Osisko Gold Royalties Ltd (NYSE:OR)‘s stock had its “outperform” rating restated by research analysts at Royal Bank Of Canada in a research note issued on Thursday.

Several other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Raymond James Financial, Inc. began coverage on shares of Osisko Gold Royalties in a report on Thursday, June 15th. They set an “outperform” rating and a $20.00 price objective for the company. Finally, TD Securities lowered shares of Osisko Gold Royalties to a “hold” rating and set a $19.00 price objective for the company. in a report on Tuesday, June 6th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $17.67.

Shares of Osisko Gold Royalties (NYSE:OR) traded up 1.84% during trading on Thursday, reaching $14.37. The company had a trading volume of 696,416 shares. The company has a market cap of $2.26 billion, a P/E ratio of 46.96 and a beta of 0.26. Osisko Gold Royalties has a 12-month low of $8.88 and a 12-month high of $14.39. The firm has a 50-day moving average of $12.92 and a 200-day moving average of $11.76.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in shares of Osisko Gold Royalties by 16.4% in the second quarter. Russell Investments Group Ltd. now owns 289,444 shares of the basic materials company’s stock valued at $3,532,000 after purchasing an additional 40,675 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Osisko Gold Royalties by 5.6% in the first quarter. Vanguard Group Inc. now owns 2,052,198 shares of the basic materials company’s stock valued at $22,779,000 after purchasing an additional 108,568 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Osisko Gold Royalties by 9.6% in the first quarter. Goldman Sachs Group Inc. now owns 587,668 shares of the basic materials company’s stock valued at $6,523,000 after purchasing an additional 51,663 shares in the last quarter. Morgan Stanley increased its holdings in shares of Osisko Gold Royalties by 128.0% in the first quarter. Morgan Stanley now owns 387,548 shares of the basic materials company’s stock valued at $4,302,000 after purchasing an additional 217,566 shares in the last quarter. Finally, TD Asset Management Inc. increased its holdings in shares of Osisko Gold Royalties by 139.9% in the second quarter. TD Asset Management Inc. now owns 1,265,774 shares of the basic materials company’s stock valued at $15,448,000 after purchasing an additional 738,236 shares in the last quarter. 39.11% of the stock is owned by institutional investors.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.

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