Osisko Gold Royalties Ltd (NYSE:OR) Downgraded by Zacks Investment Research
Zacks Investment Research cut shares of Osisko Gold Royalties Ltd (NYSE:OR) from a buy rating to a hold rating in a report published on Tuesday morning.
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 several other research reports. Raymond James Financial, Inc. started coverage on shares of Osisko Gold Royalties in a research report on Thursday, June 15th. They issued an outperform rating and a $20.00 price target for the company. TD Securities downgraded shares of Osisko Gold Royalties to a hold rating and set a $19.00 price target for the company. in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $17.67.
Osisko Gold Royalties (OR) traded down 1.81% on Tuesday, hitting $12.45. 537,198 shares of the stock traded hands. The company has a market cap of $1.33 billion and a price-to-earnings ratio of 36.19. The stock has a 50-day moving average price of $12.38 and a 200 day moving average price of $11.43. Osisko Gold Royalties has a 1-year low of $8.88 and a 1-year high of $13.99.
Osisko Gold Royalties (NYSE:OR) last released its quarterly earnings data on Friday, August 4th. The basic materials company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.02. Osisko Gold Royalties had a net margin of 72.36% and a return on equity of 2.68%. The company had revenue of $18.36 million during the quarter, compared to analyst estimates of $16.39 million. The company’s quarterly revenue was up 16.3% compared to the same quarter last year. On average, analysts anticipate that Osisko Gold Royalties will post $0.21 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Saturday, September 30th will be issued a dividend of $0.0401 per share. This represents a $0.16 dividend on an annualized basis and a yield of 1.29%. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, September 28th. Osisko Gold Royalties’s payout ratio is currently 36.36%.
A number of institutional investors have recently bought and sold shares of the company. Legal & General Group Plc increased its position in Osisko Gold Royalties by 5.6% in the second quarter. Legal & General Group Plc now owns 12,979 shares of the basic materials company’s stock worth $158,000 after buying an additional 693 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Osisko Gold Royalties by 391.1% in the first quarter. Tower Research Capital LLC TRC now owns 14,550 shares of the basic materials company’s stock worth $162,000 after buying an additional 11,587 shares during the period. BNP Paribas Arbitrage SA bought a new position in shares of Osisko Gold Royalties during the first quarter worth $182,000. Stifel Financial Corp bought a new position in shares of Osisko Gold Royalties during the first quarter worth $210,000. Finally, Bank of New York Mellon Corp increased its position in shares of Osisko Gold Royalties by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock worth $338,000 after buying an additional 2,130 shares during the period. 61.37% of the stock is currently owned by hedge funds and other institutional investors.
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