Scotiabank Has Lowered Expectations for Osisko Gold Royalties (NYSE:OR) Stock Price

Osisko Gold Royalties (NYSE:OR) had its price objective dropped by research analysts at Scotiabank from $31.00 to $22.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Scotiabank’s price objective would suggest a potential upside of 20.05% from the stock’s previous close.

OR has been the topic of several other reports. TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday, November 11th. Royal Bank of Canada raised their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the stock an “outperform” rating in a report on Tuesday, February 11th. Finally, TD Securities cut shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Osisko Gold Royalties presently has an average rating of “Hold” and a consensus price target of $22.67.

Osisko Gold Royalties Stock Performance

NYSE:OR opened at $18.33 on Thursday. The stock’s 50-day moving average is $18.83 and its 200-day moving average is $18.84. Osisko Gold Royalties has a 1-year low of $13.90 and a 1-year high of $21.29. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3.42 billion, a P/E ratio of 203.61 and a beta of 1.02.

Osisko Gold Royalties (NYSE:OR) last posted its earnings results on Wednesday, February 19th. The basic materials company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.02. The firm had revenue of $56.74 million for the quarter, compared to analyst estimates of $68.31 million. Osisko Gold Royalties had a net margin of 8.50% and a return on equity of 7.94%. Equities research analysts anticipate that Osisko Gold Royalties will post 0.62 earnings per share for the current year.

Institutional Trading of Osisko Gold Royalties

Several large investors have recently modified their holdings of OR. SBI Securities Co. Ltd. bought a new position in Osisko Gold Royalties during the fourth quarter worth $57,000. Capital Performance Advisors LLP acquired a new position in shares of Osisko Gold Royalties during the third quarter valued at about $58,000. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Osisko Gold Royalties during the 4th quarter worth about $72,000. Northwest & Ethical Investments L.P. grew its stake in shares of Osisko Gold Royalties by 11.0% in the 4th quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after buying an additional 626 shares during the period. Finally, Employees Retirement System of Texas bought a new stake in Osisko Gold Royalties in the 4th quarter valued at about $131,000. Institutional investors and hedge funds own 68.52% of the company’s stock.

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.