Osisko gold royalties (NYSE:OR)‘s stock had its “average” rating reissued by stock analysts at Scotiabank in a research note issued on Thursday. They currently have a $18.00 target price on the basic materials company’s stock. Scotiabank’s price target suggests a potential upside of 61.73% from the company’s previous close.
Several other equities research analysts have also recently issued reports on the company. BMO Capital Markets upgraded Osisko gold royalties from a “market perform” rating to an “outperform” rating in a report on Thursday. Zacks Investment Research raised Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research report on Friday, February 8th. Raymond James reissued a “buy” rating on shares of Osisko gold royalties in a report on Friday, January 18th. ValuEngine lowered Osisko gold royalties from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, TheStreet downgraded Osisko gold royalties from a “c-” rating to a “d+” rating in a research note on Monday, November 12th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $15.63.
Shares of NYSE OR traded up $0.63 during trading hours on Thursday, reaching $11.13. The stock had a trading volume of 1,536,136 shares, compared to its average volume of 482,415. The stock has a market cap of $1.63 billion, a PE ratio of 79.50, a price-to-earnings-growth ratio of 13.12 and a beta of -0.29. The company has a quick ratio of 12.46, a current ratio of 12.70 and a debt-to-equity ratio of 0.22. Osisko gold royalties has a fifty-two week low of $7.00 and a fifty-two week high of $11.18.
Large investors have recently modified their holdings of the stock. Legal & General Group Plc increased its stake in Osisko gold royalties by 5.1% in the 4th 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 during the last quarter. Global Strategic Management Inc. bought a new stake in Osisko gold royalties in the 4th quarter valued at about $10,868,000. Cipher Capital LP bought a new stake in Osisko gold royalties in the 4th quarter valued at about $485,000. Candriam Luxembourg S.C.A. raised its position in shares of Osisko gold royalties by 12.7% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 103,632 shares of the basic materials company’s stock valued at $908,000 after buying an additional 11,718 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Osisko gold royalties during the 4th quarter worth approximately $96,000. Institutional investors and hedge funds own 50.40% of the company’s stock.
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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.
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