Osisko gold royalties (OR) Reaches New 12-Month Low at $7.28

Osisko gold royalties Ltd (NYSE:OR)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $7.28 and last traded at $7.42, with a volume of 28670 shares traded. The stock had previously closed at $7.34.

Several brokerages have recently commented on OR. TD Securities reaffirmed a “buy” rating on shares of Osisko gold royalties in a research report on Thursday. Royal Bank of Canada reaffirmed a “buy” rating on shares of Osisko gold royalties in a research report on Friday, November 2nd. ValuEngine raised shares of Osisko gold royalties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. TheStreet raised shares of Osisko gold royalties from a “d” rating to a “c-” rating in a research report on Wednesday, August 22nd. Finally, Zacks Investment Research upgraded shares of Osisko gold royalties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Buy”.

The company has a market capitalization of $1.22 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 27.42 and a beta of 0.03. The company has a current ratio of 7.78, a quick ratio of 7.49 and a debt-to-equity ratio of 0.22.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC raised its stake in Osisko gold royalties by 339.8% during the third quarter. SG Americas Securities LLC now owns 72,911 shares of the basic materials company’s stock worth $553,000 after acquiring an additional 56,334 shares during the period. Signition LP acquired a new stake in Osisko gold royalties during the third quarter worth about $118,000. Intact Investment Management Inc. raised its stake in Osisko gold royalties by 30.3% during the third quarter. Intact Investment Management Inc. now owns 4,475,300 shares of the basic materials company’s stock worth $43,634,000 after acquiring an additional 1,042,000 shares during the period. Millennium Management LLC raised its stake in Osisko gold royalties by 414.1% during the second quarter. Millennium Management LLC now owns 306,417 shares of the basic materials company’s stock worth $2,902,000 after acquiring an additional 246,811 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its stake in Osisko gold royalties by 93.2% during the second quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 528,000 shares of the basic materials company’s stock worth $6,574,000 after acquiring an additional 254,700 shares during the period. Hedge funds and other institutional investors own 48.06% of the company’s stock.

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About Osisko gold royalties (NYSE:OR)

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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