TD Securities lowered shares of Osisko gold royalties (TSE:OR) from a buy rating to a hold rating in a report issued on Monday, May 6th, BayStreet.CA reports. The firm currently has C$16.00 price objective on the stock, down from their previous price objective of C$17.50.
Several other equities analysts also recently issued reports on OR. National Bank Financial set a C$16.75 price objective on shares of Osisko gold royalties in a report on Thursday, April 18th. Canaccord Genuity decreased their price objective on shares of Osisko gold royalties from C$18.00 to C$17.50 in a report on Tuesday, April 23rd. Raymond James decreased their price target on shares of Osisko gold royalties from C$16.50 to C$16.00 in a research note on Friday, January 18th. CIBC raised their price target on shares of Osisko gold royalties from C$17.00 to C$18.00 in a research note on Monday, January 21st. Finally, Eight Capital raised their price target on shares of Osisko gold royalties from C$13.00 to C$13.25 in a research note on Thursday, February 21st. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of C$16.25.
TSE OR traded up C$0.48 during mid-day trading on Monday, reaching C$14.08. 329,752 shares of the stock were exchanged, compared to its average volume of 400,082. Osisko gold royalties has a 1 year low of C$9.27 and a 1 year high of C$16.08. The company has a market capitalization of $2.05 billion and a PE ratio of -16.38. The company has a debt-to-equity ratio of 19.34, a quick ratio of 5.80 and a current ratio of 5.84.
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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