Osisko Gold Royalties (NYSE:OR) Price Target Raised to $24.00

Osisko Gold Royalties (NYSE:OR) had its price objective upped by Royal Bank of Canada from $23.00 to $24.00 in a research report report published on Tuesday morning,BayStreet.CA reports. Royal Bank of Canada currently has an outperform rating on the basic materials company’s stock.

Several other research firms have also commented on OR. TD Cowen lowered shares of Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday, November 11th. TD Securities downgraded shares of Osisko Gold Royalties from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th.

Osisko Gold Royalties Stock Up 0.2 %

OR stock opened at $20.42 on Tuesday. The firm has a market cap of $3.81 billion, a PE ratio of -97.24 and a beta of 1.02. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.40 and a current ratio of 4.40. The firm’s 50 day moving average price is $18.86 and its 200-day moving average price is $18.67. Osisko Gold Royalties has a one year low of $12.77 and a one year high of $21.29.

Hedge Funds Weigh In On Osisko Gold Royalties

Several institutional investors have recently modified their holdings of the business. PFG Investments LLC grew its stake in shares of Osisko Gold Royalties by 2.2% during the fourth quarter. PFG Investments LLC now owns 24,796 shares of the basic materials company’s stock worth $449,000 after purchasing an additional 527 shares in the last quarter. Addenda Capital Inc. lifted its position in Osisko Gold Royalties by 1.4% in the fourth quarter. Addenda Capital Inc. now owns 38,325 shares of the basic materials company’s stock valued at $694,000 after acquiring an additional 532 shares during the last quarter. Franklin Resources Inc. lifted its position in Osisko Gold Royalties by 4.5% in the fourth quarter. Franklin Resources Inc. now owns 12,282 shares of the basic materials company’s stock valued at $222,000 after acquiring an additional 534 shares during the last quarter. Pictet Asset Management Holding SA lifted its position in Osisko Gold Royalties by 2.0% in the fourth quarter. Pictet Asset Management Holding SA now owns 28,781 shares of the basic materials company’s stock valued at $521,000 after acquiring an additional 564 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. lifted its position in Osisko Gold Royalties by 11.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 6,292 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 626 shares during 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.