Osisko Gold Royalties (OR) Upgraded by Zacks Investment Research to Hold

Osisko Gold Royalties (NYSE:OR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “

A number of other brokerages have also issued reports on OR. Scotiabank reiterated a “buy” rating and set a $20.00 target price on shares of Osisko Gold Royalties in a research report on Monday, November 6th. Desjardins reiterated a “buy” rating on shares of Osisko Gold Royalties in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $18.25.

Osisko Gold Royalties (NYSE OR) opened at $10.61 on Tuesday. Osisko Gold Royalties has a 52-week low of $10.02 and a 52-week high of $14.39. The stock has a market capitalization of $1,618.92, a P/E ratio of 51.55 and a beta of -0.40. The company has a debt-to-equity ratio of 0.10, a quick ratio of 5.80 and a current ratio of 6.18.

A number of hedge funds and other institutional investors have recently bought and sold shares of OR. Bank of New York Mellon Corp raised its stake in Osisko Gold Royalties by 13.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 34,432 shares of the basic materials company’s stock valued at $421,000 after purchasing an additional 4,033 shares during the last quarter. Vanguard Group Inc. raised its stake in Osisko Gold Royalties by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,187,359 shares of the basic materials company’s stock valued at $26,729,000 after purchasing an additional 135,161 shares during the last quarter. FMR LLC raised its stake in Osisko Gold Royalties by 8.7% in the 2nd quarter. FMR LLC now owns 1,234,593 shares of the basic materials company’s stock valued at $15,090,000 after purchasing an additional 98,600 shares during the last quarter. Stifel Financial Corp raised its stake in Osisko Gold Royalties by 34.0% in the 2nd quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock valued at $312,000 after purchasing an additional 6,500 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Osisko Gold Royalties by 49.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 877,197 shares of the basic materials company’s stock valued at $10,719,000 after purchasing an additional 289,529 shares during the last quarter. 43.88% of the stock is owned by hedge funds and other institutional investors.

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Osisko Gold Royalties Company Profile

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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Analyst Recommendations for Osisko Gold Royalties (NYSE:OR)

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