Osisko Gold Royalties (NYSE:OR) Rating Lowered to Hold at TD Cowen

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

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

Osisko Gold Royalties Price Performance

OR opened at $18.58 on Monday. The company has a market capitalization of $3.47 billion, a P/E ratio of -91.05 and a beta of 1.03. The company has a 50-day moving average of $19.06 and a 200-day moving average of $17.49. The company has a debt-to-equity ratio of 0.05, a quick ratio of 4.92 and a current ratio of 4.40. Osisko Gold Royalties has a 1-year low of $11.89 and a 1-year high of $21.29.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of Osisko Gold Royalties by 125.7% during the first quarter. EverSource Wealth Advisors LLC now owns 1,645 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 916 shares during the period. Capital Performance Advisors LLP acquired a new position in Osisko Gold Royalties during the 3rd quarter valued at about $58,000. Point72 DIFC Ltd bought a new position in Osisko Gold Royalties in the 2nd quarter worth about $71,000. US Bancorp DE increased its stake in shares of Osisko Gold Royalties by 32.1% in the third quarter. US Bancorp DE now owns 10,629 shares of the basic materials company’s stock valued at $197,000 after purchasing an additional 2,584 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Osisko Gold Royalties in the second quarter valued at approximately $211,000. 68.52% of the stock is currently owned by institutional investors.

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.