Shares of Osisko gold royalties Ltd (NYSE:OR) have been given an average recommendation of “Buy” by the nine research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $14.50.

Several research firms have issued reports on OR. ValuEngine raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating in a report on Saturday, March 9th. TheStreet raised shares of Osisko gold royalties from a “d+” rating to a “c-” rating in a report on Tuesday, February 26th. Scotiabank reaffirmed an “average” rating and issued a $18.00 price target on shares of Osisko gold royalties in a report on Thursday, February 21st. BMO Capital Markets raised shares of Osisko gold royalties from a “market perform” rating to an “outperform” rating in a report on Thursday, February 21st. Finally, Zacks Investment Research raised shares of Osisko gold royalties from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a report on Friday, February 8th.

NYSE:OR traded down $0.54 during trading hours on Thursday, reaching $11.31. The company’s stock had a trading volume of 557,423 shares, compared to its average volume of 592,167. The company has a market capitalization of $1.79 billion, a price-to-earnings ratio of 75.40 and a beta of -0.18. Osisko gold royalties has a 12 month low of $7.00 and a 12 month high of $12.08. The company has a quick ratio of 12.46, a current ratio of 8.59 and a debt-to-equity ratio of 0.20.

Osisko gold royalties (NYSE:OR) last issued its quarterly earnings data on Wednesday, February 20th. The basic materials company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.04. The company had revenue of $115.34 million during 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%. Osisko gold royalties’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.01 earnings per share. On average, sell-side analysts expect that Osisko gold royalties will post 0.12 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be issued a $0.0378 dividend. This represents a $0.15 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Thursday, March 28th. Osisko gold royalties’s dividend payout ratio is currently 100.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Ruffer LLP purchased a new position in Osisko gold royalties in the fourth quarter worth $8,426,000. Jane Street Group LLC grew its holdings in shares of Osisko gold royalties by 244.9% during the third quarter. Jane Street Group LLC now owns 103,129 shares of the basic materials company’s stock valued at $782,000 after buying an additional 73,228 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Osisko gold royalties by 173.1% during the second quarter. Bank of America Corp DE now owns 29,747 shares of the basic materials company’s stock valued at $282,000 after buying an additional 18,853 shares during the last quarter. CIBC World Markets Inc. grew its holdings in shares of Osisko gold royalties by 48.6% during the third quarter. CIBC World Markets Inc. now owns 104,666 shares of the basic materials company’s stock valued at $794,000 after buying an additional 34,221 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in shares of Osisko gold royalties by 66.7% during the third quarter. Renaissance Technologies LLC now owns 750,574 shares of the basic materials company’s stock valued at $5,697,000 after buying an additional 300,198 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors and hedge funds.

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 and silver mine; and a silver stream on the Gibraltar mine, all located in Canada.

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Analyst Recommendations for Osisko gold royalties (NYSE:OR)

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