Osisko Gold Royalties Ltd (NYSE:OR) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Osisko Gold Royalties Ltd (NYSE:OR) have earned a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $22.60.

A number of equities analysts recently commented on OR shares. TD Securities dropped their price target on Osisko Gold Royalties from C$20.00 to C$19.00 and set a “buy” rating for the company in a research note on Wednesday, August 11th. Zacks Investment Research raised Osisko Gold Royalties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 19th. Raymond James lowered their price objective on Osisko Gold Royalties from C$22.00 to C$21.50 and set an “outperform” rating for the company in a research note on Wednesday, October 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Osisko Gold Royalties in a research note on Tuesday, October 26th.

Shares of NYSE OR traded down $0.06 during mid-day trading on Friday, reaching $12.64. The company’s stock had a trading volume of 485,918 shares, compared to its average volume of 708,482. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 1,265.27, a PEG ratio of 1.20 and a beta of 0.72. The company has a quick ratio of 4.06, a current ratio of 2.64 and a debt-to-equity ratio of 0.22. The firm’s fifty day simple moving average is $12.18. Osisko Gold Royalties has a 52 week low of $9.77 and a 52 week high of $15.12.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 14th. Shareholders of record on Friday, December 31st will be issued a dividend of $0.0441 per share. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.04. This represents a $0.18 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, December 30th. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 1,701.70%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in Osisko Gold Royalties by 0.5% during the 3rd quarter. Van ECK Associates Corp now owns 15,230,193 shares of the basic materials company’s stock worth $171,034,000 after purchasing an additional 79,733 shares during the period. Millennium Management LLC increased its holdings in shares of Osisko Gold Royalties by 126.0% in the 1st quarter. Millennium Management LLC now owns 5,098,810 shares of the basic materials company’s stock valued at $56,189,000 after acquiring an additional 2,843,096 shares during the period. Vanguard Group Inc. increased its holdings in shares of Osisko Gold Royalties by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 4,900,491 shares of the basic materials company’s stock valued at $67,136,000 after acquiring an additional 138,081 shares during the period. FMR LLC increased its holdings in shares of Osisko Gold Royalties by 32.9% in the 2nd quarter. FMR LLC now owns 3,323,032 shares of the basic materials company’s stock valued at $45,545,000 after acquiring an additional 823,032 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Osisko Gold Royalties by 12.4% in the 2nd quarter. Invesco Ltd. now owns 2,413,604 shares of the basic materials company’s stock valued at $33,066,000 after acquiring an additional 266,876 shares during the period. Institutional investors own 51.47% of the company’s stock.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd. operates as an intermediate metal company, which engages in mining and exploration. Its assets portfolio includes Malartic, Windfall and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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Analyst Recommendations for Osisko Gold Royalties (NYSE:OR)

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