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

Osisko Gold Royalties (NYSE:OR) had its target price decreased by equities research analysts at Scotiabank from $31.00 to $22.00 in a research report issued to clients and investors 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.

Other analysts have also recently issued research reports about the stock. TD Cowen cut shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their price target on shares of Osisko Gold Royalties from $23.00 to $24.00 and gave the company an “outperform” rating in a research report on Tuesday, February 11th. Finally, TD Securities downgraded Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.67.

Osisko Gold Royalties Price Performance

Osisko Gold Royalties stock opened at $18.33 on Thursday. The company has a market capitalization of $3.42 billion, a price-to-earnings ratio of 203.61 and a beta of 1.02. The company has a current ratio of 4.40, a quick ratio of 4.40 and a debt-to-equity ratio of 0.05. Osisko Gold Royalties has a 12 month low of $13.90 and a 12 month high of $21.29. The stock’s 50 day moving average is $18.83 and its 200-day moving average is $18.84.

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

Institutional Trading of Osisko Gold Royalties

Several large investors have recently made changes to their positions in the company. Employees Retirement System of Texas bought a new stake in Osisko Gold Royalties during the fourth quarter worth $131,000. Polar Asset Management Partners Inc. lifted its position in shares of Osisko Gold Royalties by 22.8% during the 4th quarter. Polar Asset Management Partners Inc. now owns 49,461 shares of the basic materials company’s stock worth $895,000 after buying an additional 9,183 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Osisko Gold Royalties by 37.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 578,405 shares of the basic materials company’s stock valued at $10,469,000 after buying an additional 157,943 shares in the last quarter. Two Sigma Investments LP grew its position in Osisko Gold Royalties by 78.3% in the fourth quarter. Two Sigma Investments LP now owns 67,407 shares of the basic materials company’s stock valued at $1,220,000 after acquiring an additional 29,606 shares during the last quarter. Finally, Two Sigma Advisers LP raised its stake in Osisko Gold Royalties by 280.7% during the fourth quarter. Two Sigma Advisers LP now owns 104,700 shares of the basic materials company’s stock worth $1,895,000 after acquiring an additional 77,200 shares in the last quarter. Institutional investors and hedge funds own 68.52% of the company’s stock.

Osisko Gold Royalties Company Profile

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.