Osisko gold royalties’ (OR) “Outperform” Rating Reiterated at Raymond James

Osisko gold royalties (NYSE:OR)‘s stock had its “outperform” rating restated by Raymond James in a report issued on Friday, Stock Target Advisor reports. They currently have a $16.00 target price on the basic materials company’s stock. Raymond James’ price objective points to a potential upside of 88.24% from the company’s previous close. Raymond James also issued estimates for Osisko gold royalties’ FY2019 earnings at $0.21 EPS.

OR has been the subject of a number of other reports. Royal Bank of Canada cut shares of Osisko gold royalties from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $19.00 to $16.00 in a report on Tuesday, September 24th. TD Securities reduced their price objective on shares of Osisko gold royalties from $16.50 to $15.50 and set a “hold” rating for the company in a research note on Tuesday, September 24th. Zacks Investment Research raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Saturday, September 28th. ValuEngine cut shares of Osisko gold royalties from a “sell” rating to a “strong sell” rating in a research note on Friday. Finally, CIBC cut shares of Osisko gold royalties from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $18.50 to $15.25 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $15.54.

Shares of OR stock opened at $8.50 on Friday. Osisko gold royalties has a 12 month low of $7.00 and a 12 month high of $13.43. The stock has a market cap of $1.33 billion, a P/E ratio of 56.67, a P/E/G ratio of 1.87 and a beta of -0.07. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.22. The company has a 50 day simple moving average of $9.70 and a two-hundred day simple moving average of $10.84.

A number of hedge funds have recently added to or reduced their stakes in the business. EdgePoint Investment Group Inc. lifted its holdings in shares of Osisko gold royalties by 9.5% in the 3rd quarter. EdgePoint Investment Group Inc. now owns 11,511,726 shares of the basic materials company’s stock worth $106,967,000 after acquiring an additional 995,706 shares during the last quarter. Tower Research Capital LLC TRC increased its position in Osisko gold royalties by 282.8% during the 3rd quarter. Tower Research Capital LLC TRC now owns 12,738 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 9,410 shares during the period. Russell Investments Group Ltd. increased its position in Osisko gold royalties by 97.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 353,812 shares of the basic materials company’s stock valued at $3,351,000 after purchasing an additional 174,796 shares during the period. Tocqueville Asset Management L.P. increased its position in Osisko gold royalties by 136.0% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 8,559,606 shares of the basic materials company’s stock valued at $33,729,000 after purchasing an additional 4,932,000 shares during the period. Finally, Sicart Associates LLC purchased a new position in Osisko gold royalties during the 3rd quarter valued at about $394,000. Institutional investors and hedge funds own 52.86% of the company’s stock.

Osisko gold royalties Company Profile

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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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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