Osisko Gold Royalties (NYSE: OR) Price target lowered to C$22.00 at Stifel Nicolaus
Osisko Gold Royalties (NYSE: GOLD – Get Appraisal) saw its price target lowered by equity research analysts Stifel Nicolaus from C$23.00 to C$22.00 in a report on Friday, reports The Fly.
Several other research companies have also recently weighed in on OR. National Bank Financial raised its price target on Osisko Gold Royalties shares from C$20.00 to C$22.00 in a Wednesday, April 20 research report. TD Securities raised its target price on Osisko Gold Royalties shares from C$21.00 to C$23.00 in a Wednesday, April 6 research note. BMO Capital Markets lowered its price target on Osisko Gold Royalties shares from C$20.00 to C$19.00 in a Friday, February 25 research note. Raymond James cut his price target on Osisko Gold Royalties shares from C$23.00 to C$22.75 in a Friday, May 13 research note. Finally, Zacks Investment Research upgraded Osisko Gold Royalties shares from a “sell” rating to a “hold” rating in a Thursday, May 19 research note. Two research analysts gave the stock a hold rating and three gave the stock a buy rating. According to data from MarketBeat.com, Osisko Gold Royalties currently has an average buy rating and consensus target price of $21.03.
Shares of Osisko Gold Royalties traded down $0.07 during Friday’s midday session, hitting $11.49. 15,729 shares were traded, against an average volume of 1,032,812. The company has a market capitalization of $2.12 billion, a price-earnings ratio of -71.75 and a beta of 0.73. The company has a current ratio of 1.25, a quick ratio of 1.20 and a debt ratio of 0.06. The company has a 50-day simple moving average of $12.64 and a 200-day simple moving average of $12.38. Osisko Gold Royalties has a 52 week minimum of $10.18 and a 52 week maximum of $15.12.
Osisko Gold Royalties (NYSE:OR – Get Rating) last announced its results on Thursday, February 24. The basic materials company reported earnings per share (EPS) of $0.02 for the quarter, missing analyst consensus estimates of $0.09 per ($0.07). The company had revenue of $40.20 million for the quarter. Osisko Gold Royalties posted a positive return on equity of 2.33% and a negative net margin of 15.65%. On average, research analysts expect Osisko Gold Royalties to post an EPS of 0.38 for the current fiscal year.
A number of institutional investors and hedge funds have recently changed their positions in OR. UMB Bank NA MO increased its stake in Osisko Gold Royalties by 141.2% in the first quarter. UMB Bank NA MO now owns 4,100 shares of the basic materials company valued at $54,000 after buying an additional 2,400 shares last quarter. US Bancorp DE increased its stake in Osisko Gold Royalties by 14.8% in the third quarter. US Bancorp DE now owns 10,863 shares of the basic materials company valued at $122,000 after buying an additional 1,400 shares last quarter. Autumn Glory Partners LLC acquired a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $122,000. Terril Brothers Inc. acquired a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $123,000. Finally, Qube Research & Technologies Ltd acquired a new position in Osisko Gold Royalties in the fourth quarter valued at approximately $128,000. 66.21% of the shares are currently held by hedge funds and other institutional investors.
About Osisko Gold Royalties (Get a rating)
Osisko Gold Royalties Ltd acquires and manages precious metals and other royalties, streams, levies and other interests in Canada and abroad. It also holds options on royalty/stream financing; and exclusive rights to participate in future royalty/stream financings on various projects. The Company’s principal asset is a 5% net smelter return royalty on the Canadian Malartic mine located in Canada.
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