A number of other equities analysts have also recently issued reports on OR. Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the company a "buy" rating in a report on Friday, October 4th. TD Securities raised shares of Osisko Gold Royalties to a "strong-buy" rating in a report on Monday, July 22nd. Finally, Royal Bank of Canada lowered their target price on Osisko Gold Royalties from $21.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, September 10th.
Get Our Latest Stock Analysis on OR
Shares of NYSE:OR opened at $20.24 on Monday. Osisko Gold Royalties has a 12 month low of $11.89 and a 12 month high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.92 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average price of $19.02 and a 200 day moving average price of $17.46. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -96.38 and a beta of 1.03.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Scheer Rowlett & Associates Investment Management Ltd. raised its position in shares of Osisko Gold Royalties by 53.9% in the third quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 965,801 shares of the basic materials company's stock worth $17,886,000 after acquiring an additional 338,354 shares during the period. Moors & Cabot Inc. boosted its position in Osisko Gold Royalties by 11.0% during the third quarter. Moors & Cabot Inc. now owns 22,801 shares of the basic materials company's stock worth $422,000 after purchasing an additional 2,265 shares in the last quarter. Aigen Investment Management LP grew its holdings in Osisko Gold Royalties by 52.8% in the third quarter. Aigen Investment Management LP now owns 34,688 shares of the basic materials company's stock valued at $642,000 after purchasing an additional 11,989 shares during the period. Fiera Capital Corp increased its position in shares of Osisko Gold Royalties by 3.7% in the third quarter. Fiera Capital Corp now owns 762,075 shares of the basic materials company's stock valued at $14,133,000 after buying an additional 26,917 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Osisko Gold Royalties during the 3rd quarter valued at approximately $58,000. Institutional investors and hedge funds own 68.52% of the company's stock.
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.
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