Osisko Gold Royalties (NYSE:OR) Downgraded to Hold Rating by TD Cowen

Osisko Gold Royalties (NYSE:OR) was downgraded by equities research analysts at TD Cowen from a “buy” rating to a “hold” rating in a report released on Monday, MarketBeat reports.

Several other research analysts have also recently issued reports on the stock. TD Securities upgraded shares of Osisko Gold Royalties to a “strong-buy” rating in a report on Monday, July 22nd. Royal Bank of Canada decreased their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, September 10th. Finally, Jefferies Financial Group boosted their price objective on Osisko Gold Royalties from $19.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, October 4th.

Osisko Gold Royalties Stock Performance

Shares of OR opened at $18.58 on Monday. The firm has a market capitalization of $3.47 billion, a PE ratio of -91.05 and a beta of 1.03. The company has a quick ratio of 4.92, a current ratio of 4.40 and a debt-to-equity ratio of 0.05. The firm has a 50-day moving average price of $19.06 and a 200 day moving average price of $17.49. Osisko Gold Royalties has a 52-week low of $11.89 and a 52-week high of $21.29.

Institutional Investors Weigh In On Osisko Gold Royalties

A number of institutional investors and hedge funds have recently modified their holdings of OR. Price T Rowe Associates Inc. MD acquired a new position in shares of Osisko Gold Royalties in the 1st quarter worth $109,825,000. Bornite Capital Management LP purchased a new position in Osisko Gold Royalties in the 1st quarter worth about $33,370,000. Mackenzie Financial Corp raised its holdings in Osisko Gold Royalties by 237.0% during the 2nd quarter. Mackenzie Financial Corp now owns 1,977,895 shares of the basic materials company’s stock worth $30,827,000 after buying an additional 1,391,005 shares during the period. Millennium Management LLC lifted its stake in Osisko Gold Royalties by 20.5% during the second quarter. Millennium Management LLC now owns 6,587,348 shares of the basic materials company’s stock valued at $102,631,000 after buying an additional 1,122,653 shares in the last quarter. Finally, Yaupon Capital Management LP acquired a new position in shares of Osisko Gold Royalties in the first quarter worth about $15,973,000. 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.