Osisko Gold Royalties (NYSE:OR) Downgraded by TheStreet to D+

Osisko Gold Royalties (NYSE:ORGet Rating) was downgraded by analysts at TheStreet from a “c-” rating to a “d+” rating in a report issued on Tuesday, TheStreetRatingsTable reports.

Several other research analysts have also weighed in on OR. Stifel Nicolaus lowered their price objective on shares of Osisko Gold Royalties from C$23.00 to C$22.00 in a research note on Friday, May 27th. Zacks Investment Research upgraded shares of Osisko Gold Royalties from a “sell” rating to a “hold” rating in a research note on Thursday, May 19th. BMO Capital Markets lowered their price objective on shares of Osisko Gold Royalties from C$20.00 to C$19.00 in a research note on Friday, February 25th. TD Securities lifted their target price on shares of Osisko Gold Royalties from C$21.00 to C$23.00 in a report on Wednesday, April 6th. Finally, Raymond James reduced their target price on shares of Osisko Gold Royalties from C$23.00 to C$22.75 in a report on Friday, May 13th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $21.03.

Shares of OR stock opened at $11.42 on Tuesday. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt-to-equity ratio of 0.06. Osisko Gold Royalties has a 1 year low of $10.18 and a 1 year high of $15.12. The firm’s fifty day moving average price is $12.50 and its two-hundred day moving average price is $12.34. The firm has a market capitalization of $2.11 billion, a P/E ratio of -71.38 and a beta of 0.74.

Hedge funds and other institutional investors have recently made changes to their positions in the business. FCA Corp TX increased its position in shares of Osisko Gold Royalties by 7.1% during the third quarter. FCA Corp TX now owns 40,389 shares of the basic materials company’s stock worth $453,000 after buying an additional 2,676 shares during the period. American Century Companies Inc. acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth $154,000. Gabelli Funds LLC increased its position in shares of Osisko Gold Royalties by 160.7% during the fourth quarter. Gabelli Funds LLC now owns 599,700 shares of the basic materials company’s stock worth $7,346,000 after buying an additional 369,700 shares during the period. Goldman Sachs Group Inc. boosted its stake in Osisko Gold Royalties by 377.7% during the third quarter. Goldman Sachs Group Inc. now owns 229,269 shares of the basic materials company’s stock worth $2,574,000 after acquiring an additional 181,278 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Osisko Gold Royalties by 7.7% during the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 265,199 shares of the basic materials company’s stock worth $2,976,000 after acquiring an additional 19,021 shares in the last quarter. Hedge funds and other institutional investors own 66.21% of the company’s stock.

Osisko Gold Royalties Company Profile (Get Rating)

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and offtake and other interests in Canada and internationally. It also owns options on royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company's primary asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.

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