Osisko Gold Royalties (NYSE:OR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.
According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “
Several other brokerages have also recently weighed in on OR. Scotiabank reaffirmed a “buy” rating and set a $20.00 target price on shares of Osisko Gold Royalties in a research note on Monday, November 6th. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.25.
Osisko Gold Royalties (NYSE:OR) opened at $9.72 on Wednesday. Osisko Gold Royalties has a 52 week low of $9.51 and a 52 week high of $14.39. The firm has a market capitalization of $1,521.57, a PE ratio of -57.17 and a beta of -0.39. The company has a current ratio of 6.18, a quick ratio of 5.80 and a debt-to-equity ratio of 0.10.
Osisko Gold Royalties (NYSE:OR) last announced its earnings results on Tuesday, February 20th. The basic materials company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by ($0.02). Osisko Gold Royalties had a negative net margin of 20.24% and a positive return on equity of 1.55%. The firm had revenue of $109.60 million for the quarter, compared to the consensus estimate of $82.45 million. During the same period in the prior year, the business earned $0.07 EPS. The company’s quarterly revenue was up 700.0% compared to the same quarter last year. equities analysts forecast that Osisko Gold Royalties will post 0.21 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Commerzbank Aktiengesellschaft FI boosted its position in shares of Osisko Gold Royalties by 21.2% in the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 131,650 shares of the basic materials company’s stock valued at $1,522,000 after purchasing an additional 23,030 shares during the period. Wolverine Trading LLC acquired a new position in shares of Osisko Gold Royalties in the 3rd quarter valued at $292,000. Cipher Capital LP boosted its position in shares of Osisko Gold Royalties by 51.0% in the 3rd quarter. Cipher Capital LP now owns 164,887 shares of the basic materials company’s stock valued at $2,128,000 after purchasing an additional 55,726 shares during the period. Hexavest Inc. boosted its position in shares of Osisko Gold Royalties by 36.1% in the 4th quarter. Hexavest Inc. now owns 125,294 shares of the basic materials company’s stock valued at $1,452,000 after purchasing an additional 33,257 shares during the period. Finally, Vanguard Group Inc. boosted its position in shares of Osisko Gold Royalties by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 2,187,359 shares of the basic materials company’s stock valued at $26,729,000 after purchasing an additional 135,161 shares during the period. Institutional investors and hedge funds own 47.68% of the company’s stock.
Osisko Gold Royalties Company Profile
Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.
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