Osisko Gold Royalties’ (OR) Outperform Rating Reiterated at Royal Bank Of Canada

Royal Bank Of Canada restated their outperform rating on shares of Osisko Gold Royalties Ltd (NYSE:OR) in a research note released on Thursday morning.

OR has been the subject of several other reports. Zacks Investment Research lowered shares of Osisko Gold Royalties from a buy rating to a hold rating in a research report on Tuesday, August 1st. TD Securities lowered shares of Osisko Gold Royalties to a hold rating and set a $19.00 price objective for the company. in a research report on Tuesday, June 6th. Finally, Raymond James Financial, Inc. began 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 objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $17.67.

Shares of Osisko Gold Royalties (NYSE:OR) traded down 0.77% during mid-day trading on Thursday, hitting $14.26. 700,097 shares of the stock were exchanged. The firm has a market cap of $2.24 billion, a price-to-earnings ratio of 46.60 and a beta of 0.26. The stock has a 50-day moving average price of $13.01 and a 200 day moving average price of $11.79. Osisko Gold Royalties has a 52-week low of $8.88 and a 52-week high of $14.39.

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The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Saturday, September 30th will be issued a $0.0401 dividend. This represents a $0.16 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend is Thursday, September 28th. This is an increase from Osisko Gold Royalties’s previous quarterly dividend of $0.03. Osisko Gold Royalties’s dividend payout ratio is 40.00%.

A number of large investors have recently modified their holdings of the stock. Cidel Asset Management Inc. increased its holdings in Osisko Gold Royalties by 0.4% in the 2nd quarter. Cidel Asset Management Inc. now owns 47,700 shares of the basic materials company’s stock worth $582,000 after buying an additional 200 shares during the period. Legal & General Group Plc increased its holdings in Osisko Gold Royalties by 5.6% in the 2nd 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 during the period. Bank of New York Mellon Corp increased its holdings in Osisko Gold Royalties by 7.5% in 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 buying an additional 2,130 shares during the period. Swiss National Bank increased its holdings in Osisko Gold Royalties by 1.6% in the 1st quarter. Swiss National Bank now owns 175,730 shares of the basic materials company’s stock worth $1,953,000 after buying an additional 2,700 shares during the period. Finally, UBS Group AG increased its holdings in Osisko Gold Royalties by 6.3% in the 1st quarter. UBS Group AG now owns 72,215 shares of the basic materials company’s stock worth $802,000 after buying an additional 4,254 shares during the period. Institutional investors own 39.11% of the company’s stock.

Osisko Gold Royalties Company Profile

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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