Osisko Gold Royalties Ltd (NYSE:OR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Friday.

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. “

Several other research firms have also weighed in on OR. Desjardins reaffirmed a “buy” rating on shares of Osisko Gold Royalties in a research report on Tuesday, October 25th. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Osisko Gold Royalties in a research report on Thursday, August 4th.

Osisko Gold Royalties (NYSE:OR) opened at 9.53 on Friday. The firm has a market capitalization of $1.02 billion and a PE ratio of 34.91. Osisko Gold Royalties has a 52-week low of $9.10 and a 52-week high of $14.74. The stock’s 50 day moving average is $10.14 and its 200-day moving average is $11.59.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 16th. Shareholders of record on Saturday, December 31st will be given a dividend of $0.0299 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Wednesday, December 28th.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Advisor Group Inc. acquired a new position in Osisko Gold Royalties during the third quarter worth $160,000. Bank of New York Mellon Corp acquired a new position in Osisko Gold Royalties during the third quarter worth $270,000. JPMorgan Chase & Co. acquired a new position in Osisko Gold Royalties during the third quarter worth $313,000. Cidel Asset Management Inc. acquired a new position in Osisko Gold Royalties during the third quarter worth $429,000. Finally, CIBC World Markets Inc. acquired a new position in Osisko Gold Royalties during the third quarter worth $543,000.

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5 Day Chart for NYSE:OR

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