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

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

Several other equities analysts also recently commented on the company. Royal Bank of Canada lowered their price target on Osisko Gold Royalties from $21.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, September 10th. Jefferies Financial Group upped their price target 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, TD Cowen downgraded Osisko Gold Royalties from a “buy” rating to a “hold” rating in a research report on Monday.

Osisko Gold Royalties Price Performance

Shares of NYSE:OR opened at $19.12 on Monday. The stock has a market capitalization of $3.57 billion, a P/E ratio of -91.05 and a beta of 1.03. The business has a 50-day moving average of $19.02 and a two-hundred day moving average of $17.47. Osisko Gold Royalties has a fifty-two week low of $11.89 and a fifty-two week high of $21.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.40 and a quick ratio of 4.92.

Hedge Funds Weigh In On Osisko Gold Royalties

Several large investors have recently added to or reduced their stakes in OR. EverSource Wealth Advisors LLC lifted its holdings in shares of 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 stake in Osisko Gold Royalties during the third quarter valued at approximately $58,000. Point72 DIFC Ltd bought a new stake in shares of Osisko Gold Royalties in the 2nd quarter valued at approximately $71,000. US Bancorp DE raised its holdings in shares of 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 worth $197,000 after buying an additional 2,584 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Osisko Gold Royalties in the 2nd quarter worth approximately $211,000. 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.