Osisko gold royalties (OR) Receives “Buy” Rating from TD Securities

TD Securities reiterated their buy rating on shares of Osisko gold royalties (NYSE:OR) in a research report report published on Thursday morning.

Several other research analysts have also issued reports on OR. Royal Bank of Canada reaffirmed a buy rating on shares of Osisko gold royalties in a research note on Friday, November 2nd. ValuEngine upgraded shares of Osisko gold royalties from a sell rating to a hold rating in a research report on Tuesday, October 23rd. TheStreet upgraded shares of Osisko gold royalties from a d rating to a c- rating in a research report on Wednesday, August 22nd. Zacks Investment Research upgraded shares of Osisko gold royalties from a sell rating to a hold rating in a research report on Tuesday, October 16th. Finally, Canaccord Genuity reiterated a buy rating on shares of Osisko gold royalties in a research report on Monday, October 22nd. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Osisko gold royalties presently has an average rating of Buy.

Shares of NYSE OR traded up $0.03 during mid-day trading on Thursday, hitting $7.41. The company’s stock had a trading volume of 35,161 shares, compared to its average volume of 588,330. The firm has a market capitalization of $1.22 billion, a PE ratio of 53.39, a price-to-earnings-growth ratio of 27.42 and a beta of 0.03. The company has a current ratio of 7.78, a quick ratio of 7.49 and a debt-to-equity ratio of 0.22. Osisko gold royalties has a one year low of $7.28 and a one year high of $12.26.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.038 dividend. The ex-dividend date of this dividend is Friday, December 28th. This represents a $0.15 dividend on an annualized basis and a dividend yield of 2.05%. Osisko gold royalties’s dividend payout ratio is 107.14%.

Several large investors have recently made changes to their positions in the stock. Fiera Capital Corp raised its position in shares of Osisko gold royalties by 1.8% in the 2nd quarter. Fiera Capital Corp now owns 348,800 shares of the basic materials company’s stock valued at $3,304,000 after acquiring an additional 6,000 shares during the period. Guggenheim Capital LLC raised its position in shares of Osisko gold royalties by 4.7% in the 1st quarter. Guggenheim Capital LLC now owns 160,957 shares of the basic materials company’s stock valued at $1,556,000 after acquiring an additional 7,167 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Osisko gold royalties by 53.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 7,698 shares during the period. Exane Derivatives raised its position in shares of Osisko gold royalties by 9.2% in the 2nd quarter. Exane Derivatives now owns 95,000 shares of the basic materials company’s stock valued at $893,000 after acquiring an additional 8,000 shares during the period. Finally, Legal & General Group Plc raised its position in shares of Osisko gold royalties by 53.7% in the 1st quarter. Legal & General Group Plc now owns 40,190 shares of the basic materials company’s stock valued at $388,000 after acquiring an additional 14,038 shares during the period. Institutional investors and hedge funds own 48.06% 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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