Osisko Gold Royalties (NYSE:OR) Price Target Lowered to $23.00 at Royal Bank of Canada

Osisko Gold Royalties (NYSE:OR) had its price target reduced by stock analysts at Royal Bank of Canada from $24.00 to $23.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Royal Bank of Canada’s price objective points to a potential upside of 15.97% from the company’s previous close.

Separately, Scotiabank lowered their target price on Osisko Gold Royalties from $31.00 to $22.00 and set a “sector perform” rating for the company in a research note on Thursday, February 27th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.33.

Osisko Gold Royalties Trading Down 5.5 %

NYSE OR opened at $19.83 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 220.37 and a beta of 0.88. The firm has a 50 day simple moving average of $19.49 and a 200-day simple moving average of $19.29. Osisko Gold Royalties has a one year low of $15.12 and a one year high of $21.42.

Osisko Gold Royalties (NYSE:OR) last released its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The company had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Equities research analysts anticipate that Osisko Gold Royalties will post 0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Osisko Gold Royalties

Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in Osisko Gold Royalties by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 7,208,346 shares of the basic materials company’s stock valued at $130,529,000 after buying an additional 128,099 shares during the last quarter. FMR LLC increased its holdings in shares of Osisko Gold Royalties by 25.2% in the 4th quarter. FMR LLC now owns 5,613,898 shares of the basic materials company’s stock valued at $101,659,000 after acquiring an additional 1,128,969 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Osisko Gold Royalties by 352.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 4,099,521 shares of the basic materials company’s stock worth $74,160,000 after acquiring an additional 3,194,173 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Osisko Gold Royalties during the fourth quarter worth approximately $60,364,000. Finally, CIBC Asset Management Inc boosted its holdings in Osisko Gold Royalties by 21.6% in the fourth quarter. CIBC Asset Management Inc now owns 3,111,398 shares of the basic materials company’s stock valued at $56,215,000 after purchasing an additional 551,936 shares in the last quarter. 68.52% of the stock is owned by hedge funds and other institutional investors.

Osisko Gold Royalties Company Profile

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and other interests in Canada and internationally. It also owns options on offtake; royalty/stream financings; and exclusive rights to participate in future royalty/stream financings on various projects. The company’s primary asset is a 3-5% net smelter return royalty on the Canadian Malartic complex located in Canada.