Osisko Gold Royalties (NYSE:OR) Upgraded by Scotiabank to "Sector Outperform" Rating

Osisko Gold Royalties (NYSE:OR - Get Free Report) was upgraded by stock analysts at Scotiabank from a "sector perform" rating to a "sector outperform" rating in a report issued on Monday, Marketbeat reports. The firm currently has a $24.00 price target on the basic materials company's stock, up from their prior price target of $22.00. Scotiabank's price target would suggest a potential upside of 2.80% from the stock's previous close.

A number of other research analysts also recently commented on OR. Royal Bank of Canada cut their target price on shares of Osisko Gold Royalties from $24.00 to $23.00 and set an "outperform" rating on the stock in a research report on Friday, April 4th. National Bankshares reissued an "outperform" rating on shares of Osisko Gold Royalties in a report on Wednesday, April 2nd. Finally, Raymond James reiterated an "outperform" rating on shares of Osisko Gold Royalties in a research note on Friday, April 4th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $23.00.

Osisko Gold Royalties Stock Down 1.6 %

Shares of OR traded down $0.37 during trading hours on Monday, hitting $23.35. The company had a trading volume of 681,638 shares, compared to its average volume of 706,191. The firm has a fifty day moving average price of $20.09 and a 200-day moving average price of $19.54. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 259.40 and a beta of 0.88. Osisko Gold Royalties has a 52-week low of $15.12 and a 52-week high of $24.07. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40.

Osisko Gold Royalties (NYSE:OR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The basic materials company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. The firm had revenue of $56.74 million during the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. On average, equities research analysts forecast that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of OR. Y Intercept Hong Kong Ltd acquired a new stake in shares of Osisko Gold Royalties during the third quarter worth $319,000. Public Employees Retirement System of Ohio acquired a new position in shares of Osisko Gold Royalties during the 3rd quarter worth approximately $852,000. Barclays PLC raised its stake in Osisko Gold Royalties by 16.8% in the 3rd quarter. Barclays PLC now owns 159,408 shares of the basic materials company's stock valued at $2,951,000 after purchasing an additional 22,898 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Osisko Gold Royalties by 8.4% during the third quarter. Geode Capital Management LLC now owns 80,465 shares of the basic materials company's stock valued at $1,498,000 after buying an additional 6,251 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in shares of Osisko Gold Royalties by 5.7% during the third quarter. Principal Financial Group Inc. now owns 1,527,110 shares of the basic materials company's stock worth $28,316,000 after purchasing an additional 82,150 shares during the last quarter. Institutional investors and hedge funds 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.