Osisko Gold Royalties (TSE:OR) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group cut shares of Osisko Gold Royalties (TSE:OR) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat.com reports. They currently have C$56.00 price target on the stock, up from their previous price target of C$44.00.

OR has been the topic of a number of other research reports. BMO Capital Markets boosted their target price on shares of Osisko Gold Royalties from C$31.00 to C$33.00 in a research report on Wednesday, June 4th. National Bankshares upped their price objective on shares of Osisko Gold Royalties from C$38.00 to C$40.00 and gave the stock an “outperform” rating in a report on Tuesday, June 24th. Finally, TD Securities upped their price objective on shares of Osisko Gold Royalties from C$35.00 to C$40.00 in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$41.00.

Osisko Gold Royalties Stock Down 0.6%

Osisko Gold Royalties stock opened at C$55.03 on Thursday. The company has a quick ratio of 0.98, a current ratio of 4.40 and a debt-to-equity ratio of 5.29. Osisko Gold Royalties has a 12-month low of C$24.96 and a 12-month high of C$57.15. The firm’s fifty day moving average is C$45.86 and its 200 day moving average is C$37.91. The company has a market capitalization of C$10.36 billion, a PE ratio of 131.02, a PEG ratio of 1.31 and a beta of 0.85.

About Osisko Gold Royalties

Osisko is an intermediate precious metal royalty company focused on the Americas that commenced activities in June 2014. Osisko holds a North American focused portfolio of over 175 royalties, streams and precious metal offtakes. Osisko’s portfolio is anchored by its cornerstone asset, a 5% net smelter return royalty on the Canadian Malartic mine, which is the largest gold mine in Canada.