Osisko gold royalties (OR) Lifted to Buy at ValuEngine

ValuEngine upgraded shares of Osisko gold royalties (NYSE:OR) from a hold rating to a buy rating in a research report sent to investors on Saturday.

OR has been the topic of several other research reports. Scotiabank reiterated an average rating and set a $18.00 price target on shares of Osisko gold royalties in a research note on Thursday, February 21st. BMO Capital Markets reiterated a buy rating and set a $17.00 price target on shares of Osisko gold royalties in a research note on Wednesday, February 20th. Zacks Investment Research upgraded 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 research note on Friday, February 8th. Raymond James reiterated a buy rating on shares of Osisko gold royalties in a research note on Friday, January 18th. Finally, TheStreet upgraded shares of Osisko gold royalties from a d+ rating to a c- rating in a research note on Tuesday, February 26th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. Osisko gold royalties presently has a consensus rating of Buy and an average target price of $15.63.

Shares of OR stock opened at $11.55 on Friday. Osisko gold royalties has a 12-month low of $7.00 and a 12-month high of $11.64. The company has a debt-to-equity ratio of 0.22, a quick ratio of 12.46 and a current ratio of 12.70. The company has a market capitalization of $1.78 billion, a P/E ratio of 77.00, a P/E/G ratio of 13.97 and a beta of -0.29.

Osisko gold royalties (NYSE:OR) last issued its earnings results on Wednesday, February 20th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.04. Osisko gold royalties had a negative net margin of 21.05% and a positive return on equity of 1.66%. The company had revenue of $115.34 million for the quarter, compared to analysts’ expectations of $126.70 million. During the same quarter last year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was up 5.3% on a year-over-year basis. As a group, equities analysts predict that Osisko gold royalties will post 0.12 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 29th will be paid a dividend of $0.0378 per share. This represents a $0.15 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, March 28th. Osisko gold royalties’s dividend payout ratio (DPR) is 100.00%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new position in shares of Osisko gold royalties during the 4th quarter valued at $154,000. Norges Bank purchased a new position in shares of Osisko gold royalties during the 4th quarter valued at $6,769,000. Legal & General Group Plc lifted its stake in shares of Osisko gold royalties by 5.1% during the 4th quarter. Legal & General Group Plc now owns 43,509 shares of the basic materials company’s stock valued at $381,000 after buying an additional 2,124 shares in the last quarter. Global Strategic Management Inc. purchased a new position in shares of Osisko gold royalties during the 4th quarter valued at $10,868,000. Finally, Cipher Capital LP purchased a new position in shares of Osisko gold royalties during the 4th quarter valued at $485,000. Institutional investors own 50.40% of the company’s stock.

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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