Scotiabank Cuts Osisko Gold Royalties (NYSE:OR) Price Target to $22.00

Osisko Gold Royalties (NYSE:OR - Get Free Report) had its price target lowered by equities researchers at Scotiabank from $31.00 to $22.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a "sector perform" rating on the basic materials company's stock. Scotiabank's price objective would indicate a potential upside of 22.43% from the company's current price.

Several other research firms have also commented on OR. TD Cowen lowered Osisko Gold Royalties from a "buy" rating to a "hold" rating in a research note on Monday, November 11th. TD Securities downgraded Osisko Gold Royalties from a "strong-buy" rating to a "hold" rating in a research note on Monday, November 11th. Finally, Royal Bank of Canada raised their target price on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $22.67.

Osisko Gold Royalties Stock Down 2.0 %

OR stock traded down $0.36 during trading on Thursday, hitting $17.97. 824,028 shares of the stock traded hands, compared to its average volume of 645,933. The firm's 50 day moving average is $18.83 and its two-hundred day moving average is $18.86. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 199.67 and a beta of 1.02. Osisko Gold Royalties has a 1 year low of $15.12 and a 1 year high of $21.29. 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 released 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. Osisko Gold Royalties had a return on equity of 7.94% and a net margin of 8.50%. The company had revenue of $56.74 million during the quarter, compared to the consensus estimate of $68.31 million. On average, sell-side analysts anticipate that Osisko Gold Royalties will post 0.62 EPS for the current year.

Institutional Trading of Osisko Gold Royalties

Several institutional investors have recently made changes to their positions in OR. Vanguard Group Inc. boosted its stake in Osisko Gold Royalties by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company's stock worth $130,529,000 after purchasing an additional 128,099 shares during the period. FMR LLC lifted its holdings in shares of Osisko Gold Royalties by 25.2% in the fourth quarter. FMR LLC now owns 5,613,898 shares of the basic materials company's stock worth $101,659,000 after buying an additional 1,128,969 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Osisko Gold Royalties by 352.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company's stock worth $74,160,000 after acquiring an additional 3,194,173 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Osisko Gold Royalties during the fourth quarter valued at $60,364,000. Finally, CIBC Asset Management Inc increased its holdings in Osisko Gold Royalties by 21.6% in the 4th quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company's stock valued at $56,215,000 after acquiring an additional 551,936 shares during the last quarter. Hedge funds and other 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.