Osisko Gold Royalties (NYSE:OR) Downgraded by TD Cowen to "Hold"

Osisko Gold Royalties (NYSE:OR - Get Free Report) was downgraded by stock analysts at TD Cowen from a "buy" rating to a "hold" rating in a research report issued on Monday, Marketbeat.com reports.

A number of other equities research analysts also recently commented on the company. TD Securities upgraded Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Jefferies Financial Group upped their price target on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada reduced their price objective on shares of Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating on the stock in a research note on Tuesday, September 10th.

Osisko Gold Royalties Trading Down 7.1 %

Osisko Gold Royalties stock traded down $1.44 during mid-day trading on Monday, hitting $18.80. The stock had a trading volume of 548,286 shares, compared to its average volume of 730,479. The stock has a market capitalization of $3.51 billion, a PE ratio of -89.19 and a beta of 1.03. Osisko Gold Royalties has a 12 month low of $11.89 and a 12 month high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.92 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $19.02 and a two-hundred day simple moving average of $17.47.

Institutional Investors Weigh In On Osisko Gold Royalties

Several large investors have recently made changes to their positions in the stock. EdgePoint Investment Group Inc. grew its stake in shares of Osisko Gold Royalties by 2.1% during the 1st quarter. EdgePoint Investment Group Inc. now owns 24,728,134 shares of the basic materials company's stock worth $406,002,000 after acquiring an additional 501,485 shares in the last quarter. Vanguard Group Inc. increased its stake in Osisko Gold Royalties by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 6,796,280 shares of the basic materials company's stock valued at $111,595,000 after buying an additional 60,083 shares during the last quarter. Price T Rowe Associates Inc. MD bought a new stake in Osisko Gold Royalties during the 1st quarter worth about $109,825,000. Millennium Management LLC boosted its stake in shares of Osisko Gold Royalties by 20.5% during the 2nd quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company's stock worth $102,631,000 after buying an additional 1,122,653 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of Osisko Gold Royalties by 5.5% during the 2nd quarter. CIBC Asset Management Inc now owns 2,644,479 shares of the basic materials company's stock worth $41,186,000 after buying an additional 136,705 shares during the last quarter. 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.