Royal Bank of Canada Lowers Osisko Gold Royalties (NYSE:OR) Price Target to $23.00

Osisko Gold Royalties (NYSE:OR - Free Report) had its price objective lowered by Royal Bank of Canada from $24.00 to $23.00 in a research note released on Friday,Benzinga reports. Royal Bank of Canada currently has an outperform rating on the basic materials company's stock.

Separately, Scotiabank decreased their price target on shares of Osisko Gold Royalties from $31.00 to $22.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Osisko Gold Royalties presently has a consensus rating of "Moderate Buy" and an average target price of $22.33.

Osisko Gold Royalties Trading Up 6.1 %

NYSE OR traded up $1.18 on Friday, hitting $20.42. 682,882 shares of the company were exchanged, compared to its average volume of 693,233. Osisko Gold Royalties has a twelve month low of $15.12 and a twelve month high of $21.42. The company's 50 day moving average price is $19.54 and its 200-day moving average price is $19.31. The firm has a market capitalization of $3.81 billion, a P/E ratio of 227.10 and a beta of 0.88. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.40.

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Osisko Gold Royalties (NYSE:OR - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, beating the consensus estimate of $0.14 by $0.02. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. The business had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. Analysts predict that Osisko Gold Royalties will post 0.62 earnings per share for the current fiscal year.

Osisko Gold Royalties Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.0457 dividend. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, March 31st. Osisko Gold Royalties's payout ratio is 200.00%.

Institutional Investors Weigh In On Osisko Gold Royalties

Several hedge funds have recently modified their holdings of OR. SBI Securities Co. Ltd. bought a new stake in Osisko Gold Royalties in the 4th quarter valued at $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Osisko Gold Royalties in the fourth quarter valued at about $72,000. Northwest & Ethical Investments L.P. grew its position in Osisko Gold Royalties by 11.0% during the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company's stock worth $114,000 after buying an additional 626 shares in the last quarter. Employees Retirement System of Texas bought a new position in Osisko Gold Royalties during the fourth quarter valued at about $131,000. Finally, Franklin Resources Inc. increased its stake in Osisko Gold Royalties by 4.5% during the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company's stock valued at $222,000 after acquiring an additional 534 shares during the period. 68.52% of the stock is owned by institutional investors.

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.