Scotiabank Lowers Osisko Gold Royalties (NYSE:OR) Price Target to C$25.00

Osisko Gold Royalties (NYSE:OR) had its price objective trimmed by Scotiabank from C$27.50 to C$25.00 in a report released on Tuesday, The Fly reports.

A number of other equities analysts have also recently issued reports on OR. BMO Capital Markets lowered their target price on Osisko Gold Royalties from C$23.00 to C$22.50 and set a market perform rating for the company in a report on Wednesday, December 1st. Raymond James lowered their target price on Osisko Gold Royalties from C$22.00 to C$21.50 and set an outperform rating for the company in a report on Wednesday, October 13th. Finally, Zacks Investment Research upgraded Osisko Gold Royalties from a sell rating to a hold rating in a report on Tuesday, October 19th. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and a consensus price target of $20.86.

OR opened at $11.66 on Tuesday. The company has a quick ratio of 2.38, a current ratio of 2.64 and a debt-to-equity ratio of 0.22. Osisko Gold Royalties has a 12 month low of $9.77 and a 12 month high of $15.12. The company has a fifty day simple moving average of $12.13 and a 200 day simple moving average of $12.40. The stock has a market cap of $1.94 billion, a P/E ratio of 1,167.17, a P/E/G ratio of 0.78 and a beta of 0.73.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Tuesday, November 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $39.74 million during the quarter. Osisko Gold Royalties had a return on equity of 3.75% and a net margin of 0.69%. On average, equities research analysts expect that Osisko Gold Royalties will post 0.39 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Friday, December 31st were issued a $0.0441 dividend. This is a boost from Osisko Gold Royalties’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, December 30th. This represents a $0.18 annualized dividend and a dividend yield of 1.51%. Osisko Gold Royalties’s dividend payout ratio (DPR) is presently 1,701.70%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC lifted its stake in Osisko Gold Royalties by 13.4% in the 1st quarter. FMR LLC now owns 1,315,294 shares of the basic materials company’s stock valued at $14,773,000 after purchasing an additional 155,000 shares during the last quarter. First Trust Advisors LP acquired a new stake in Osisko Gold Royalties during the first quarter worth approximately $740,000. Advisor Group Holdings Inc. lifted its position in Osisko Gold Royalties by 121.1% during the second quarter. Advisor Group Holdings Inc. now owns 22,768 shares of the basic materials company’s stock worth $313,000 after acquiring an additional 12,472 shares during the last quarter. US Bancorp DE lifted its position in Osisko Gold Royalties by 9.2% during the second quarter. US Bancorp DE now owns 9,463 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 800 shares during the last quarter. Finally, Swiss National Bank lifted its position in Osisko Gold Royalties by 9.5% during the second quarter. Swiss National Bank now owns 314,630 shares of the basic materials company’s stock worth $4,321,000 after acquiring an additional 27,200 shares during the last quarter. Institutional investors own 51.55% of the company’s stock.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd. operates as an intermediate metal company, which engages in mining and exploration. Its assets portfolio includes Malartic, Windfall and Éléonore royalties. The company was founded on April 29, 2014 and is headquartered in Montreal, Canada.

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