Zacks Investment Research downgraded shares of Osisko gold royalties (NYSE:OR) from a buy rating to a hold rating in a report released on Friday morning.
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. “
Several other research analysts have also recently commented on the company. Raymond James reissued a buy rating and set a $16.50 target price on shares of Osisko gold royalties in a research note on Monday, December 3rd. ValuEngine cut Osisko gold royalties from a buy rating to a hold rating in a research note on Wednesday, January 2nd. TheStreet cut Osisko gold royalties from a c- rating to a d+ rating in a research note on Monday, November 12th. TD Securities reissued a buy rating on shares of Osisko gold royalties in a research note on Thursday, November 8th. Finally, Royal Bank of Canada reissued a buy rating on shares of Osisko gold royalties in a research note on Friday, November 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $12.75.
Osisko gold royalties (NYSE:OR) last issued its quarterly earnings data on Tuesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. Osisko gold royalties had a positive return on equity of 1.03% and a negative net margin of 11.71%. The business had revenue of $85.47 million during the quarter. As a group, research analysts anticipate that Osisko gold royalties will post 0.08 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a dividend of $0.038 per share. The ex-dividend date is Friday, December 28th. This represents a $0.15 annualized dividend and a yield of 1.69%. Osisko gold royalties’s payout ratio is 107.14%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signition LP acquired a new position in Osisko gold royalties during the 3rd quarter worth $118,000. Dimensional Fund Advisors LP grew its stake in Osisko gold royalties by 53.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,121 shares of the basic materials company’s stock worth $209,000 after purchasing an additional 7,698 shares in the last quarter. BlackRock Inc. grew its stake in Osisko gold royalties by 132.7% during the 2nd quarter. BlackRock Inc. now owns 26,580 shares of the basic materials company’s stock worth $252,000 after purchasing an additional 15,159 shares in the last quarter. Bank of America Corp DE grew its stake in Osisko gold royalties by 173.1% during the 2nd quarter. Bank of America Corp DE now owns 29,747 shares of the basic materials company’s stock worth $282,000 after purchasing an additional 18,853 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Osisko gold royalties by 13,375.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 47,567 shares of the basic materials company’s stock worth $451,000 after purchasing an additional 47,214 shares in the last quarter. 49.98% of the stock is owned by hedge funds and other institutional investors.
About Osisko gold royalties
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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