Osisko gold royalties (NYSE:OR) Cut to “Strong Sell” at ValuEngine

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

OR has been the subject of several other research reports. TD Securities reduced their price target on shares of Osisko gold royalties from $16.50 to $15.50 and set a “hold” rating for the company in a report on Tuesday, September 24th. Zacks Investment Research raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a report on Saturday, September 28th. Raymond James set a $18.00 price target on shares of Osisko gold royalties and gave the company a “buy” rating in a report on Tuesday, September 24th. Canaccord Genuity reissued a “buy” rating on shares of Osisko gold royalties in a report on Friday, August 23rd. Finally, CIBC downgraded shares of Osisko gold royalties from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $18.50 to $15.25 in a report on Tuesday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $15.54.

Shares of OR traded up $0.04 during midday trading on Friday, hitting $8.50. 918,063 shares of the stock traded hands, compared to its average volume of 711,661. Osisko gold royalties has a 1-year low of $7.00 and a 1-year high of $13.43. The firm has a market capitalization of $1.33 billion, a PE ratio of 56.67, a price-to-earnings-growth ratio of 1.87 and a beta of -0.07. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.96 and a current ratio of 1.96. The business’s 50 day moving average price is $9.70 and its two-hundred day moving average price is $10.84.

A number of hedge funds have recently bought and sold shares of the stock. EdgePoint Investment Group Inc. lifted its holdings in Osisko gold royalties by 9.5% in the third quarter. EdgePoint Investment Group Inc. now owns 11,511,726 shares of the basic materials company’s stock worth $106,967,000 after purchasing an additional 995,706 shares during the period. Tower Research Capital LLC TRC lifted its holdings in Osisko gold royalties by 282.8% in the third quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 9,410 shares during the period. Russell Investments Group Ltd. lifted its holdings in Osisko gold royalties by 97.6% in the third quarter. Russell Investments Group Ltd. now owns 353,812 shares of the basic materials company’s stock worth $3,351,000 after purchasing an additional 174,796 shares during the period. Tocqueville Asset Management L.P. lifted its holdings in Osisko gold royalties by 136.0% in the third quarter. Tocqueville Asset Management L.P. now owns 8,559,606 shares of the basic materials company’s stock worth $33,729,000 after purchasing an additional 4,932,000 shares during the period. Finally, Sicart Associates LLC acquired a new stake in Osisko gold royalties in the third quarter worth about $394,000. 52.86% of the stock is owned by institutional investors and hedge funds.

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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