Osisko Gold Royalties Ltd (NYSE:OR) Receives Consensus Recommendation of “Buy” from Brokerages
Shares of Osisko Gold Royalties Ltd (NYSE:OR – Get Rating) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating. The average 1 year target price among analysts that have issued a report on the stock in the last year is $22.18.
OR has been the topic of a number of recent research reports. Zacks Investment Research upgraded Osisko Gold Royalties from a “sell” rating to a “hold” rating in a research report on Thursday, May 19th. TheStreet downgraded Osisko Gold Royalties from a “c-” rating to a “d+” rating in a research report on Tuesday, May 31st. National Bank Financial upped their price objective on Osisko Gold Royalties from C$20.00 to C$22.00 in a research report on Wednesday, April 20th. Stifel Nicolaus reduced their price target on Osisko Gold Royalties from C$23.00 to C$22.00 in a report on Friday, May 27th. Finally, Scotiabank increased their price target on Osisko Gold Royalties from C$22.50 to C$24.00 in a report on Tuesday, April 19th.
Shares of OR stock opened at $11.81 on Wednesday. Osisko Gold Royalties has a 1 year low of $10.18 and a 1 year high of $15.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.20 and a current ratio of 1.25. The stock’s 50 day simple moving average is $12.40 and its two-hundred day simple moving average is $12.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.043 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.17 annualized dividend and a yield of 1.46%. Osisko Gold Royalties’s dividend payout ratio (DPR) is currently -106.25%.
A number of large investors have recently made changes to their positions in OR. Van ECK Associates Corp grew its stake in Osisko Gold Royalties by 14.3% in the first quarter. Van ECK Associates Corp now owns 15,914,698 shares of the basic materials company’s stock worth $209,910,000 after purchasing an additional 1,991,245 shares in the last quarter. Norges Bank bought a new stake in Osisko Gold Royalties during the 4th quarter valued at $20,944,000. Millennium Management LLC boosted its position in Osisko Gold Royalties by 36.2% during the 3rd quarter. Millennium Management LLC now owns 4,823,572 shares of the basic materials company’s stock valued at $54,169,000 after acquiring an additional 1,282,442 shares in the last quarter. Vanguard Group Inc. boosted its position in Osisko Gold Royalties by 13.5% during the 1st quarter. Vanguard Group Inc. now owns 6,071,149 shares of the basic materials company’s stock valued at $80,079,000 after acquiring an additional 722,515 shares in the last quarter. Finally, Morgan Stanley boosted its position in Osisko Gold Royalties by 117.2% during the 3rd quarter. Morgan Stanley now owns 996,163 shares of the basic materials company’s stock valued at $11,186,000 after acquiring an additional 537,434 shares in the last quarter. 66.21% of the stock is currently owned by institutional investors.
Osisko Gold Royalties Company Profile (Get Rating)
Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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