Zacks Investment Research Upgrades Osisko gold royalties (NYSE:OR) to Hold

Zacks Investment Research upgraded shares of Osisko gold royalties (NYSE:OR) from a sell rating to a hold rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “

Several other research firms also recently commented on OR. Desjardins downgraded shares of Canadian Pacific Railway from a buy rating to a hold rating in a research note on Friday, April 12th. National Bank Financial cut shares of Calfrac Well Services from an outperform market weight rating to a sector perform overweight rating in a report on Wednesday, May 1st. TD Securities reduced their target price on shares of TRANSAT AT from C$15.00 to C$11.00 and set a hold rating for the company in a report on Friday, May 3rd. BMO Capital Markets raised their target price on shares of Discover Financial Services to $92.00 and gave the stock a market perform rating in a report on Monday, April 29th. Finally, ValuEngine cut shares of Zuora from a buy rating to a hold rating in a report on Saturday, June 1st. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $16.13.



NYSE:OR opened at $11.52 on Wednesday. Osisko gold royalties has a 12 month low of $7.00 and a 12 month high of $12.08. The business’s fifty day moving average is $10.61. The company has a quick ratio of 5.84, a current ratio of 5.84 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.70 billion, a P/E ratio of 82.29, a P/E/G ratio of 5.25 and a beta of 0.01.

Osisko gold royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $0.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.03. Osisko gold royalties had a negative net margin of 28.58% and a positive return on equity of 1.55%. The business had revenue of $75.49 million during the quarter, compared to the consensus estimate of $91.96 million. As a group, research analysts forecast that Osisko gold royalties will post 0.11 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.0372 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.15 annualized dividend and a dividend yield of 1.29%. Osisko gold royalties’s dividend payout ratio (DPR) is presently 100.00%.

Several institutional investors have recently modified their holdings of OR. Bank of New York Mellon Corp increased its holdings in Osisko gold royalties by 9.1% in the fourth quarter. Bank of New York Mellon Corp now owns 19,090 shares of the basic materials company’s stock valued at $168,000 after buying an additional 1,597 shares in the last quarter. Legal & General Group Plc increased its holdings in Osisko gold royalties by 5.1% in the fourth quarter. Legal & General Group Plc now owns 43,509 shares of the basic materials company’s stock valued at $381,000 after buying an additional 2,124 shares in the last quarter. Two Sigma Advisers LP increased its holdings in Osisko gold royalties by 6.9% in the fourth quarter. Two Sigma Advisers LP now owns 63,105 shares of the basic materials company’s stock valued at $554,000 after buying an additional 4,100 shares in the last quarter. Campbell & CO Investment Adviser LLC increased its holdings in Osisko gold royalties by 29.0% in the first quarter. Campbell & CO Investment Adviser LLC now owns 48,326 shares of the basic materials company’s stock valued at $543,000 after buying an additional 10,853 shares in the last quarter. Finally, Squarepoint Ops LLC purchased a new position in Osisko gold royalties in the fourth quarter valued at $96,000. 49.28% of the stock is owned by hedge funds and other institutional investors.

About Osisko gold royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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