Osisko Gold Royalties (NYSE:OR) Upgraded at Scotiabank

Osisko Gold Royalties (NYSE:OR) was upgraded by Scotiabank from a “sector perform” rating to a “sector outperform” rating in a note issued to investors on Monday, MarketBeat.com reports. The brokerage presently has a $24.00 price target on the basic materials company’s stock, up from their prior price target of $22.00. Scotiabank’s price target points to a potential upside of 7.39% from the company’s current price.

A number of other equities research analysts have also recently weighed in on OR. Royal Bank of Canada reduced their price target on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an “outperform” rating for the company in a research report on Friday, April 4th. National Bankshares reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Finally, Raymond James reaffirmed an “outperform” rating on shares of Osisko Gold Royalties in a report on Friday, April 4th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $23.00.

Osisko Gold Royalties Stock Up 2.5 %

Shares of NYSE OR opened at $22.35 on Monday. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market cap of $4.17 billion, a P/E ratio of 248.32 and a beta of 0.88. The business’s fifty day simple moving average is $19.74 and its 200-day simple moving average is $19.39. Osisko Gold Royalties has a 12-month low of $15.12 and a 12-month high of $22.89.

Osisko Gold Royalties (NYSE:OR) last announced its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. As a group, equities analysts predict that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Institutional Trading of Osisko Gold Royalties

Several institutional investors and hedge funds have recently modified their holdings of OR. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Osisko Gold Royalties in the 4th quarter valued at about $60,364,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Osisko Gold Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock valued at $74,160,000 after buying an additional 3,194,173 shares during the period. Tidal Investments LLC acquired a new stake in Osisko Gold Royalties during the fourth quarter worth about $34,209,000. FMR LLC increased its position in Osisko Gold Royalties by 25.2% during the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock worth $101,659,000 after purchasing an additional 1,128,969 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at $11,683,000. Hedge funds and other institutional investors own 68.52% of the company’s stock.

Osisko Gold Royalties Company Profile

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.