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

Osisko Gold Royalties (NYSE:OR) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on the company. TD Cowen lowered Osisko Gold Royalties from a “buy” rating to a “hold” rating in a report on Monday. Jefferies Financial Group upped their price objective on shares of Osisko Gold Royalties from $19.00 to $22.00 and gave the company a “buy” rating in a report on Friday, October 4th. Finally, Royal Bank of Canada cut their target price on shares of 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.

Osisko Gold Royalties Trading Down 2.9 %

Osisko Gold Royalties stock opened at $18.58 on Monday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.92 and a current ratio of 4.40. The stock has a 50-day simple moving average of $19.06 and a 200 day simple moving average of $17.49. The stock has a market capitalization of $3.47 billion, a P/E ratio of -91.05 and a beta of 1.03. 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 have recently modified their holdings of the business. EverSource Wealth Advisors LLC increased its stake in Osisko Gold Royalties by 125.7% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 916 shares during the period. Capital Performance Advisors LLP acquired a new position in Osisko Gold Royalties in the third quarter valued at about $58,000. Point72 DIFC Ltd bought a new stake in Osisko Gold Royalties during the second quarter worth about $71,000. US Bancorp DE increased its holdings in Osisko Gold Royalties by 32.1% in the 3rd quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after buying an additional 2,584 shares during the period. Finally, Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $211,000. Institutional investors 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.