Osisko gold royalties (NYSE:OR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Thursday, Zacks.com reports.

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. “

A number of other research analysts also recently issued reports on the stock. BMO Capital Markets upgraded shares of Osisko gold royalties from a “market perform” rating to an “outperform” rating in a research note on Thursday, February 21st. ValuEngine upgraded shares of Osisko gold royalties from a “hold” rating to a “buy” rating in a research note on Saturday, March 9th. TheStreet upgraded shares of Osisko gold royalties from a “d+” rating to a “c-” rating in a research note on Tuesday, February 26th. Raymond James reiterated a “buy” rating on shares of Osisko gold royalties in a research note on Friday, January 18th. Finally, Desjardins downgraded shares of Osisko gold royalties from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Osisko gold royalties currently has a consensus rating of “Buy” and a consensus target price of $16.13.

OR opened at $11.02 on Thursday. The company has a current ratio of 8.59, a quick ratio of 8.59 and a debt-to-equity ratio of 0.20. The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 73.47, a P/E/G ratio of 4.51 and a beta of -0.18. Osisko gold royalties has a 52-week low of $7.00 and a 52-week high of $12.08.

Osisko gold royalties (NYSE:OR) last posted its quarterly earnings data on Wednesday, February 20th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.04. The business had revenue of $115.34 million for the quarter, compared to the consensus estimate of $126.70 million. Osisko gold royalties had a negative net margin of 21.05% and a positive return on equity of 1.68%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.01 earnings per share. On average, research analysts anticipate that Osisko gold royalties will post 0.12 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of OR. Renaissance Technologies LLC lifted its holdings in shares of Osisko gold royalties by 66.7% during the 3rd quarter. Renaissance Technologies LLC now owns 750,574 shares of the basic materials company’s stock worth $5,697,000 after acquiring an additional 300,198 shares during the period. Jane Street Group LLC grew its position in Osisko gold royalties by 244.9% in the third quarter. Jane Street Group LLC now owns 103,129 shares of the basic materials company’s stock valued at $782,000 after acquiring an additional 73,228 shares in the last quarter. Mackenzie Financial Corp grew its position in Osisko gold royalties by 27.0% in the third quarter. Mackenzie Financial Corp now owns 128,566 shares of the basic materials company’s stock valued at $976,000 after acquiring an additional 27,335 shares in the last quarter. Morgan Stanley grew its position in Osisko gold royalties by 22.9% in the third quarter. Morgan Stanley now owns 1,729,492 shares of the basic materials company’s stock valued at $13,127,000 after acquiring an additional 322,139 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Osisko gold royalties by 4.7% in the third quarter. Vanguard Group Inc. now owns 3,778,398 shares of the basic materials company’s stock valued at $28,678,000 after acquiring an additional 170,268 shares in the last quarter. Institutional investors and hedge funds own 50.76% of the company’s stock.

Osisko gold royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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