ValuEngine cut shares of Osisko gold royalties (NYSE:OR) from a buy rating to a hold rating in a research report sent to investors on Thursday, ValuEngine reports.

Several other research analysts also recently weighed in on the stock. Canaccord Genuity reissued a buy rating on shares of Osisko gold royalties in a research note on Friday, August 23rd. Raymond James reiterated a buy rating and set a $18.00 price target on shares of Osisko gold royalties in a report on Wednesday, September 4th. Finally, Zacks Investment Research raised shares of Osisko gold royalties from a hold rating to a buy rating and set a $14.00 price objective for the company in a research report on Thursday, August 22nd. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Osisko gold royalties currently has a consensus rating of Buy and a consensus price target of $16.75.

Shares of OR traded down $0.28 on Thursday, reaching $11.58. The stock had a trading volume of 31,899 shares, compared to its average volume of 796,273. The firm has a market capitalization of $1.70 billion, a PE ratio of 77.27, a PEG ratio of 3.17 and a beta of -0.03. The company has a quick ratio of 1.96, a current ratio of 1.96 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average of $12.46 and a 200 day moving average of $11.24. Osisko gold royalties has a twelve month low of $7.00 and a twelve month high of $13.43.

Osisko gold royalties (NYSE:OR) last released its quarterly earnings results on Wednesday, July 31st. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $98.39 million for the quarter, compared to analysts’ expectations of $73.72 million. Osisko gold royalties had a positive return on equity of 1.89% and a negative net margin of 30.81%. On average, sell-side analysts anticipate that Osisko gold royalties will post 0.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.038 per share. This represents a $0.15 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Friday, September 27th. This is an increase from Osisko gold royalties’s previous quarterly dividend of $0.04. Osisko gold royalties’s payout ratio is 100.00%.

Hedge funds have recently bought and sold shares of the business. Acadian Asset Management LLC lifted its stake in shares of Osisko gold royalties by 1,987.2% in the first quarter. Acadian Asset Management LLC now owns 1,379,609 shares of the basic materials company’s stock worth $15,499,000 after acquiring an additional 1,313,509 shares in the last quarter. Luminus Management LLC acquired a new stake in Osisko gold royalties during the second quarter valued at approximately $11,720,000. Anson Funds Management LP acquired a new stake in Osisko gold royalties during the second quarter valued at approximately $4,015,000. Morgan Stanley raised its stake in Osisko gold royalties by 23.7% during the second quarter. Morgan Stanley now owns 1,926,080 shares of the basic materials company’s stock valued at $20,107,000 after buying an additional 369,348 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Osisko gold royalties by 203.7% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 455,601 shares of the basic materials company’s stock valued at $4,756,000 after buying an additional 305,601 shares in the last quarter. 54.01% of the stock is owned by hedge funds and other institutional investors.

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.

Read More: What is a management fee?

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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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