Zacks Investment Research upgraded shares of Osisko Gold Royalties Ltd (NYSE:OR) from a sell rating to a buy rating in a report issued on Wednesday. They currently have $11.00 price target on the stock.

According to Zacks, “Osisko Gold Ltd is a mining company which is engaged in exploration and mining for gold and other precious metals. Osisko Gold Ltd is headquartered in Montreal, Canada. “

OR has been the subject of a number of other reports. National Bank Financial reaffirmed an outperform overweight rating on shares of Osisko Gold Royalties in a research report on Thursday, August 4th. Desjardins reaffirmed a buy rating on shares of Osisko Gold Royalties in a research report on Tuesday, October 25th.

Osisko Gold Royalties (NYSE:OR) traded down 0.60% during midday trading on Wednesday, hitting $9.94. 45,349 shares of the stock were exchanged. The firm’s 50-day moving average price is $10.27 and its 200 day moving average price is $11.68. The firm has a market capitalization of $1.06 billion and a P/E ratio of 43.98. Osisko Gold Royalties has a 1-year low of $9.10 and a 1-year high of $14.74.

The business also recently announced a quarterly dividend, which will be paid on Monday, January 16th. Stockholders of record on Saturday, December 31st will be given a dividend of $0.0299 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, December 28th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in OR. Credit Suisse AG bought a new position in Osisko Gold Royalties during the third quarter worth $783,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Osisko Gold Royalties during the third quarter worth $9,518,000. Jane Street Group LLC bought a new position in Osisko Gold Royalties during the third quarter worth $1,342,000. D. E. Shaw & Co. Inc. bought a new position in Osisko Gold Royalties during the third quarter worth $2,073,000. Finally, OLD Mission Capital LLC bought a new position in Osisko Gold Royalties during the third quarter worth $1,134,000.

5 Day Chart for NYSE:OR

Receive News & Stock Ratings for Osisko Gold Royalties Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Osisko Gold Royalties Ltd and related stocks with our FREE daily email newsletter.