the stock. Citigroup Inc. boosted its stake in shares of Osisko gold royalties by 336.1% in the fourth quarter. Citigroup Inc. now owns 6,315 shares of the basic materials company’s stock valued at $62,000 after buying an additional 4,867 shares during the period. NumerixS Investment Technologies Inc boosted its stake in shares of Osisko gold royalties by 83.3% in the fourth quarter. NumerixS Investment Technologies Inc now owns 7,700 shares of the basic materials company’s stock valued at $75,000 after buying an additional 3,500 shares during the period. FIL Ltd bought a new stake in shares of Osisko gold royalties in the fourth quarter valued at approximately $93,000. Seelaus Asset Management LLC bought a new stake in shares of Osisko gold royalties in the fourth quarter valued at approximately $97,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Osisko gold royalties by 282.8% in the third quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock valued at $119,000 after buying an additional 9,410 shares during the period. Institutional investors and hedge funds own 56.68% 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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