Osisko gold royalties (NYSE:OR) Rating Lowered to Strong Sell at ValuEngine

Osisko gold royalties (NYSE:OR) was downgraded by ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday, ValuEngine reports.

Several other equities research analysts have also recently issued reports on OR. Zacks Investment Research raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Saturday, September 28th. Royal Bank of Canada cut shares of Osisko gold royalties from an “outperform” rating to a “sector perform” rating and decreased their target price for the stock from $19.00 to $16.00 in a research report on Tuesday, September 24th. CIBC cut shares of Osisko gold royalties from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $18.50 to $15.25 in a research report on Tuesday, November 5th. Canaccord Genuity reissued a “buy” rating on shares of Osisko gold royalties in a research report on Friday, August 23rd. Finally, TD Securities decreased their target price on shares of Osisko gold royalties from $16.50 to $15.50 and set a “hold” rating on the stock in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $15.54.

Shares of OR traded up $0.04 during mid-day trading on Friday, hitting $8.50. The company had a trading volume of 918,063 shares, compared to its average volume of 711,661. The business’s 50-day simple moving average is $9.70 and its 200-day simple moving average is $10.84. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.22. Osisko gold royalties has a 1-year low of $7.00 and a 1-year high of $13.43. The stock has a market cap of $1.33 billion, a PE ratio of 56.67, a P/E/G ratio of 1.87 and a beta of -0.07.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. raised its stake in shares of Osisko gold royalties by 40.9% during the second quarter. Advisor Group Inc. now owns 6,986 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 2,028 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Osisko gold royalties by 282.8% during 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 purchasing an additional 9,410 shares during the period. Winmill & CO. Inc. purchased a new stake in shares of Osisko gold royalties during the third quarter valued at approximately $163,000. Cidel Asset Management Inc. raised its stake in shares of Osisko gold royalties by 12.6% during the second quarter. Cidel Asset Management Inc. now owns 21,552 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 2,409 shares during the period. Finally, Sicart Associates LLC purchased a new stake in shares of Osisko gold royalties during the third quarter valued at approximately $394,000. 52.86% of the stock is currently 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.

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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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