Osisko Gold Royalties (NYSE:OR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

Osisko Gold Royalties (NYSE:OR) had its price target increased by Royal Bank of Canada from $23.00 to $24.00 in a research note issued to investors on Tuesday,BayStreet.CA reports. They currently have an outperform rating on the basic materials company’s stock.

Other analysts have also recently issued reports about the company. TD Securities cut Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th.

Osisko Gold Royalties Price Performance

Shares of Osisko Gold Royalties stock opened at $19.76 on Tuesday. The company’s fifty day simple moving average is $18.83 and its two-hundred day simple moving average is $18.64. Osisko Gold Royalties has a 12-month low of $12.77 and a 12-month high of $21.29. The firm has a market cap of $3.69 billion, a PE ratio of -94.07 and a beta of 1.02. The company has a quick ratio of 4.40, a current ratio of 4.40 and a debt-to-equity ratio of 0.05.

Hedge Funds Weigh In On Osisko Gold Royalties

A number of institutional investors have recently bought and sold shares of OR. Capital Performance Advisors LLP bought a new stake in Osisko Gold Royalties during the 3rd quarter valued at approximately $58,000. SBI Securities Co. Ltd. purchased a new position in shares of Osisko Gold Royalties in the 4th quarter valued at approximately $57,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Osisko Gold Royalties during the fourth quarter valued at approximately $72,000. Northwest & Ethical Investments L.P. grew its stake in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock worth $114,000 after purchasing an additional 626 shares during the period. Finally, Icon Wealth Advisors LLC purchased a new stake in Osisko Gold Royalties in the third quarter worth $187,000. 68.52% of the stock is owned by institutional investors.

About Osisko Gold Royalties

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.