Osisko Gold Royalties (NYSE:OR) Raised to Buy at Wall Street Zen

Osisko Gold Royalties (NYSE:OR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

Several other equities analysts have also issued reports on the company. National Bankshares reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Wednesday, April 23rd. Raymond James reiterated an “outperform” rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Scotiabank upgraded Osisko Gold Royalties from a “sector perform” rating to a “sector outperform” rating and lifted their target price for the company from $22.00 to $24.00 in a research note on Monday, April 14th. Finally, Royal Bank of Canada cut their target price on Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating on the stock in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.00.

Osisko Gold Royalties Stock Performance

Shares of Osisko Gold Royalties stock opened at $26.83 on Friday. The firm has a market cap of $5.02 billion, a P/E ratio of 298.07 and a beta of 0.76. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 12 month low of $15.12 and a 12 month high of $27.60. The stock’s fifty day moving average price is $24.06 and its 200-day moving average price is $20.86.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.03. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $54.92 million for the quarter, compared to analyst estimates of $79.63 million. On average, equities research analysts expect that Osisko Gold Royalties will post 0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of large investors have recently modified their holdings of OR. Anson Funds Management LP acquired a new stake in shares of Osisko Gold Royalties during the first quarter worth about $1,657,000. Plato Investment Management Ltd purchased a new stake in shares of Osisko Gold Royalties in the first quarter valued at approximately $56,000. Goldman Sachs Group Inc. increased its position in shares of Osisko Gold Royalties by 152.4% in the first quarter. Goldman Sachs Group Inc. now owns 1,256,583 shares of the basic materials company’s stock valued at $26,539,000 after buying an additional 758,815 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Osisko Gold Royalties by 13.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 3,770,679 shares of the basic materials company’s stock valued at $79,566,000 after buying an additional 435,467 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its position in shares of Osisko Gold Royalties by 16.8% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 104,001 shares of the basic materials company’s stock valued at $2,199,000 after buying an additional 14,981 shares in the last quarter. Hedge funds and other institutional investors own 68.52% of the company’s stock.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.