Scotiabank reiterated their buy rating on shares of Osisko Gold Royalties Ltd (NYSE:OR) in a research report report published on Monday morning. Scotiabank currently has a $20.00 price target on the basic materials company’s stock.

Several other research analysts have also weighed in on the stock. Zacks Investment Research raised shares of Osisko Gold Royalties from a hold rating to a buy rating and set a $14.00 price objective on the stock in a research note on Wednesday, July 12th. Royal Bank Of Canada reissued an outperform rating on shares of Osisko Gold Royalties in a research note on Thursday, September 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of $18.25.

Osisko Gold Royalties (NYSE:OR) opened at $12.17 on Monday. The stock has a market cap of $1,929.09, a PE ratio of 61.45, a PEG ratio of 12.64 and a beta of -0.05. The company has a debt-to-equity ratio of 0.04, a current ratio of 12.76 and a quick ratio of 12.76. Osisko Gold Royalties has a one year low of $8.88 and a one year high of $14.39.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a dividend of $0.039 per share. This represents a $0.16 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, December 28th. Osisko Gold Royalties’s payout ratio is 76.19%.

A number of institutional investors have recently added to or reduced their stakes in OR. Legal & General Group Plc boosted its stake in Osisko Gold Royalties by 5.6% during the 2nd quarter. Legal & General Group Plc now owns 12,979 shares of the basic materials company’s stock worth $158,000 after acquiring an additional 693 shares during the last quarter. Stifel Financial Corp boosted its stake in Osisko Gold Royalties by 34.0% during the 2nd quarter. Stifel Financial Corp now owns 25,631 shares of the basic materials company’s stock worth $312,000 after acquiring an additional 6,500 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Osisko Gold Royalties by 7.5% during the 1st quarter. Bank of New York Mellon Corp now owns 30,399 shares of the basic materials company’s stock worth $338,000 after acquiring an additional 2,130 shares during the last quarter. SG Americas Securities LLC boosted its stake in Osisko Gold Royalties by 45.8% during the 2nd quarter. SG Americas Securities LLC now owns 29,004 shares of the basic materials company’s stock worth $354,000 after acquiring an additional 9,106 shares during the last quarter. Finally, Bank of Nova Scotia boosted its stake in Osisko Gold Royalties by 105.2% during the 2nd quarter. Bank of Nova Scotia now owns 29,593 shares of the basic materials company’s stock worth $362,000 after acquiring an additional 15,169 shares during the last quarter. 35.31% of the stock is currently owned by institutional investors and hedge funds.

About Osisko Gold Royalties

Osisko Gold Royalties Ltd. acquires and manages precious metal and other royalties and streams, and similar interests in the Americas. It has 5% net smelter returns (NSR) royalty on the Canadian Malartic property located in the province of Québec, Canada; and 2% to 3.5% NSR royalty on the Éléonore mine situated in the James Bay area in Québec, Canada.

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